Brevan Howard Capital Management LP decreased its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 57.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,109 shares of the business services provider’s stock after selling 38,969 shares during the period. Brevan Howard Capital Management LP’s holdings in Booz Allen Hamilton were worth $2,909,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Booz Allen Hamilton during the 2nd quarter worth about $168,069,000. AQR Capital Management LLC boosted its stake in shares of Booz Allen Hamilton by 48.6% in the 3rd quarter. AQR Capital Management LLC now owns 3,812,243 shares of the business services provider’s stock valued at $377,488,000 after purchasing an additional 1,246,451 shares during the last quarter. Primecap Management Co. CA grew its position in shares of Booz Allen Hamilton by 2,011.8% during the 2nd quarter. Primecap Management Co. CA now owns 1,267,058 shares of the business services provider’s stock worth $131,939,000 after buying an additional 1,207,058 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Booz Allen Hamilton by 49.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,345,982 shares of the business services provider’s stock worth $240,698,000 after buying an additional 779,156 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Booz Allen Hamilton by 1,269.7% during the third quarter. Victory Capital Management Inc. now owns 665,152 shares of the business services provider’s stock worth $66,482,000 after buying an additional 616,591 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.
Booz Allen Hamilton Price Performance
BAH stock opened at $75.76 on Tuesday. The stock has a 50-day moving average price of $85.48 and a two-hundred day moving average price of $90.03. Booz Allen Hamilton Holding Corporation has a 1 year low of $73.93 and a 1 year high of $130.91. The stock has a market cap of $9.14 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 4.59 and a beta of 0.37. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 3.76.
Booz Allen Hamilton Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Friday, February 13th were given a dividend of $0.59 per share. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, February 13th. This represents a $2.36 dividend on an annualized basis and a yield of 3.1%. Booz Allen Hamilton’s payout ratio is currently 35.07%.
Analysts Set New Price Targets
BAH has been the topic of several analyst reports. Zacks Research upgraded shares of Booz Allen Hamilton from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Citigroup lifted their target price on shares of Booz Allen Hamilton from $93.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, January 13th. DA Davidson set a $81.00 target price on shares of Booz Allen Hamilton in a research report on Tuesday, January 27th. William Blair reissued an “outperform” rating on shares of Booz Allen Hamilton in a research note on Tuesday, March 3rd. Finally, Stifel Nicolaus raised their price target on Booz Allen Hamilton from $106.00 to $115.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $101.25.
Check Out Our Latest Analysis on Booz Allen Hamilton
Booz Allen Hamilton 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.
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