Booz Allen Hamilton (NYSE:BAH) Stock Bumped Up to “Buy” by Wall Street Zen

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

A number of other equities analysts have also issued reports on the company. Bank of America reduced 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. Cantor Fitzgerald dropped their price target on Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating on the stock in a research note on Thursday, July 23rd. Citigroup cut their price objective on Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. UBS Group raised their price objective on Booz Allen Hamilton from $70.00 to $78.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Finally, TD Cowen decreased their target price on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of “Reduce” and an average price target of $83.69.

Booz Allen Hamilton Stock Down 4.5%

NYSE:BAH opened at $67.29 on Friday. The company has a current ratio of 1.60, a quick ratio of 1.59 and a debt-to-equity ratio of 3.26. Booz Allen Hamilton has a twelve month low of $59.50 and a twelve month high of $109.10. The company has a market cap of $8.09 billion, a PE ratio of 10.58, a P/E/G ratio of 1.62 and a beta of 0.37. The company’s 50 day moving average is $74.44 and its two-hundred day moving average is $74.33.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.32. The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $2.81 billion. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the company posted $1.48 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Analysts anticipate 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. Shareholders of record on Friday, August 14th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 14th. Booz Allen Hamilton’s dividend payout ratio is presently 37.11%.

Institutional Investors Weigh In On Booz Allen Hamilton

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BAH. T. Rowe Price Investment Management Inc. boosted its stake in shares of 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 buying an additional 1,811,906 shares during the last quarter. Black Creek Investment Management Inc. raised its position in Booz Allen Hamilton by 20.0% during the fourth 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 acquiring an additional 416,702 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Booz Allen Hamilton by 1.8% in the first 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 acquiring an additional 45,276 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Booz Allen Hamilton by 12.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,352,790 shares of the business services provider’s stock valued at $105,567,000 after acquiring an additional 151,166 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Booz Allen Hamilton by 135.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,227,893 shares of the business services provider’s stock worth $103,585,000 after purchasing an additional 705,930 shares in the last quarter. 91.82% of the stock is owned by institutional investors and hedge funds.

About Booz Allen Hamilton

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.