Thurston Springer Miller Herd & Titak Inc. Boosts Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Thurston Springer Miller Herd & Titak Inc. raised its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 87.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,281 shares of the business services provider’s stock after acquiring an additional 596 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Booz Allen Hamilton were worth $165,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Peterson Financial Group Inc. bought a new position in shares of Booz Allen Hamilton in the 3rd quarter worth approximately $31,000. Gilliland Jeter Wealth Management LLC purchased a new stake in Booz Allen Hamilton during the third quarter valued at approximately $45,000. Kennebec Savings Bank bought a new position in Booz Allen Hamilton in the third quarter worth approximately $60,000. Matrix Trust Co boosted its stake in shares of Booz Allen Hamilton by 734.8% during the 4th quarter. Matrix Trust Co now owns 743 shares of the business services provider’s stock worth $96,000 after acquiring an additional 654 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of Booz Allen Hamilton by 87.2% during the 3rd quarter. Covestor Ltd now owns 629 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 293 shares during the period. 91.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Booz Allen Hamilton

In related news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were 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 of the company’s stock, valued at $4,886,970. This represents a 12.07 % decrease in their position. The disclosure for this sale can be found here. 1.59% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BAH has been the topic of a number of recent research reports. Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 target price on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $154.00 to $158.00 in a research note on Wednesday, October 2nd. TD Cowen cut their price objective on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their target price for the stock from $180.00 to $190.00 in a research note on Monday, November 4th. Finally, Truist Financial dropped their price target on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Hold” and a consensus price target of $161.78.

Booz Allen Hamilton Trading Up 0.2 %

BAH stock opened at $136.41 on Friday. 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 Holding Co. has a 1-year low of $125.88 and a 1-year high of $190.59. The business has a 50 day simple moving average of $141.15 and a two-hundred day simple moving average of $152.18. The company has a market capitalization of $17.43 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 1.59 and a beta of 0.55.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Friday, November 15th were paid a dividend of $0.51 per share. The ex-dividend date was Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.50%. Booz Allen Hamilton’s payout ratio is 32.03%.

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.