Thrivent Financial for Lutherans Purchases New Position in Booz Allen Hamilton Holding Corporation $BAH

Thrivent Financial for Lutherans purchased a new stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) in the 4th quarter, HoldingsChannel reports. The fund purchased 27,315 shares of the business services provider’s stock, valued at approximately $2,304,000.

Several other large investors have also recently added to or reduced their stakes in BAH. Vanguard Group Inc. grew its stake in shares of Booz Allen Hamilton by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 13,946,447 shares of the business services provider’s stock valued at $1,176,522,000 after acquiring an additional 227,141 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Booz Allen Hamilton by 48.6% during the third quarter. AQR Capital Management LLC now owns 3,812,243 shares of the business services provider’s stock valued at $377,488,000 after acquiring an additional 1,246,451 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Booz Allen Hamilton by 10.6% during the third quarter. First Trust Advisors LP now owns 3,571,053 shares of the business services provider’s stock valued at $356,927,000 after acquiring an additional 342,252 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Booz Allen Hamilton by 8.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,545,572 shares of the business services provider’s stock valued at $216,094,000 after acquiring an additional 199,590 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Booz Allen Hamilton by 14.7% during the second quarter. Bank of America Corp DE now owns 2,297,416 shares of the business services provider’s stock valued at $239,230,000 after acquiring an additional 293,603 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BAH shares. Truist Financial lowered their target price on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating for the company in a research note on Monday, April 20th. Stifel Nicolaus set a $110.00 target price on Booz Allen Hamilton in a research note on Tuesday. Citigroup lowered their target price on Booz Allen Hamilton from $109.00 to $87.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Jefferies Financial Group set a $85.00 target price on Booz Allen Hamilton in a research note on Monday, May 11th. Finally, UBS Group restated a “neutral” rating and set a $97.00 target price on shares of Booz Allen Hamilton in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $92.92.

Booz Allen Hamilton Stock Up 0.0%

NYSE:BAH opened at $78.70 on Tuesday. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of 11.42, a price-to-earnings-growth ratio of 4.54 and a beta of 0.32. Booz Allen Hamilton Holding Corporation has a one year low of $68.83 and a one year high of $120.04. The stock has a 50-day simple moving average of $78.60 and a 200 day simple moving average of $83.19. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.81 and a current ratio of 1.81.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.46. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $2.87 billion. Booz Allen Hamilton had a return on equity of 76.79% and a net margin of 7.35%.The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period last year, the firm earned $1.61 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. Sell-side analysts predict that Booz Allen Hamilton Holding Corporation will post 6.13 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Wednesday, June 10th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Wednesday, June 10th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 34.25%.

Booz Allen Hamilton Profile

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.