Brokerages Set Booz Allen Hamilton Holding Co. (NYSE:BAH) Price Target at $145.11

Booz Allen Hamilton Holding Co. (NYSE:BAH) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $145.11.

Several equities research analysts recently weighed in on BAH shares. Jefferies Financial Group increased their target price on Booz Allen Hamilton from $150.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Truist Financial increased their target price on Booz Allen Hamilton from $120.00 to $145.00 and gave the company a “hold” rating in a report on Monday, January 29th. Wells Fargo & Company increased their target price on Booz Allen Hamilton from $138.00 to $158.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. increased their target price on Booz Allen Hamilton from $120.00 to $136.00 and gave the company a “neutral” rating in a report on Tuesday, February 6th. Finally, Barclays cut Booz Allen Hamilton from an “equal weight” rating to an “underweight” rating in a report on Friday, January 5th.

Insider Transactions at Booz Allen Hamilton

In other news, COO Kristine Anderson sold 5,068 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $139.88, for a total value of $708,911.84. Following the completion of the transaction, the chief operating officer now owns 71,656 shares of the company’s stock, valued at approximately $10,023,241.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Horacio Rozanski sold 49,000 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $145.69, for a total value of $7,138,810.00. Following the completion of the transaction, the chief executive officer now owns 557,411 shares of the company’s stock, valued at approximately $81,209,208.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Kristine Anderson sold 5,068 shares of the stock in a transaction that occurred on Friday, January 26th. The stock was sold at an average price of $139.88, for a total value of $708,911.84. Following the completion of the transaction, the chief operating officer now directly owns 71,656 shares of the company’s stock, valued at approximately $10,023,241.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,568 shares of company stock valued at $8,067,487. Corporate insiders own 1.76% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BAH. Janiczek Wealth Management LLC bought a new position in Booz Allen Hamilton during the 3rd quarter valued at approximately $25,000. VisionPoint Advisory Group LLC increased its position in Booz Allen Hamilton by 75.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 274 shares of the business services provider’s stock valued at $30,000 after buying an additional 118 shares in the last quarter. Acadian Asset Management LLC bought a new position in Booz Allen Hamilton during the 3rd quarter valued at approximately $31,000. Banque Cantonale Vaudoise increased its position in Booz Allen Hamilton by 112.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock valued at $31,000 after buying an additional 109 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. bought a new position in Booz Allen Hamilton during the 3rd quarter valued at approximately $34,000. Institutional investors own 91.82% of the company’s stock.

Booz Allen Hamilton Price Performance

BAH opened at $140.26 on Friday. The stock has a 50-day moving average price of $146.23 and a 200-day moving average price of $133.78. Booz Allen Hamilton has a 12-month low of $89.80 and a 12-month high of $150.59. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 3.10. The stock has a market capitalization of $18.20 billion, a P/E ratio of 45.25, a PEG ratio of 1.94 and a beta of 0.53.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, January 26th. The business services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.28. The company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Booz Allen Hamilton had a return on equity of 65.31% and a net margin of 3.96%. Booz Allen Hamilton’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 EPS. Equities analysts predict that Booz Allen Hamilton will post 5.4 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 12th were given a $0.51 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $2.04 annualized dividend and a dividend yield of 1.45%. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.47. Booz Allen Hamilton’s dividend payout ratio is currently 65.81%.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.