Booz Allen Hamilton (NYSE:BAH) Sets New 52-Week High at $154.82

Booz Allen Hamilton Holding Co. (NYSE:BAH)’s share price hit a new 52-week high on Tuesday . The company traded as high as $154.82 and last traded at $154.09, with a volume of 51543 shares traded. The stock had previously closed at $152.88.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Booz Allen Hamilton from $141.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Jefferies Financial Group raised their price objective on Booz Allen Hamilton from $150.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Truist Financial boosted their target price on Booz Allen Hamilton from $120.00 to $145.00 and gave the stock a “hold” rating in a research note on Monday, January 29th. Wells Fargo & Company raised their price target on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Booz Allen Hamilton from $120.00 to $136.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $145.11.

Booz Allen Hamilton Stock Down 0.6 %

The stock has a 50-day moving average price of $146.18 and a 200-day moving average price of $135.99. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market capitalization of $19.71 billion, a P/E ratio of 49.31, a P/E/G ratio of 1.99 and a beta of 0.53.

Insiders Place Their Bets

In other news, CFO Matthew Calderone sold 1,500 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $146.51, for a total transaction of $219,765.00. Following the completion of the sale, the chief financial officer now directly owns 25,462 shares in the company, valued at $3,730,437.62. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CFO Matthew Calderone sold 1,500 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $146.51, for a total value of $219,765.00. Following the transaction, the chief financial officer now directly owns 25,462 shares of the company’s stock, valued at approximately $3,730,437.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Horacio Rozanski sold 49,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $145.69, for a total value of $7,138,810.00. Following the sale, the chief executive officer now directly owns 557,411 shares of the company’s stock, valued at approximately $81,209,208.59. The disclosure for this sale can be found here. Company insiders own 1.76% of the company’s stock.

Institutional Investors Weigh In On Booz Allen Hamilton

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Morgan Stanley raised its stake in Booz Allen Hamilton by 4.2% during the 3rd quarter. Morgan Stanley now owns 4,924,570 shares of the business services provider’s stock worth $538,108,000 after buying an additional 199,449 shares during the period. Ameriprise Financial Inc. raised its position in shares of Booz Allen Hamilton by 19.3% during the third quarter. Ameriprise Financial Inc. now owns 4,546,664 shares of the business services provider’s stock worth $497,084,000 after purchasing an additional 736,404 shares during the period. WCM Investment Management LLC lifted its holdings in shares of Booz Allen Hamilton by 0.5% in the 1st quarter. WCM Investment Management LLC now owns 4,252,168 shares of the business services provider’s stock worth $631,192,000 after purchasing an additional 22,708 shares in the last quarter. JPMorgan Chase & Co. grew its position in Booz Allen Hamilton by 30.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,968,252 shares of the business services provider’s stock valued at $324,341,000 after purchasing an additional 686,318 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in Booz Allen Hamilton by 64.1% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,992,096 shares of the business services provider’s stock valued at $217,676,000 after purchasing an additional 778,437 shares in the last quarter. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Company Profile

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.