Booz Allen Hamilton (NYSE:BAH) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Booz Allen Hamilton (NYSE:BAH) from a buy rating to a hold rating in a research note published on Sunday morning,Wall Street Zen reports.

Several other research firms have also weighed in on BAH. Truist Financial raised Booz Allen Hamilton from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $70.00 to $85.00 in a research report on Thursday, October 8th. Cantor Fitzgerald cut their target price on Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. UBS Group upped their target price on Booz Allen Hamilton from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Bank of America decreased their target price on Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating for the company in a research note on Monday, July 20th. Finally, Jefferies Financial Group lowered their target price on Booz Allen Hamilton from $80.00 to $75.00 and set a “hold” rating for the company in a report on Wednesday, October 7th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $85.62.

Booz Allen Hamilton Trading Down 1.7%

BAH opened at $72.34 on Friday. Booz Allen Hamilton has a twelve month low of $59.50 and a twelve month high of $109.10. The company has a fifty day moving average of $74.46 and a 200-day moving average of $73.92. The stock has a market cap of $8.70 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 1.77 and a beta of 0.37. The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 3.26.

Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.32. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.81 billion. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. Booz Allen Hamilton’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.48 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. On average, sell-side analysts predict that Booz Allen Hamilton will post 6.34 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.59 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.36 annualized dividend and a yield of 3.3%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 37.11%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. boosted its position in Booz Allen Hamilton by 38.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 6,528,226 shares of the business services provider’s stock worth $550,722,000 after purchasing an additional 1,811,906 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Booz Allen Hamilton by 1.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,590,848 shares of the business services provider’s stock valued at $208,226,000 after purchasing an additional 45,276 shares during the period. Black Creek Investment Management Inc. grew its stake in Booz Allen Hamilton by 20.0% in the 4th quarter. Black Creek Investment Management Inc. now owns 2,505,178 shares of the business services provider’s stock valued at $211,337,000 after purchasing an additional 416,702 shares during the period. Dimensional Fund Advisors LP grew its stake in Booz Allen Hamilton by 12.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,352,790 shares of the business services provider’s stock valued at $105,567,000 after purchasing an additional 151,166 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Booz Allen Hamilton by 2.6% during the 1st quarter. Bank of America Corp DE now owns 1,117,280 shares of the business services provider’s stock valued at $87,181,000 after purchasing an additional 28,462 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a management and technology consulting company that primarily serves the U.S. government, including defense, intelligence, civil, and health agencies. The company helps clients address complex national security, public-sector, and business challenges through consulting, engineering, technology integration, and mission-support services.

Its capabilities include artificial intelligence and data analytics, cybersecurity, digital transformation, cloud computing, systems engineering, software development, program management, and organizational strategy.