Booz Allen Hamilton Holding Co. (NYSE:BAH) Announces $0.51 Quarterly Dividend

Booz Allen Hamilton Holding Co. (NYSE:BAH) announced a quarterly dividend on Friday, July 26th, Wall Street Journal reports. Shareholders of record on Wednesday, August 14th will be given a dividend of 0.51 per share by the business services provider on Friday, August 30th. This represents a $2.04 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date is Wednesday, August 14th.

Booz Allen Hamilton has raised its dividend by an average of 14.9% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Booz Allen Hamilton has a payout ratio of 30.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Booz Allen Hamilton to earn $6.68 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 30.5%.

Booz Allen Hamilton Trading Up 0.8 %

Shares of Booz Allen Hamilton stock traded up $1.19 during trading hours on Tuesday, reaching $147.53. The stock had a trading volume of 23,666 shares, compared to its average volume of 678,984. Booz Allen Hamilton has a 1 year low of $106.90 and a 1 year high of $164.43. The firm has a 50 day simple moving average of $152.03 and a two-hundred day simple moving average of $149.03. The company has a current ratio of 1.55, a quick ratio of 1.62 and a debt-to-equity ratio of 3.07. The firm has a market capitalization of $19.08 billion, a price-to-earnings ratio of 31.81, a P/E/G ratio of 2.06 and a beta of 0.57.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, May 24th. The business services provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.23 by $0.10. Booz Allen Hamilton had a net margin of 5.57% and a return on equity of 65.80%. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the firm earned $1.01 earnings per share. Booz Allen Hamilton’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, equities research analysts anticipate that Booz Allen Hamilton will post 5.97 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Richard Crowe sold 180 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $27,747.00. Following the transaction, the executive vice president now directly owns 17,486 shares in the company, valued at approximately $2,695,466.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO Horacio Rozanski sold 34,571 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total transaction of $5,329,119.65. Following the completion of the transaction, the chief executive officer now directly owns 579,025 shares in the company, valued at approximately $89,256,703.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Richard Crowe sold 180 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $154.15, for a total value of $27,747.00. Following the completion of the sale, the executive vice president now directly owns 17,486 shares in the company, valued at $2,695,466.90. The disclosure for this sale can be found here. Insiders sold a total of 59,296 shares of company stock valued at $9,119,212 over the last 90 days. 1.59% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BAH. Truist Financial dropped their price objective on shares of Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Monday, July 29th. TD Cowen cut their price objective 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. Wells Fargo & Company raised shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $168.00 to $165.00 in a research report on Monday, July 29th. Jefferies Financial Group boosted their price target on Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, Stifel Nicolaus raised their price objective on Booz Allen Hamilton from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $156.56.

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.