GW&K Investment Management LLC Sells 274,335 Shares of Booz Allen Hamilton Holding Corporation $BAH

GW&K Investment Management LLC decreased its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 98.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,074 shares of the business services provider’s stock after selling 274,335 shares during the quarter. GW&K Investment Management LLC’s holdings in Booz Allen Hamilton were worth $307,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Mediolanum International Funds Ltd increased its position in Booz Allen Hamilton by 28.6% during the third quarter. Mediolanum International Funds Ltd now owns 73,404 shares of the business services provider’s stock valued at $7,259,000 after acquiring an additional 16,304 shares during the last quarter. Primecap Management Co. CA boosted its position in Booz Allen Hamilton by 56.6% in the third quarter. Primecap Management Co. CA now owns 1,983,838 shares of the business services provider’s stock worth $198,285,000 after purchasing an additional 716,780 shares during the last quarter. Sage Rhino Capital LLC purchased a new position in Booz Allen Hamilton in the third quarter worth about $997,000. Midwest Trust Co grew its stake in shares of Booz Allen Hamilton by 13.4% during the 3rd quarter. Midwest Trust Co now owns 119,587 shares of the business services provider’s stock valued at $11,953,000 after purchasing an additional 14,134 shares during the period. Finally, National Pension Service grew its stake in shares of Booz Allen Hamilton by 88.1% during the 3rd quarter. National Pension Service now owns 30,058 shares of the business services provider’s stock valued at $3,004,000 after purchasing an additional 14,077 shares during the period. Institutional investors own 91.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of Booz Allen Hamilton from $93.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Truist Financial set a $98.00 target price on shares of Booz Allen Hamilton in a research report on Friday, January 23rd. Weiss Ratings upgraded shares of Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday. DA Davidson set a $81.00 price target on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. Finally, Jefferies Financial Group cut their price objective on shares of Booz Allen Hamilton from $100.00 to $95.00 and set a “hold” rating for the company in a research report on Thursday, December 18th. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Booz Allen Hamilton has an average rating of “Reduce” and a consensus target price of $101.25.

Booz Allen Hamilton Stock Up 2.5%

BAH stock opened at $81.79 on Friday. The business’s 50-day moving average price is $86.42 and its 200-day moving average price is $91.50. The stock has a market cap of $9.86 billion, a P/E ratio of 12.15, a PEG ratio of 4.81 and a beta of 0.37. Booz Allen Hamilton Holding Corporation has a twelve month low of $73.93 and a twelve month high of $130.91. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 3.76.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, January 23rd. The business services provider reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.51. Booz Allen Hamilton had a net margin of 7.35% and a return on equity of 76.79%. The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter last year, the business earned $1.55 EPS. The firm’s revenue was down 10.2% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2026 guidance at 5.950-6.150 EPS. On average, equities research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current year.

Booz Allen Hamilton Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Friday, February 13th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, February 13th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.55. Booz Allen Hamilton’s payout ratio is 35.07%.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.