Northwestern Mutual Investment Management Company LLC Takes Position in Booz Allen Hamilton Holding Corporation $BAH

Northwestern Mutual Investment Management Company LLC purchased a new stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,140 shares of the business services provider’s stock, valued at approximately $2,290,000.

Other hedge funds have also made changes to their positions in the company. Mediolanum International Funds Ltd increased its position in shares of Booz Allen Hamilton by 28.6% in the third quarter. Mediolanum International Funds Ltd now owns 73,404 shares of the business services provider’s stock valued at $7,259,000 after buying an additional 16,304 shares in the last quarter. Primecap Management Co. CA increased its position in shares of 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 buying an additional 716,780 shares in the last quarter. Sage Rhino Capital LLC acquired a new stake in shares of Booz Allen Hamilton during the third quarter valued at $997,000. Citigroup Inc. boosted its stake in shares of Booz Allen Hamilton by 413.4% during the third quarter. Citigroup Inc. now owns 389,301 shares of the business services provider’s stock valued at $38,911,000 after acquiring an additional 313,472 shares during the last quarter. Finally, Midwest Trust Co boosted its stake in shares of Booz Allen Hamilton by 13.4% during the third quarter. Midwest Trust Co now owns 119,587 shares of the business services provider’s stock valued at $11,953,000 after acquiring an additional 14,134 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analyst Ratings Changes

BAH has been the topic of a number of analyst reports. Truist Financial decreased their price objective on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a research note on Monday, April 20th. UBS Group reaffirmed a “neutral” rating and set a $97.00 price objective on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. Wells Fargo & Company initiated coverage on Booz Allen Hamilton in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $85.00 price objective on the stock. Stifel Nicolaus increased their price objective on Booz Allen Hamilton from $106.00 to $115.00 and gave the company a “hold” rating in a research note on Monday, January 26th. Finally, DA Davidson set a $81.00 price objective on Booz Allen Hamilton in a research note on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $93.33.

Booz Allen Hamilton Stock Down 1.1%

Shares of NYSE:BAH opened at $72.60 on Friday. The stock’s 50-day moving average price is $78.81 and its two-hundred day moving average price is $83.53. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 3.76. Booz Allen Hamilton Holding Corporation has a 12-month low of $68.83 and a 12-month high of $130.91. The firm has a market cap of $8.75 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 4.19 and a beta of 0.32.

About Booz Allen Hamilton

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.