Booz Allen Hamilton (NYSE:BAH) Now Covered by Analysts at Stifel Nicolaus

Stifel Nicolaus initiated coverage on shares of Booz Allen Hamilton (NYSE:BAH) in a report released on Tuesday, November 21st, Marketbeat.com reports. The firm issued a buy rating and a $46.00 price objective on the business services provider’s stock.

Several other equities research analysts also recently commented on BAH. Cowen restated a buy rating and issued a $41.00 price target on shares of Booz Allen Hamilton in a research report on Monday, August 7th. BidaskClub downgraded shares of Booz Allen Hamilton from a buy rating to a hold rating in a research report on Thursday, August 10th. Jefferies Group restated a hold rating and issued a $36.00 price target on shares of Booz Allen Hamilton in a research report on Thursday, September 21st. Vertical Research upgraded shares of Booz Allen Hamilton from a hold rating to a buy rating and set a $42.00 target price for the company in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of Booz Allen Hamilton from a hold rating to a buy rating and set a $42.00 target price for the company in a research report on Monday, October 9th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average target price of $40.95.

Shares of Booz Allen Hamilton (NYSE:BAH) traded down $0.01 during trading hours on Tuesday, reaching $38.11. 441,998 shares of the company were exchanged, compared to its average volume of 1,139,122. The company has a market capitalization of $5,570.00, a PE ratio of 20.96, a price-to-earnings-growth ratio of 2.39 and a beta of 1.28. Booz Allen Hamilton has a 1 year low of $31.06 and a 1 year high of $39.67. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 3.33.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Monday, November 6th. The business services provider reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Booz Allen Hamilton had a net margin of 4.52% and a return on equity of 48.30%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. research analysts predict that Booz Allen Hamilton will post 1.91 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Tuesday, November 14th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, November 13th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.13. This represents a $0.68 dividend on an annualized basis and a yield of 1.78%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 37.78%.

In other Booz Allen Hamilton news, insider Karen M. Dahut sold 46,406 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $38.02, for a total value of $1,764,356.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Elizabeth M. Thompson sold 28,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $36.69, for a total transaction of $1,027,320.00. The disclosure for this sale can be found here. Insiders sold a total of 104,406 shares of company stock worth $3,871,976 over the last quarter. 3.04% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in BAH. Advisor Group Inc. lifted its holdings in shares of Booz Allen Hamilton by 13.1% during the 2nd quarter. Advisor Group Inc. now owns 3,497 shares of the business services provider’s stock worth $113,000 after acquiring an additional 405 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in shares of Booz Allen Hamilton by 27.8% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 4,602 shares of the business services provider’s stock worth $150,000 after acquiring an additional 1,001 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Booz Allen Hamilton by 8.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,603 shares of the business services provider’s stock worth $150,000 after acquiring an additional 347 shares during the period. Tudor Investment Corp ET AL bought a new position in shares of Booz Allen Hamilton during the 2nd quarter worth about $206,000. Finally, Fiduciary Trust Co. bought a new position in shares of Booz Allen Hamilton during the 2nd quarter worth about $217,000. 92.60% of the stock is owned by institutional investors.

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About Booz Allen Hamilton

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.

Analyst Recommendations for Booz Allen Hamilton (NYSE:BAH)

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