Booz Allen Hamilton (NYSE:BAH) Stock Jumps 6.2% – Should You Buy?

Booz Allen Hamilton Holding Corporation (NYSE:BAH) shares rose 6.2% on Thursday. The company traded as high as $72.72 and last traded at $72.9550. Approximately 1,026,801 shares changed hands during trading, a decline of 51% from the average daily volume of 2,091,138 shares. The stock had previously closed at $68.69.

Wall Street Analyst Weigh In

Several analysts have commented on BAH shares. Weiss Ratings restated a “sell (d+)” rating on shares of Booz Allen Hamilton in a report on Friday, October 2nd. 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 report on Monday, July 20th. Citigroup lowered their target price on Booz Allen Hamilton from $82.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday. Cantor Fitzgerald reduced 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. Finally, Truist Financial upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and increased their price objective for the stock from $70.00 to $85.00 in a report on Thursday. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $85.62.

Booz Allen Hamilton Stock Up 6.2%

The company’s fifty day moving average price is $74.26 and its 200-day moving average price is $74.10. The stock has a market capitalization of $8.78 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 1.64 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 posted its quarterly earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.32. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.81 billion. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%.The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.48 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.34 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, August 14th. Booz Allen Hamilton’s payout ratio is currently 37.11%.

Institutional Trading of Booz Allen Hamilton

Several institutional investors have recently bought and sold shares of BAH. Artemis Investment Management LLP purchased a new stake in shares of Booz Allen Hamilton during the third quarter valued at approximately $12,051,000. Versant Capital Management Inc raised its holdings in Booz Allen Hamilton by 30.8% in the 3rd quarter. Versant Capital Management Inc now owns 768 shares of the business services provider’s stock worth $53,000 after acquiring an additional 181 shares during the last quarter. QRG Capital Management Inc. lifted its position in Booz Allen Hamilton by 74.7% in the 2nd quarter. QRG Capital Management Inc. now owns 5,119 shares of the business services provider’s stock valued at $311,000 after acquiring an additional 2,189 shares in the last quarter. Security National Bank of SO Dak increased its holdings in shares of Booz Allen Hamilton by 0.8% in the 2nd quarter. Security National Bank of SO Dak now owns 19,348 shares of the business services provider’s stock worth $1,174,000 after purchasing an additional 158 shares in the last quarter. Finally, Security National Bank of Sioux City Iowa IA increased its holdings in shares of Booz Allen Hamilton by 39.4% in the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 29,185 shares of the business services provider’s stock worth $1,771,000 after purchasing an additional 8,245 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

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.