Booz Allen Hamilton (NYSE:BAH) Stock Price Down 3.7% - Should You Sell?
Booz Allen Hamilton's stock (NYSE:BAH) fell 3.7% to $112.26 amid increased trading volume. Analysts have mixed ratings, with one sell, six hold, five buy, and one strong buy. Price targets range from $150 to $200. The company reported $1.55 EPS, exceeding estimates, and recently increased its quarterly dividend to $0.55. Institutional investors have been active, with JPMorgan and First Trust increasing their stakes significantly. The average analyst rating is 'Hold' with a target price of $158.27.
Booz Allen Hamilton Holding Co. (NYSE:BAH - Get Free Report)'s share price traded down 3.7% during mid-day trading on Wednesday . The stock traded as low as $112.41 and last traded at $112.26. 1,475,107 shares changed hands during mid-day trading, an increase of 20% from the average session volume of 1,224,397 shares. The stock had previously closed at $116.52.
Get Booz Allen Hamilton alerts:
Wall Street Analysts Forecast Growth
- Palantir’s Momentum Persists Despite Market Worries
Several research analysts have recently issued reports on the stock. TD Cowen decreased their price objective on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a "buy" rating for the company in a report on Wednesday, January 8th. Raymond James upgraded shares of Booz Allen Hamilton from a "market perform" rating to an "outperform" rating and set a $150.00 price objective for the company in a report on Monday, February 3rd. UBS Group began coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They issued a "neutral" rating and a $159.00 price objective for the company. Truist Financial cut their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a "hold" rating for the company in a research note on Friday, November 22nd. Finally, StockNews.com lowered shares of Booz Allen Hamilton from a "buy" rating to a "hold" rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of "Hold" and an average price target of $158.27.
View Our Latest Stock Analysis on BAH
Booz Allen Hamilton Trading Up 0.6 %
- Will Positive Earnings Change the Trajectory of Booz Allen Hamilton Stock?
The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.72. The firm has a market cap of $13.20 billion, a PE ratio of 15.53, a P/E/G ratio of 1.25 and a beta of 0.56. The company's 50-day moving average is $121.96 and its 200 day moving average is $142.47.
Booz Allen Hamilton (NYSE:BAH - Get Free Report) last released its earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. As a group, sell-side analysts predict that Booz Allen Hamilton Holding Co. will post 6.44 EPS for the current year.
Booz Allen Hamilton Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were given a $0.55 dividend. This is an increase from Booz Allen Hamilton's previous quarterly dividend of $0.51. The ex-dividend date was Friday, February 14th. This represents a $2.20 dividend on an annualized basis and a yield of 2.11%. Booz Allen Hamilton's dividend payout ratio is presently 32.79%.
Institutional Investors Weigh In On Booz Allen Hamilton
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BAH. JPMorgan Chase & Co. increased its stake in shares of Booz Allen Hamilton by 12.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,518,386 shares of the business services provider's stock worth $581,516,000 after purchasing an additional 501,725 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Booz Allen Hamilton by 15.3% during the 4th quarter. First Trust Advisors LP now owns 2,804,642 shares of the business services provider's stock worth $360,957,000 after purchasing an additional 371,390 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Booz Allen Hamilton by 2.5% during the 3rd quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider's stock worth $381,898,000 after purchasing an additional 58,038 shares during the last quarter. Janus Henderson Group PLC grew its stake in Booz Allen Hamilton by 179.7% in the 4th quarter. Janus Henderson Group PLC now owns 1,767,129 shares of the business services provider's stock valued at $227,425,000 after buying an additional 1,135,426 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Booz Allen Hamilton by 61.4% in the 4th quarter. Bank of America Corp DE now owns 1,552,217 shares of the business services provider's stock worth $199,770,000 after purchasing an additional 590,655 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company's stock.
Booz Allen Hamilton Company Profile
(Get 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.
Featured Articles
- Five stocks we like better than Booz Allen Hamilton
- How Investors Can Find the Best Cheap Dividend Stocks
- FedEx Delivers Another Crushing Blow to Its Stock Price
- How to find penny stocks to invest and trade
- Analysts Stay Bullish on Rocket Lab as Signs of a Bottom Emerge
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Micron Stock Will Retest All-Time Highs This Year
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Should You Invest $1,000 in Booz Allen Hamilton Right Now?
Before you consider Booz Allen Hamilton, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Booz Allen Hamilton wasn't on the list.
While Booz Allen Hamilton currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
