Norges Bank Takes $143.75 Million Position in Booz Allen Hamilton Holding Corporation $BAH

Norges Bank acquired a new stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,703,989 shares of the business services provider’s stock, valued at approximately $143,749,000.

A number of other large investors have also recently made changes to their positions in BAH. AQR Capital Management LLC grew its holdings in shares of Booz Allen Hamilton by 48.6% during the third quarter. AQR Capital Management LLC now owns 3,812,243 shares of the business services provider’s stock valued at $377,488,000 after buying an additional 1,246,451 shares during the last quarter. Primecap Management Co. CA boosted its holdings 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 valued at $198,285,000 after purchasing an additional 716,780 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Booz Allen Hamilton by 1,269.7% in the third quarter. Victory Capital Management Inc. now owns 665,152 shares of the business services provider’s stock valued at $66,482,000 after purchasing an additional 616,591 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Booz Allen Hamilton by 4.4% in the third quarter. Vanguard Group Inc. now owns 13,719,306 shares of the business services provider’s stock valued at $1,371,245,000 after purchasing an additional 582,069 shares during the last quarter. Finally, Two Sigma Investments LP boosted its holdings in Booz Allen Hamilton by 410.8% in the third quarter. Two Sigma Investments LP now owns 720,230 shares of the business services provider’s stock valued at $71,987,000 after purchasing an additional 579,222 shares during the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. UBS Group reaffirmed a “neutral” rating and issued a $83.00 price target on shares of Booz Allen Hamilton in a report on Tuesday, May 26th. Citigroup lowered their price target on shares of Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Jefferies Financial Group set a $85.00 price target on shares of Booz Allen Hamilton in a report on Monday, May 11th. JPMorgan Chase & Co. lowered their price target on shares of Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, May 26th. Finally, Truist Financial lowered their price target on shares of Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $88.00.

Booz Allen Hamilton Trading Down 2.0%

Shares of Booz Allen Hamilton stock opened at $78.69 on Thursday. The firm has a 50-day simple moving average of $78.88 and a two-hundred day simple moving average of $82.91. The company has a market cap of $9.42 billion, a P/E ratio of 11.42, a price-to-earnings-growth ratio of 4.57 and a beta of 0.32. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $68.83 and a fifty-two week high of $120.04. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.78 and a current ratio of 1.78.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, May 22nd. The business services provider reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.46. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The company’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.61 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. As a group, equities analysts predict that Booz Allen Hamilton Holding Corporation will post 6.26 earnings per share for the current fiscal year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Wednesday, June 10th will be given a $0.59 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.0%. Booz Allen Hamilton’s dividend payout ratio is 34.25%.

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.