Town & Country Bank & Trust CO dba First Bankers Trust CO trimmed its holdings in Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) by 88.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 2,258 shares of the business services provider’s stock after selling 16,585 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in Booz Allen Hamilton were worth $226,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the business. Norges Bank purchased a new position in shares of Booz Allen Hamilton in the 2nd quarter valued at about $168,069,000. Primecap Management Co. CA grew its position in Booz Allen Hamilton by 2,011.8% during the second quarter. Primecap Management Co. CA now owns 1,267,058 shares of the business services provider’s stock worth $131,939,000 after buying an additional 1,207,058 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Booz Allen Hamilton by 187.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,566,826 shares of the business services provider’s stock valued at $168,136,000 after buying an additional 1,021,809 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Booz Allen Hamilton by 58.2% during the 2nd quarter. AQR Capital Management LLC now owns 2,565,792 shares of the business services provider’s stock valued at $264,251,000 after acquiring an additional 943,660 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Booz Allen Hamilton by 227.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 698,930 shares of the business services provider’s stock valued at $72,780,000 after acquiring an additional 485,425 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.
Booz Allen Hamilton Price Performance
NYSE:BAH opened at $88.48 on Friday. Booz Allen Hamilton Holding Corporation has a 12-month low of $79.23 and a 12-month high of $134.27. The firm has a market cap of $10.67 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 5.34 and a beta of 0.34. The company’s 50-day moving average is $89.10 and its two-hundred day moving average is $96.82. The company has a current ratio of 1.81, a quick ratio of 1.76 and a debt-to-equity ratio of 3.76.
Booz Allen Hamilton Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Friday, February 13th will be issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.7%. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, February 13th. Booz Allen Hamilton’s payout ratio is 32.69%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the company. Citigroup raised their price objective on Booz Allen Hamilton from $93.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, January 13th. Bank of America cut Booz Allen Hamilton from a “buy” rating to an “underperform” rating and set a $90.00 price target for the company. in a research report on Friday, October 24th. TD Cowen lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Friday, October 17th. Jefferies Financial Group lowered their price objective on shares of Booz Allen Hamilton from $100.00 to $95.00 and set a “hold” rating on the stock in a research note on Thursday, December 18th. Finally, Weiss Ratings upgraded shares of Booz Allen Hamilton from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $108.93.
Get Our Latest Report on Booz Allen Hamilton
Booz Allen Hamilton Company Profile
Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.
Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.
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