Booz Allen Hamilton (NYSE:BAH) had its price objective boosted by Credit Suisse Group from $46.00 to $49.00 in a research note released on Wednesday, May 30th. Credit Suisse Group currently has an outperform rating on the business services provider’s stock.
Several other equities analysts have also recently weighed in on BAH. SunTrust Banks raised their target price on shares of Booz Allen Hamilton from $47.00 to $51.00 and gave the company a buy rating in a research note on Wednesday, May 30th. Zacks Investment Research raised shares of Booz Allen Hamilton from a hold rating to a buy rating and set a $47.00 target price for the company in a research note on Friday, May 25th. Cowen reissued a buy rating and issued a $50.00 price objective on shares of Booz Allen Hamilton in a research note on Friday, May 18th. ValuEngine cut shares of Booz Allen Hamilton from a buy rating to a hold rating in a research note on Wednesday, May 2nd. Finally, Citigroup lifted their price objective on shares of Booz Allen Hamilton from $40.00 to $41.00 and gave the stock a neutral rating in a research note on Tuesday, April 10th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and an average price target of $45.04.
Booz Allen Hamilton traded up $0.25, hitting $45.46, during trading on Wednesday, according to Marketbeat. The company’s stock had a trading volume of 955,358 shares, compared to its average volume of 826,656. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 3.17. Booz Allen Hamilton has a one year low of $31.06 and a one year high of $45.73. The company has a market capitalization of $6.42 billion, a PE ratio of 22.62, a PEG ratio of 1.55 and a beta of 1.24.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, June 14th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, June 13th. This represents a $0.76 annualized dividend and a dividend yield of 1.67%. Booz Allen Hamilton’s dividend payout ratio is currently 37.81%.
In other news, Director Ralph W. Shrader sold 30,000 shares of the business’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $38.22, for a total value of $1,146,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ralph W. Shrader sold 200,000 shares of Booz Allen Hamilton stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $38.92, for a total transaction of $7,784,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 455,498 shares of company stock valued at $18,476,193. Company insiders own 3.04% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Bray Capital Advisors purchased a new position in shares of Booz Allen Hamilton in the 1st quarter worth approximately $108,000. American International Group Inc. purchased a new position in shares of Booz Allen Hamilton in the 4th quarter worth approximately $128,000. Camelot Portfolios LLC purchased a new position in shares of Booz Allen Hamilton in the 4th quarter worth approximately $220,000. TLP Group LLC grew its position in shares of Booz Allen Hamilton by 23.5% in the 1st quarter. TLP Group LLC now owns 6,591 shares of the business services provider’s stock worth $255,000 after buying an additional 1,256 shares during the last quarter. Finally, Opus Capital Group LLC purchased a new position in shares of Booz Allen Hamilton in the 1st quarter worth approximately $265,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.
Booz Allen Hamilton Company Profile
Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
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