Booz Allen Hamilton (NYSE:BAH) Raised to “Strong-Buy” at TD Cowen

Booz Allen Hamilton (NYSE:BAH) was upgraded by equities researchers at TD Cowen to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

A number of other analysts also recently commented on BAH. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Truist Financial reduced their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. JPMorgan Chase & Co. downgraded shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price objective for the company from $180.00 to $190.00 in a research report on Monday, November 4th. Finally, Wells Fargo & Company dropped their price objective on shares of Booz Allen Hamilton from $206.00 to $177.00 and set an “overweight” rating for the company in a research report on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and an average price target of $167.44.

Booz Allen Hamilton Price Performance

Shares of NYSE:BAH opened at $131.19 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The business has a 50 day moving average price of $157.17 and a 200 day moving average price of $155.12. The company has a market cap of $16.76 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 1.62 and a beta of 0.52. Booz Allen Hamilton has a twelve month low of $123.17 and a twelve month high of $190.59.

Insider Activity

In other Booz Allen Hamilton news, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the transaction, the executive vice president now owns 25,496 shares of the company’s stock, valued at $4,206,840. The trade was a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew Calderone sold 4,065 shares of Booz Allen Hamilton stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $670,725.00. Following the transaction, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at approximately $4,886,970. This trade represents a 12.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,173 shares of company stock worth $1,989,220 over the last ninety days. Insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Booz Allen Hamilton

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AGF Management Ltd. increased its stake in Booz Allen Hamilton by 63.4% in the second quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after acquiring an additional 679,280 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in Booz Allen Hamilton during the third quarter worth about $48,349,000. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Booz Allen Hamilton by 28.5% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock valued at $209,651,000 after purchasing an additional 285,621 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of Booz Allen Hamilton by 184.0% during the second quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider’s stock worth $51,613,000 after buying an additional 217,349 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Booz Allen Hamilton by 75.3% during the 2nd quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider’s stock valued at $71,619,000 after acquiring an additional 199,871 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

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.