Booz Allen Hamilton Holding Corporation (BAH) Stock Rating Lowered by Bank of America Corporation

Booz Allen Hamilton Holding Corporation (NYSE:BAH) was downgraded by investment analysts at Bank of America Corporation from a “buy” rating to a “neutral” rating in a report issued on Friday.

Other equities analysts have also issued research reports about the company. Cowen and Company reissued a “buy” rating and issued a $43.00 target price on shares of Booz Allen Hamilton Holding Corporation in a research report on Monday, May 22nd. Vertical Research lowered Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating and decreased their target price for the stock from $42.00 to $36.00 in a research report on Friday. Wells Fargo & Company reissued an “outperform” rating and issued a $42.00 target price (up previously from $36.50) on shares of Booz Allen Hamilton Holding Corporation in a research report on Tuesday, May 23rd. Evercore ISI assumed coverage on Booz Allen Hamilton Holding Corporation in a research report on Tuesday, April 4th. They issued an “in-line” rating and a $38.00 target price for the company. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Booz Allen Hamilton Holding Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, May 16th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $38.35.

Analyst Recommendations for Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Booz Allen Hamilton Holding Corporation (NYSE BAH) opened at 32.46 on Friday. The company’s 50-day moving average is $37.23 and its 200 day moving average is $36.20. The company has a market cap of $4.80 billion, a price-to-earnings ratio of 19.50 and a beta of 1.21. Booz Allen Hamilton Holding Corporation has a 52-week low of $27.47 and a 52-week high of $39.67.

Booz Allen Hamilton Holding Corporation (NYSE:BAH) last issued its earnings results on Monday, May 22nd. The business services provider reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. Booz Allen Hamilton Holding Corporation had a return on equity of 49.46% and a net margin of 4.35%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the firm earned $0.41 EPS. Booz Allen Hamilton Holding Corporation’s revenue was up 11.1% on a year-over-year basis. Equities analysts forecast that Booz Allen Hamilton Holding Corporation will post $1.88 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Saturday, June 10th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, June 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.09%. Booz Allen Hamilton Holding Corporation’s dividend payout ratio is currently 40.72%.

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In other Booz Allen Hamilton Holding Corporation news, CAO Joseph W. Mahaffee sold 50,000 shares of the business’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $39.00, for a total transaction of $1,950,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Lloyd Howell, Jr. sold 24,140 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $38.51, for a total value of $929,631.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 239,140 shares of company stock valued at $9,225,081. Corporate insiders own 3.76% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Sciencast Management LP purchased a new stake in Booz Allen Hamilton Holding Corporation during the fourth quarter worth about $252,000. Bogle Investment Management L P DE purchased a new stake in Booz Allen Hamilton Holding Corporation during the fourth quarter worth about $407,000. Two Sigma Investments LP increased its stake in Booz Allen Hamilton Holding Corporation by 2,867.1% in the fourth quarter. Two Sigma Investments LP now owns 1,245,668 shares of the business services provider’s stock worth $44,931,000 after buying an additional 1,203,685 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Booz Allen Hamilton Holding Corporation by 40.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 49,676 shares of the business services provider’s stock worth $1,792,000 after buying an additional 14,285 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new stake in Booz Allen Hamilton Holding Corporation during the fourth quarter worth about $331,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Booz Allen Hamilton Holding Corporation Company Profile

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

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