Booz Allen Hamilton (NYSE:BAH) Price Target Raised to $94.00

Booz Allen Hamilton (NYSE:BAH) had its price objective increased by Citigroup from $88.00 to $94.00 in a report released on Tuesday morning,Benzinga reports. They currently have a neutral rating on the business services provider’s stock.

Other analysts also recently issued reports about the company. Cantor Fitzgerald cut their target price on Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. BNP Paribas Exane raised their price target on Booz Allen Hamilton from $70.00 to $85.00 and gave the stock a “neutral” rating in a research report on Monday, October 26th. The Goldman Sachs Group dropped their price target on Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating for the company in a research note on Tuesday, July 14th. UBS Group reaffirmed a “neutral” rating and issued a $86.00 price target on shares of Booz Allen Hamilton in a research note on Monday, October 26th. Finally, Wall Street Zen raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research report on Monday, October 19th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus target price of $89.71.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $86.42 on Tuesday. The firm has a 50-day moving average price of $77.34 and a two-hundred day moving average price of $76.30. Booz Allen Hamilton has a 12-month low of $59.50 and a 12-month high of $109.10. The company has a market capitalization of $10.25 billion, a P/E ratio of 12.20, a P/E/G ratio of 1.97 and a beta of 0.28. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 3.53.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, October 23rd. The business services provider reported $1.76 EPS for the quarter, topping the consensus estimate of $1.48 by $0.28. Booz Allen Hamilton had a net margin of 7.14% and a return on equity of 75.00%. The company had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period last year, the firm earned $1.49 earnings per share. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.500-6.700 EPS. Analysts anticipate that Booz Allen Hamilton will post 6.61 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Thursday, November 12th will be paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, November 12th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 36.65%.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Buffum Fitzgerald sold 2,105 shares of the company’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $82.90, for a total transaction of $174,504.50. Following the completion of the sale, the executive vice president directly owned 5,087 shares in the company, valued at $421,712.30. This represents a 29.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joshua Petty sold 1,500 shares of the company’s stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $82.92, for a total value of $124,380.00. Following the sale, the executive vice president owned 8,538 shares of the company’s stock, valued at $707,970.96. The trade was a 14.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.08% of the stock is owned by insiders.

Institutional Trading of Booz Allen Hamilton

Several institutional investors and hedge funds have recently modified their holdings of BAH. Provenance Wealth Advisors LLC boosted its stake in Booz Allen Hamilton by 2,586.7% in the third quarter. Provenance Wealth Advisors LLC now owns 403 shares of the business services provider’s stock valued at $28,000 after buying an additional 388 shares in the last quarter. Global Retirement Partners LLC raised its stake in Booz Allen Hamilton by 73.9% during the third quarter. Global Retirement Partners LLC now owns 494 shares of the business services provider’s stock worth $34,000 after acquiring an additional 210 shares in the last quarter. Versant Capital Management Inc raised its stake in Booz Allen Hamilton by 1,122.9% during the second quarter. Versant Capital Management Inc now owns 587 shares of the business services provider’s stock worth $36,000 after acquiring an additional 539 shares in the last quarter. Pinnacle Wealth Planning Services Inc. lifted its holdings in shares of Booz Allen Hamilton by 967.9% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 598 shares of the business services provider’s stock worth $42,000 after acquiring an additional 542 shares during the last quarter. Finally, Axiom Investment Management LLC bought a new position in shares of Booz Allen Hamilton in the first quarter worth about $44,000. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton is a management and technology consulting firm that helps government and commercial clients address complex operational and technical challenges. Its services include strategy and organizational consulting, digital transformation, systems engineering, data analytics, artificial intelligence, and cybersecurity. The company has a substantial focus on U.S. federal government work, supporting defense, intelligence, and civilian agencies on national security and public-sector missions.