Booz Allen Hamilton Holding Corporation $BAH Shares Sold by Lord Abbett & CO. LLC

Key Points

• Lord Abbett & CO. LLC reduced its holdings in Booz Allen Hamilton by 13.4%, selling 55,573 shares, bringing its stake to 358,512 shares valued at approximately $37.49 million.
• Booz Allen Hamilton's stock recently opened at $108.15 and experienced a 3.1% decline, with a market cap of $13.33 billion.
• The company announced a quarterly dividend of $0.55 per share, resulting in a 2.0% dividend yield, to be paid on August 29th.

Lord Abbett & CO. LLC trimmed its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 13.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,512 shares of the business services provider's stock after selling 55,573 shares during the quarter. Lord Abbett & CO. LLC owned about 0.28% of Booz Allen Hamilton worth $37,493,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its stake in Booz Allen Hamilton by 74.5% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 246 shares of the business services provider's stock worth $26,000 after acquiring an additional 105 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Booz Allen Hamilton during the 4th quarter worth about $33,000. Ancora Advisors LLC acquired a new stake in shares of Booz Allen Hamilton during the 4th quarter worth about $34,000. True Wealth Design LLC lifted its position in Booz Allen Hamilton by 2,316.7% in the fourth quarter. True Wealth Design LLC now owns 290 shares of the business services provider's stock valued at $37,000 after buying an additional 278 shares during the last quarter. Finally, CX Institutional purchased a new position in Booz Allen Hamilton during the first quarter worth about $33,000. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH traded down $1.6950 on Wednesday, reaching $107.9450. 189,722 shares of the company were exchanged, compared to its average volume of 2,297,292. Booz Allen Hamilton Holding Corporation has a 1-year low of $98.95 and a 1-year high of $190.59. The firm has a market cap of $13.30 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 1.71 and a beta of 0.47. The company has a 50-day moving average of $107.24 and a 200-day moving average of $111.80. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.66.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, topping the consensus estimate of $1.45 by $0.03. The business had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.96 billion. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. The business's revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.38 EPS. Booz Allen Hamilton has set its FY 2026 guidance at 6.200-6.550 EPS. Equities analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Thursday, August 14th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $2.20 annualized dividend and a dividend yield of 2.0%. Booz Allen Hamilton's dividend payout ratio is presently 27.03%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BAH. The Goldman Sachs Group downgraded shares of Booz Allen Hamilton from a "neutral" rating to a "sell" rating and reduced their price target for the company from $108.00 to $94.00 in a research note on Wednesday, May 28th. Stifel Nicolaus boosted their price target on shares of Booz Allen Hamilton from $112.00 to $119.00 and gave the stock a "hold" rating in a research note on Monday, July 28th. Wall Street Zen lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Saturday, May 24th. William Blair raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Booz Allen Hamilton from $115.00 to $122.00 and gave the stock an "underweight" rating in a report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of "Hold" and a consensus price target of $134.00.

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.