StockNews.com Upgrades Booz Allen Hamilton (NYSE:BAH) to Hold

Booz Allen Hamilton (NYSE:BAH) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other research analysts also recently weighed in on the stock. Truist Financial raised their price target on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a report on Monday. The Goldman Sachs Group boosted their price target on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Wells Fargo & Company increased their price objective on Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a report on Monday. Barclays upped their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Booz Allen Hamilton currently has a consensus rating of “Hold” and an average price target of $180.00.

Booz Allen Hamilton Trading Down 1.0 %

Shares of NYSE BAH opened at $181.73 on Wednesday. The stock has a market cap of $23.48 billion, a price-to-earnings ratio of 39.51, a PEG ratio of 2.33 and a beta of 0.59. The business has a 50 day simple moving average of $160.83 and a 200 day simple moving average of $154.33. The company has a debt-to-equity ratio of 3.07, a quick ratio of 1.55 and a current ratio of 1.55. Booz Allen Hamilton has a 52 week low of $118.07 and a 52 week high of $189.13.

Insider Transactions at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 3,865 shares of Booz Allen Hamilton stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at $5,389,280. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the sale, the chief financial officer now owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,173 shares of company stock worth $1,989,220. Insiders own 1.59% of the company’s stock.

Institutional Trading of Booz Allen Hamilton

Several institutional investors and hedge funds have recently added to or reduced their stakes in BAH. First Horizon Advisors Inc. raised its stake in shares of Booz Allen Hamilton by 4.5% during the second quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock worth $246,000 after buying an additional 69 shares during the last quarter. X Square Capital LLC raised its position in shares of Booz Allen Hamilton by 0.7% during the 2nd quarter. X Square Capital LLC now owns 10,509 shares of the business services provider’s stock valued at $1,617,000 after acquiring an additional 72 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Booz Allen Hamilton by 13.0% in the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 79 shares during the period. CIBC Asset Management Inc boosted its position in shares of Booz Allen Hamilton by 1.9% in the 2nd quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock worth $685,000 after purchasing an additional 82 shares during the last quarter. Finally, AIA Group Ltd increased its holdings in Booz Allen Hamilton by 0.9% in the third quarter. AIA Group Ltd now owns 11,600 shares of the business services provider’s stock valued at $1,888,000 after purchasing an additional 100 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.