Lewis Asset Management LLC Takes $352,000 Position in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Lewis Asset Management LLC bought a new stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,367 shares of the business services provider's stock, valued at approximately $352,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. iA Global Asset Management Inc. purchased a new position in Booz Allen Hamilton in the 4th quarter valued at $354,000. Virtu Financial LLC acquired a new stake in Booz Allen Hamilton in the fourth quarter valued at $2,877,000. Sei Investments Co. lifted its holdings in Booz Allen Hamilton by 79.1% in the fourth quarter. Sei Investments Co. now owns 156,095 shares of the business services provider's stock valued at $20,089,000 after acquiring an additional 68,949 shares during the period. AXQ Capital LP acquired a new stake in Booz Allen Hamilton in the fourth quarter valued at $269,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Booz Allen Hamilton in the fourth quarter valued at $16,937,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Stock Up 2.3%

BAH traded up $2.52 on Tuesday, hitting $111.84. 2,638,698 shares of the company were exchanged, compared to its average volume of 1,821,171. The company has a debt-to-equity ratio of 3.90, a quick ratio of 1.79 and a current ratio of 1.79. The stock's fifty day moving average is $108.80 and its 200-day moving average is $115.23. The company has a market cap of $13.89 billion, a PE ratio of 15.43, a PEG ratio of 1.71 and a beta of 0.48. Booz Allen Hamilton Holding Corporation has a 12 month low of $98.95 and a 12 month high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last posted its earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.59 by $0.02. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.03 billion. Booz Allen Hamilton had a return on equity of 72.35% and a net margin of 7.81%. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.33 earnings per share. Equities research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Wednesday, June 11th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Wednesday, June 11th. Booz Allen Hamilton's dividend payout ratio is presently 30.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BAH. Truist Financial decreased their target price on Booz Allen Hamilton from $142.00 to $110.00 and set a "hold" rating for the company in a report on Monday, April 14th. Barclays decreased their price target on Booz Allen Hamilton from $140.00 to $120.00 and set an "equal weight" rating for the company in a research note on Wednesday, May 28th. The Goldman Sachs Group cut Booz Allen Hamilton from a "neutral" rating to a "sell" rating and decreased their target price for the company from $108.00 to $94.00 in a research note on Wednesday, May 28th. Wells Fargo & Company decreased their price target on Booz Allen Hamilton from $148.00 to $135.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Finally, William Blair raised Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of "Hold" and an average price target of $134.64.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.