Thoroughbred Financial Services LLC Takes $604,000 Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)
Thoroughbred Financial Services LLC acquired a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH) during the second quarter, purchasing 3,926 shares valued at approximately $000. Other institutional investors also adjusted their stakes in the company. Analysts have mixed ratings on Booz Allen Hamilton, with one sell rating, three hold ratings, and six buy ratings. The stock has a market cap of $4.48 billion and a current price of $39.39. The company reported earnings of $0.38 per share, missing estimates, and announced a quarterly dividend.
Thoroughbred Financial Services LLC purchased a new position in Booz Allen Hamilton Holding Co. (NYSE:BAH - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,926 shares of the business services provider's stock, valued at approximately $604,000.
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Several other institutional investors have also recently added to or reduced their stakes in the stock. Opal Wealth Advisors LLC bought a new position in Booz Allen Hamilton during the second quarter worth $26,000. OFI Invest Asset Management bought a new position in shares of Booz Allen Hamilton in the 2nd quarter worth about $29,000. Banque Cantonale Vaudoise boosted its holdings in shares of Booz Allen Hamilton by 112.4% in 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 during the period. MCF Advisors LLC grew its position in shares of Booz Allen Hamilton by 103.6% during the 1st quarter. MCF Advisors LLC now owns 226 shares of the business services provider's stock valued at $34,000 after buying an additional 115 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in Booz Allen Hamilton during the second quarter worth about $34,000. 91.82% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on BAH. Stifel Nicolaus raised their price target on Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, May 21st. Barclays cut their price objective on shares of Booz Allen Hamilton from $153.00 to $142.00 and set an "underweight" rating on the stock in a research report on Tuesday, July 30th. Truist Financial upped their target price on shares of Booz Allen Hamilton from $140.00 to $165.00 and gave the stock a "hold" rating in a research report on Thursday, September 5th. Jefferies Financial Group increased their price objective on Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a "buy" rating in a report on Wednesday, May 29th. Finally, Wells Fargo & Company raised Booz Allen Hamilton from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $168.00 to $165.00 in a research note on Monday, July 29th. One 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $159.33.
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Insiders Place Their Bets
In other Booz Allen Hamilton news, Director Melody C. Barnes sold 1,041 shares of the business's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $143.31, for a total value of $149,185.71. Following the completion of the sale, the director now owns 18,123 shares of the company's stock, valued at $2,597,207.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.59% of the company's stock.
Booz Allen Hamilton Stock Up 0.9 %
NYSE:BAH opened at $158.39 on Tuesday. The firm has a market capitalization of $20.48 billion, a price-to-earnings ratio of 34.43, a PEG ratio of 2.19 and a beta of 0.59. Booz Allen Hamilton Holding Co. has a 1-year low of $106.90 and a 1-year high of $164.43. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 3.07. The business's fifty day moving average price is $152.02 and its 200 day moving average price is $150.43.
Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its earnings results on Friday, July 26th. The business services provider reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.14). Booz Allen Hamilton had a return on equity of 65.80% and a net margin of 5.57%. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.92 billion. On average, sell-side analysts forecast that Booz Allen Hamilton Holding Co. will post 5.96 earnings per share for the current fiscal year.
Booz Allen Hamilton Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were given a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Wednesday, August 14th. Booz Allen Hamilton's payout ratio is currently 44.35%.
Booz Allen Hamilton Profile
(Free Report)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 focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.
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