Booz Allen Hamilton (NYSE:BAH) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Booz Allen Hamilton (NYSE:BAH) from a buy rating to a hold rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

A number of other brokerages have also recently issued reports on BAH. Bank of America dropped their price objective on Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating on the stock in a report on Monday, July 20th. Citigroup reduced their target price on Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating for the company in a report on Wednesday, July 1st. Truist Financial decreased their price target on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. JPMorgan Chase & Co. cut their price objective on shares of Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating for the company in a research report on Tuesday, May 26th. Finally, BNP Paribas Exane initiated coverage on shares of Booz Allen Hamilton in a research note on Wednesday, May 27th. They set a “neutral” rating and a $80.00 price objective for the company. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $83.69.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $77.12 on Friday. The stock has a market capitalization of $9.28 billion, a P/E ratio of 12.13, a PEG ratio of 3.98 and a beta of 0.36. The company has a current ratio of 1.60, a quick ratio of 1.59 and a debt-to-equity ratio of 3.26. The firm’s 50 day moving average is $73.11 and its 200 day moving average is $74.78. Booz Allen Hamilton has a 12 month low of $59.50 and a 12 month high of $109.10.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.32. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. The business had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the firm posted $1.48 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. On average, sell-side analysts anticipate that Booz Allen Hamilton will post 6.33 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.36 annualized dividend and a dividend yield of 3.1%. Booz Allen Hamilton’s payout ratio is presently 37.11%.

Institutional Investors Weigh In On Booz Allen Hamilton

Several hedge funds have recently bought and sold shares of BAH. Versant Capital Management Inc increased its holdings in shares of Booz Allen Hamilton by 1,122.9% in the 2nd quarter. Versant Capital Management Inc now owns 587 shares of the business services provider’s stock worth $36,000 after buying an additional 539 shares during the last quarter. Axiom Investment Management LLC purchased a new position in Booz Allen Hamilton in the first quarter worth $44,000. Global Retirement Partners LLC grew its position in Booz Allen Hamilton by 68.7% in the fourth quarter. Global Retirement Partners LLC now owns 690 shares of the business services provider’s stock worth $58,000 after acquiring an additional 281 shares in the last quarter. Huntington National Bank increased its stake in Booz Allen Hamilton by 606.7% in the fourth quarter. Huntington National Bank now owns 841 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 722 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in Booz Allen Hamilton by 32.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 987 shares of the business services provider’s stock worth $83,000 after purchasing an additional 239 shares during the last quarter. 91.82% of the stock is currently owned by institutional investors.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation, operating as Booz Allen Hamilton, is a management and technology consulting company that primarily serves the U.S. government. Its clients include defense, intelligence, civil government, and national security organizations, as well as select commercial and international customers.

The company provides consulting and technology services focused on artificial intelligence, data and analytics, cybersecurity, digital transformation, engineering, cloud computing, and mission operations.