VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Booz Allen Hamilton Holding Corporation $BAH

Key Points

• Virginia Retirement Systems bought 12,900 shares of Booz Allen Hamilton in the second quarter, valued at approximately $783,000. Institutional investors collectively own 91.82% of the company.
• Booz Allen Hamilton reported quarterly EPS of $1.81, exceeding analyst estimates of $1.49, while revenue declined 4.2% year over year to $1.97 billion.
• The company pays a quarterly dividend of $0.59, equivalent to an annualized $2.36 and a 3.0% yield. Wall Street’s consensus rating is “Reduce,” with an average price target of $83.69.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,900 shares of the business services provider's stock, valued at approximately $783,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its holdings in shares of Booz Allen Hamilton by 5,743.0% in the 2nd quarter. California State Teachers Retirement System now owns 8,467,773 shares of the business services provider's stock valued at $513,740,000 after purchasing an additional 8,322,852 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Booz Allen Hamilton by 38.4% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider's stock worth $550,722,000 after purchasing an additional 1,811,906 shares during the period. Norges Bank purchased a new position in Booz Allen Hamilton during the fourth quarter valued at approximately $143,749,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Booz Allen Hamilton during the second quarter valued at approximately $51,325,000. Finally, Bank of New York Mellon Corp increased its stake in Booz Allen Hamilton by 135.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,227,893 shares of the business services provider's stock valued at $103,585,000 after buying an additional 705,930 shares during the period. Hedge funds and other institutional investors own 91.82% of the company's stock.

Booz Allen Hamilton Stock Up 4.2%

Shares of BAH stock opened at $79.11 on Tuesday. The stock's 50 day simple moving average is $71.86 and its 200 day simple moving average is $74.74. Booz Allen Hamilton Holding Corporation has a twelve month low of $59.50 and a twelve month high of $109.10. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.59 and a current ratio of 1.60. The company has a market capitalization of $9.52 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 3.92 and a beta of 0.36.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its quarterly earnings results on Friday, July 24th. The business services provider reported $1.81 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.32. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter last year, the firm posted $1.48 earnings per share. The company's quarterly revenue was down 4.2% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. As a group, research analysts predict that Booz Allen Hamilton Holding Corporation will post 6.33 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.59 dividend. The ex-dividend date was Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.0%. Booz Allen Hamilton's payout ratio is presently 37.11%.

Wall Street Analyst Weigh In

BAH has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price objective on Booz Allen Hamilton from $97.00 to $85.00 and set an "underweight" rating for the company in a report on Tuesday, May 26th. Bank of America cut their price target on Booz Allen Hamilton from $90.00 to $75.00 and set an "underperform" rating for the company in a research note on Monday, July 20th. The Goldman Sachs Group lowered their price target on Booz Allen Hamilton from $74.00 to $65.00 and set a "sell" rating for the company in a research note on Tuesday, July 14th. Cantor Fitzgerald cut their price objective on shares of Booz Allen Hamilton from $160.00 to $140.00 and set an "overweight" rating on the stock in a research report on Thursday, July 23rd. Finally, BNP Paribas Exane initiated coverage on shares of Booz Allen Hamilton in a research note on Wednesday, May 27th. They set a "neutral" rating and a $80.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $83.69.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation, operating as Booz Allen Hamilton, is a management and technology consulting company that primarily serves the U.S. government. Its clients include defense, intelligence, civil government, and national security organizations, as well as select commercial and international customers.

The company provides consulting and technology services focused on artificial intelligence, data and analytics, cybersecurity, digital transformation, engineering, cloud computing, and mission operations.

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