Booz Allen Hamilton (NYSE:BAH) Sees Large Volume Increase – Here’s What Happened

Shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) saw an uptick in trading volume on Friday . 414,791 shares changed hands during trading, a decline of 44% from the previous session’s volume of 742,412 shares.The stock last traded at $151.63 and had previously closed at $154.57.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BAH shares. Wells Fargo & Company upped their target price on Booz Allen Hamilton from $185.00 to $206.00 and gave the company an “overweight” rating in a report on Monday, October 28th. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price objective for the company from $180.00 to $190.00 in a research note on Monday, November 4th. Truist Financial raised their target price on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the stock a “hold” rating in a report on Monday, October 28th. TD Cowen cut their price target on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Finally, The Goldman Sachs Group raised their price objective on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton has an average rating of “Hold” and an average target price of $180.63.

Booz Allen Hamilton Stock Down 3.0 %

The firm has a fifty day moving average price of $165.64 and a 200 day moving average price of $157.03. The firm has a market capitalization of $19.09 billion, a price-to-earnings ratio of 23.45, a P/E/G ratio of 2.06 and a beta of 0.58. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.37%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton’s payout ratio is 32.03%.

Insider Buying and Selling at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $5,389,280. The trade was a 10.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,173 shares of company stock valued at $1,989,220. Corporate insiders own 1.59% of the company’s stock.

Institutional Trading of Booz Allen Hamilton

Hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers raised its stake in Booz Allen Hamilton by 142.5% in the first quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock valued at $4,248,000 after purchasing an additional 16,815 shares in the last quarter. Cumberland Partners Ltd raised its position in shares of Booz Allen Hamilton by 39.5% in the 3rd quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock valued at $8,411,000 after buying an additional 14,620 shares in the last quarter. CreativeOne Wealth LLC bought a new stake in shares of Booz Allen Hamilton during the 1st quarter worth approximately $955,000. Natixis acquired a new stake in shares of Booz Allen Hamilton during the 1st quarter worth approximately $893,000. Finally, Covestor Ltd increased its stake in Booz Allen Hamilton by 150.8% in the first quarter. Covestor Ltd now owns 306 shares of the business services provider’s stock valued at $46,000 after acquiring an additional 184 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

About Booz Allen Hamilton

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.