Zacks Investment Research Lowers Booz Allen Hamilton (BAH) to Hold

Booz Allen Hamilton (NYSE:BAH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday, February 8th.

According to Zacks, “Booz Allen Hamilton Inc. is engaged in providing management and technology consulting services to the U.S. government in the defense, intelligence and civil markets. Technological services offered by the Company include Cyber technologies, SE&I, Systems development and Strategic technology and innovation. Its major clients include the Department of Defense, all branches of the U.S. military, the U.S. Intelligence Community, and civil agencies such as the Department of Homeland Security, the Department of Energy, the Department of Health and Human Services, the Department of the Treasury and the Environmental Protection Agency. Booz Allen Hamilton Inc. is headquartered in McLean, Virginia, the United States of America. “

Several other research analysts have also issued reports on BAH. Cowen reaffirmed a “buy” rating and set a $50.00 target price on shares of Booz Allen Hamilton in a research report on Monday, February 5th. Jefferies Group upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. ValuEngine downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th. SunTrust Banks assumed coverage on Booz Allen Hamilton in a research note on Friday, December 1st. They issued a “buy” rating and a $47.00 target price for the company. Finally, Wells Fargo & Co raised their price target on shares of Booz Allen Hamilton from $40.00 to $42.00 and gave the company an “outperform” rating in a research report on Wednesday, October 25th. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Booz Allen Hamilton currently has a consensus rating of “Buy” and an average target price of $41.32.

Booz Allen Hamilton (NYSE BAH) remained flat at $$38.30 during trading on Thursday. 975,413 shares of the company traded hands, compared to its average volume of 1,121,585. The company has a market cap of $5,555.90, a price-to-earnings ratio of 20.05, a P/E/G ratio of 1.92 and a beta of 1.30. Booz Allen Hamilton has a 52-week low of $31.06 and a 52-week high of $40.25. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.49 and a quick ratio of 1.49.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Monday, February 5th. The business services provider reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.05. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Booz Allen Hamilton had a return on equity of 50.81% and a net margin of 4.68%. Booz Allen Hamilton’s revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. equities analysts anticipate that Booz Allen Hamilton will post 1.93 EPS for the current fiscal year.

In other Booz Allen Hamilton news, CFO Lloyd Howell, Jr. sold 11,745 shares of the company’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $39.50, for a total value of $463,927.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Susan L. Penfield sold 30,022 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $38.31, for a total transaction of $1,150,142.82. The disclosure for this sale can be found here. Insiders sold 182,135 shares of company stock valued at $7,226,660 over the last quarter. 3.04% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in BAH. Citadel Advisors LLC grew its holdings in Booz Allen Hamilton by 120.4% in the third quarter. Citadel Advisors LLC now owns 2,877,330 shares of the business services provider’s stock worth $107,583,000 after purchasing an additional 1,571,542 shares during the period. First Trust Advisors LP grew its holdings in shares of Booz Allen Hamilton by 3,184.4% during the fourth quarter. First Trust Advisors LP now owns 631,557 shares of the business services provider’s stock valued at $24,081,000 after buying an additional 612,328 shares during the last quarter. Channing Capital Management LLC grew its holdings in shares of Booz Allen Hamilton by 21.9% during the fourth quarter. Channing Capital Management LLC now owns 2,260,744 shares of the business services provider’s stock valued at $86,208,000 after buying an additional 406,171 shares during the last quarter. Artemis Investment Management LLP grew its holdings in shares of Booz Allen Hamilton by 78.6% during the third quarter. Artemis Investment Management LLP now owns 885,534 shares of the business services provider’s stock valued at $33,106,000 after buying an additional 389,614 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its holdings in shares of Booz Allen Hamilton by 61.4% during the fourth quarter. Thrivent Financial For Lutherans now owns 965,963 shares of the business services provider’s stock valued at $36,832,000 after buying an additional 367,413 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

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Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

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