Eagle Asset Management Inc. Boosts Stock Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Eagle Asset Management Inc. boosted its stake in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 3.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 957,300 shares of the business services provider’s stock after buying an additional 32,897 shares during the quarter. Booz Allen Hamilton makes up approximately 0.8% of Eagle Asset Management Inc.’s portfolio, making the stock its 21st largest holding. Eagle Asset Management Inc. owned approximately 0.75% of Booz Allen Hamilton worth $155,810,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BAH. Cetera Investment Advisers grew its position in shares of Booz Allen Hamilton by 142.5% in the first quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock valued at $4,248,000 after purchasing an additional 16,815 shares in the last quarter. Cumberland Partners Ltd grew its position in Booz Allen Hamilton by 39.5% in the third quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock worth $8,411,000 after acquiring an additional 14,620 shares during the period. CreativeOne Wealth LLC purchased a new stake in Booz Allen Hamilton in the 1st quarter valued at about $955,000. Natixis purchased a new position in Booz Allen Hamilton during the first quarter worth about $893,000. Finally, Covestor Ltd increased its position in shares of Booz Allen Hamilton by 150.8% during the first quarter. Covestor Ltd now owns 306 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 184 shares during the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Price Performance

Shares of NYSE BAH opened at $149.52 on Friday. The company has a market cap of $19.10 billion, a PE ratio of 23.47, a P/E/G ratio of 1.66 and a beta of 0.58. Booz Allen Hamilton Holding Co. has a 1-year low of $123.17 and a 1-year high of $190.59. The stock has a fifty day moving average price of $164.99 and a 200 day moving average price of $156.90. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be given a dividend of $0.51 per share. The ex-dividend date is Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.36%. Booz Allen Hamilton’s payout ratio is currently 32.03%.

Insider Buying and Selling

In other news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,173 shares of company stock valued at $1,989,220. 1.59% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BAH. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Jefferies Financial Group downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their price objective for the company from $180.00 to $190.00 in a report on Monday, November 4th. Truist Financial boosted their price target on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a research note on Monday, October 28th. Barclays raised their target price on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Finally, TD Cowen dropped their price objective on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Hold” and an average price target of $180.63.

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.