Booz Allen Hamilton Holding Corporation (NYSE:BAH - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $75.37 and traded as high as $75.92. Booz Allen Hamilton shares last traded at $74.0190, with a volume of 1,423,314 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts have commented on the stock. TD Cowen dropped their price objective on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a "hold" rating for the company in a report on Tuesday, July 7th. Stifel Nicolaus set a $110.00 target price on Booz Allen Hamilton and gave the stock a "buy" rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. decreased their target price on Booz Allen Hamilton from $97.00 to $85.00 and set an "underweight" rating on the stock in a research report on Tuesday, May 26th. Truist Financial dropped their price target on Booz Allen Hamilton from $85.00 to $70.00 and set a "hold" rating for the company in a research note on Friday, July 10th. Finally, UBS Group raised their price target on Booz Allen Hamilton from $70.00 to $78.00 and gave the company a "neutral" rating in a report on Monday, July 27th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average target price of $84.08.
Check Out Our Latest Stock Report on Booz Allen Hamilton
Booz Allen Hamilton Stock Down 1.6%
The company has a debt-to-equity ratio of 3.26, a current ratio of 1.60 and a quick ratio of 1.59. The company's 50-day simple moving average is $68.71 and its 200 day simple moving average is $75.37. The firm has a market cap of $8.90 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 3.89 and a beta of 0.34.
Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings data on Friday, July 24th. The business services provider reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.49 by $0.32. The business had revenue of $1.97 billion during the quarter, compared to analysts' expectations of $2.81 billion. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. The business's revenue was down 4.2% on a year-over-year basis. During the same period last year, the company posted $1.48 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.32 EPS for the current fiscal year.
Booz Allen Hamilton Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a $0.59 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.36 annualized dividend and a yield of 3.2%. Booz Allen Hamilton's dividend payout ratio (DPR) is currently 37.11%.
Institutional Investors Weigh In On Booz Allen Hamilton
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Booz Allen Hamilton by 22.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,167 shares of the business services provider's stock valued at $2,737,000 after purchasing an additional 4,870 shares during the last quarter. NewEdge Advisors LLC boosted its stake in Booz Allen Hamilton by 365.0% during the first quarter. NewEdge Advisors LLC now owns 11,750 shares of the business services provider's stock worth $1,229,000 after buying an additional 9,223 shares during the period. Sivia Capital Partners LLC boosted its stake in Booz Allen Hamilton by 53.7% during the second quarter. Sivia Capital Partners LLC now owns 4,460 shares of the business services provider's stock worth $464,000 after buying an additional 1,559 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Booz Allen Hamilton by 132.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,429 shares of the business services provider's stock worth $149,000 after buying an additional 815 shares during the period. Finally, Cresset Asset Management LLC increased its position in Booz Allen Hamilton by 6.2% during the second quarter. Cresset Asset Management LLC now owns 3,257 shares of the business services provider's stock valued at $339,000 after acquiring an additional 191 shares during the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.
About Booz Allen Hamilton
(
Get Free Report)
Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.
Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.
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