Shares of Booz Allen Hamilton Hldg (NYSE:BAH) hit a new 52-week high and low on Thursday . The stock traded as low as $41.13 and last traded at $40.87, with a volume of 210488 shares trading hands. The stock had previously closed at $40.96.
Several analysts have weighed in on BAH shares. Stifel Nicolaus reiterated a “buy” rating and issued a $50.00 price objective on shares of Booz Allen Hamilton in a research report on Tuesday, January 9th. Zacks Investment Research downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th. Cowen reiterated a “buy” rating and issued a $50.00 price objective on shares of Booz Allen Hamilton in a research report on Monday, February 5th. ValuEngine upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research report on Thursday, April 12th. Finally, Citigroup boosted their price objective on Booz Allen Hamilton from $40.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, April 10th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $41.85.
The company has a debt-to-equity ratio of 3.14, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market cap of $5,933.06, a P/E ratio of 23.34, a P/E/G ratio of 1.63 and a beta of 1.26.
Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Monday, February 5th. The business services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.52 billion. Booz Allen Hamilton had a return on equity of 50.81% and a net margin of 4.68%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 earnings per share. equities analysts forecast that Booz Allen Hamilton Hldg will post 1.94 earnings per share for the current fiscal year.
In related news, CFO Lloyd Howell, Jr. sold 11,276 shares of the company’s stock in a transaction on Monday, April 16th. The stock was sold at an average price of $40.25, for a total value of $453,859.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ralph W. Shrader sold 30,000 shares of the company’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $38.22, for a total value of $1,146,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 264,918 shares of company stock valued at $10,335,082. 3.04% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its stake in Booz Allen Hamilton by 8.2% in the second quarter. The Manufacturers Life Insurance Company now owns 4,603 shares of the business services provider’s stock worth $150,000 after purchasing an additional 347 shares during the period. Envestnet Asset Management Inc. grew its stake in Booz Allen Hamilton by 3.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 45,231 shares of the business services provider’s stock worth $1,724,000 after purchasing an additional 1,492 shares during the period. Washington Capital Management Inc. grew its stake in Booz Allen Hamilton by 20.4% in the fourth quarter. Washington Capital Management Inc. now owns 11,800 shares of the business services provider’s stock worth $450,000 after purchasing an additional 2,000 shares during the period. GSA Capital Partners LLP grew its stake in Booz Allen Hamilton by 10.7% in the third quarter. GSA Capital Partners LLP now owns 25,267 shares of the business services provider’s stock worth $945,000 after purchasing an additional 2,435 shares during the period. Finally, M&T Bank Corp grew its stake in shares of Booz Allen Hamilton by 27.2% in the fourth quarter. M&T Bank Corp now owns 12,384 shares of the business services provider’s stock worth $472,000 after acquiring an additional 2,646 shares during the last quarter. 93.55% of the stock is currently owned by institutional investors.
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About Booz Allen Hamilton
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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