Booz Allen Hamilton (NYSE:BAH) Shares Gap Up – Here’s What Happened

Booz Allen Hamilton Holding Co. (NYSE:BAH) shares gapped up before the market opened on Friday . The stock had previously closed at $142.70, but opened at $147.66. Booz Allen Hamilton shares last traded at $144.60, with a volume of 165,137 shares.

Analyst Upgrades and Downgrades

BAH has been the subject of several research reports. Wells Fargo & Company cut their price objective on 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. Truist Financial lowered their price target on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. Barclays lifted their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a report on Tuesday, October 29th. UBS Group initiated coverage on shares of Booz Allen Hamilton in a research note on Monday. They set a “neutral” rating and a $159.00 price target on the stock. Finally, The Goldman Sachs Group raised their price target on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $171.67.

Booz Allen Hamilton Trading Up 2.3 %

The business has a 50 day simple moving average of $162.72 and a 200-day simple moving average of $156.48. The stock has a market capitalization of $18.65 billion, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 1.75 and a beta of 0.52. 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 was paid on Wednesday, December 4th. Investors of record on Friday, November 15th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.40%. Booz Allen Hamilton’s dividend payout ratio is currently 32.03%.

Insider Activity at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 4,065 shares of the firm’s stock in a transaction dated 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 in the company, valued at $4,886,970. This trade represents a 12.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the sale, the executive vice president now 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. Over the last ninety days, insiders have sold 12,173 shares of company stock valued at $1,989,220. Company insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Cetera Investment Advisers increased 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 valued at $4,248,000 after buying an additional 16,815 shares during the period. Cumberland Partners Ltd lifted its position in Booz Allen Hamilton by 39.5% during the 3rd quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock worth $8,411,000 after buying an additional 14,620 shares in the last quarter. Eagle Asset Management Inc. raised its stake in shares of Booz Allen Hamilton by 3.6% in the third quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock worth $155,810,000 after acquiring an additional 32,897 shares during the last quarter. BDF Gestion acquired a new stake in shares of Booz Allen Hamilton in the second quarter valued at approximately $2,641,000. Finally, CreativeOne Wealth LLC bought a new stake in shares of Booz Allen Hamilton during the third quarter worth $1,261,000. 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.