Booz Allen Hamilton (NYSE:BAH) Shares Gap Up – Should You Buy?

Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) gapped up before the market opened on Friday . The stock had previously closed at $142.70, but opened at $147.66. Booz Allen Hamilton shares last traded at $144.60, with a volume of 165,137 shares trading hands.

Analysts Set New Price Targets

BAH has been the topic of several research analyst reports. Truist Financial dropped their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. The Goldman Sachs Group raised their target price on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Jefferies Financial Group lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their price objective for the company from $180.00 to $190.00 in a report on Monday, November 4th. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $171.67.

Booz Allen Hamilton Stock Up 2.3 %

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 company has a market cap of $18.65 billion, a PE ratio of 22.40, a price-to-earnings-growth ratio of 1.75 and a beta of 0.52. The business has a fifty day simple moving average of $162.72 and a two-hundred day simple moving average of $156.48.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 15th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.40%. Booz Allen Hamilton’s payout ratio is currently 32.03%.

Insider Buying and Selling at Booz Allen Hamilton

In other news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 25,496 shares in the company, valued at approximately $4,206,840. The trade was a 14.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Calderone sold 4,065 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $670,725.00. Following the transaction, the chief financial officer now owns 29,618 shares in the company, valued at $4,886,970. This represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,173 shares of company stock valued at $1,989,220 in the last three months. 1.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

Large investors have recently modified their holdings of the stock. AGF Management Ltd. raised its stake in shares of Booz Allen Hamilton by 63.4% during the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock worth $269,419,000 after buying an additional 679,280 shares in the last quarter. Westfield Capital Management Co. LP acquired a new stake in Booz Allen Hamilton in the third quarter valued at $48,349,000. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Booz Allen Hamilton by 28.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock worth $209,651,000 after purchasing an additional 285,621 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Booz Allen Hamilton by 184.0% in the 2nd quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider’s stock valued at $51,613,000 after purchasing an additional 217,349 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of Booz Allen Hamilton by 75.3% in the second quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider’s stock valued at $71,619,000 after purchasing an additional 199,871 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

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.