Booz Allen Hamilton (NYSE:BAH) Price Target Cut to $155.00 by Analysts at Truist Financial

Booz Allen Hamilton (NYSE:BAH) had its target price reduced by Truist Financial from $185.00 to $155.00 in a research report released on Friday,Benzinga reports. Truist Financial currently has a hold rating on the business services provider’s stock.

A number of other analysts also recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. TD Cowen cut their price target on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. StockNews.com downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. JPMorgan Chase & Co. cut Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their price objective for the stock from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Finally, Barclays upped their target price on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $176.88.

Booz Allen Hamilton Stock Down 1.2 %

BAH stock opened at $147.46 on Friday. Booz Allen Hamilton has a one year low of $123.17 and a one year high of $190.59. The company has a fifty day moving average of $164.73 and a 200-day moving average of $156.90. The stock has a market capitalization of $18.84 billion, a PE ratio of 23.15, a price-to-earnings-growth ratio of 1.79 and a beta of 0.58. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.38%. The ex-dividend date is Friday, November 15th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.03%.

Insider Buying and Selling at Booz Allen Hamilton

In other 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 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 10.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Richard Crowe sold 4,243 shares of the 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 sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock worth $1,989,220 in the last quarter. 1.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cetera Investment Advisers boosted its holdings in Booz Allen Hamilton by 142.5% in the 1st quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock worth $4,248,000 after acquiring an additional 16,815 shares during the period. Cumberland Partners Ltd boosted its stake in shares of Booz Allen Hamilton by 39.5% in the third quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock valued at $8,411,000 after purchasing an additional 14,620 shares during the period. Natixis purchased a new stake in Booz Allen Hamilton during the 1st quarter worth $893,000. Covestor Ltd lifted its holdings in Booz Allen Hamilton by 150.8% in the 1st quarter. Covestor Ltd now owns 306 shares of the business services provider’s stock worth $46,000 after buying an additional 184 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its position in Booz Allen Hamilton by 3.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock valued at $155,810,000 after buying an additional 32,897 shares during the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

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.