Booz Allen Hamilton (NYSE:BAH) Sets New 12-Month High – Here’s Why

Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $190.07 and last traded at $187.37, with a volume of 12535 shares. The stock had previously closed at $185.28.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BAH. TD Cowen reduced their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. The Goldman Sachs Group increased their price objective on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Barclays increased their price target on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $180.63.

Booz Allen Hamilton Trading Up 4.3 %

The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76. The business’s 50-day moving average is $163.93 and its two-hundred day moving average is $155.90. The firm has a market cap of $23.44 billion, a P/E ratio of 27.59, a P/E/G ratio of 2.51 and a beta of 0.58.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Friday, November 15th. Booz Allen Hamilton’s payout ratio is 32.03%.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Matthew Calderone sold 4,065 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $670,725.00. Following the transaction, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard Crowe sold 4,243 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the transaction, the executive vice president now owns 25,496 shares of the company’s stock, valued at $4,206,840. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock worth $1,989,220 in the last 90 days. 1.59% of the stock is currently owned by company insiders.

Institutional Trading of Booz Allen Hamilton

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new position in shares of Booz Allen Hamilton during the second quarter valued at approximately $26,000. OFI Invest Asset Management acquired a new position in shares of Booz Allen Hamilton during the 2nd quarter valued at $29,000. Peterson Financial Group Inc. bought a new stake in shares of Booz Allen Hamilton in the 3rd quarter worth $31,000. Innealta Capital LLC acquired a new stake in shares of Booz Allen Hamilton in the second quarter valued at $34,000. Finally, Crewe Advisors LLC bought a new position in Booz Allen Hamilton during the first quarter valued at about $35,000. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Company 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.