MWA Asset Management Makes New Investment in Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Key Points

• MWA Asset Management acquired a new stake in Booz Allen Hamilton valued at approximately $753,000, adding 7,202 shares during the first quarter.
• Several large investors, including Schroder Investment Management and Franklin Resources, significantly increased their positions in Booz Allen Hamilton during the fourth quarter.
• Booz Allen Hamilton declared a quarterly dividend of $0.55 per share, with an annualized yield of 2.0%, to be paid on August 29th.

MWA Asset Management purchased a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,202 shares of the business services provider's stock, valued at approximately $753,000.

A number of other hedge funds also recently modified their holdings of the business. FIL Ltd raised its holdings in shares of Booz Allen Hamilton by 63.3% during the fourth quarter. FIL Ltd now owns 153,343 shares of the business services provider's stock valued at $19,735,000 after purchasing an additional 59,440 shares during the period. Capital World Investors increased its position in shares of Booz Allen Hamilton by 591.1% during the fourth quarter. Capital World Investors now owns 349,917 shares of the business services provider's stock worth $45,034,000 after acquiring an additional 299,283 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Booz Allen Hamilton by 10.2% during the first quarter. Asset Management One Co. Ltd. now owns 52,889 shares of the business services provider's stock worth $5,531,000 after acquiring an additional 4,905 shares in the last quarter. Natixis grew its position in Booz Allen Hamilton by 3,032.5% in the 4th quarter. Natixis now owns 42,163 shares of the business services provider's stock worth $5,426,000 after purchasing an additional 40,817 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Booz Allen Hamilton in the 4th quarter worth about $11,715,000. Institutional investors and hedge funds own 91.82% of the company's stock.

Booz Allen Hamilton Stock Performance

Shares of BAH stock traded up $0.15 during trading on Tuesday, reaching $111.58. 1,629,772 shares of the company's stock traded hands, compared to its average volume of 2,109,040. The company has a market capitalization of $13.75 billion, a P/E ratio of 13.71, a PEG ratio of 1.74 and a beta of 0.47. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 3.66. The firm's 50-day moving average is $105.95 and its 200 day moving average is $113.48. Booz Allen Hamilton Holding Corporation has a 1 year low of $98.95 and a 1 year high of $190.59.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The business services provider reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.03. The company had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.96 billion. Booz Allen Hamilton had a net margin of 8.70% and a return on equity of 73.05%. During the same period in the prior year, the company posted $1.38 EPS. Booz Allen Hamilton's revenue was down .6% compared to the same quarter last year. Equities research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group set a $119.00 price objective on shares of Booz Allen Hamilton and gave the stock a "neutral" rating in a research report on Monday, July 28th. Raymond James Financial reaffirmed a "market perform" rating on shares of Booz Allen Hamilton in a research report on Friday, May 23rd. William Blair raised shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a research report on Monday, July 21st. Wells Fargo & Company reduced their price objective on shares of 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, Wall Street Zen downgraded shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $134.00.

Booz Allen Hamilton Profile

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.