Engineers Gate Manager LP Purchases 98,205 Shares of Booz Allen Hamilton Holding Corporation $BAH

Engineers Gate Manager LP boosted its position in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 3,206.2% during the second quarter, HoldingsChannel reports. The fund owned 101,268 shares of the business services provider’s stock after buying an additional 98,205 shares during the quarter. Engineers Gate Manager LP’s holdings in Booz Allen Hamilton were worth $6,144,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BAH. Weiss Asset Management LP purchased a new position in shares of Booz Allen Hamilton during the 1st quarter valued at $12,945,000. Legal & General Group Plc boosted its stake in Booz Allen Hamilton by 9.9% during the fourth quarter. Legal & General Group Plc now owns 537,400 shares of the business services provider’s stock valued at $45,335,000 after buying an additional 48,457 shares during the period. Bank of America Corp DE grew its position in Booz Allen Hamilton by 2.6% during the first quarter. Bank of America Corp DE now owns 1,117,280 shares of the business services provider’s stock worth $87,181,000 after buying an additional 28,462 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in Booz Allen Hamilton by 1,624.2% during the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 51,725 shares of the business services provider’s stock worth $4,364,000 after buying an additional 48,725 shares in the last quarter. Finally, National Pension Service raised its holdings in shares of Booz Allen Hamilton by 57.3% in the 4th quarter. National Pension Service now owns 47,295 shares of the business services provider’s stock valued at $3,990,000 after acquiring an additional 17,237 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Bank of America cut their price objective on Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating for the company in a report on Monday, July 20th. Wall Street Zen raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. TD Cowen dropped their target price on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a research report on Tuesday, July 7th. BNP Paribas Exane initiated coverage on shares of Booz Allen Hamilton in a research note on Wednesday, May 27th. They issued a “neutral” rating and a $80.00 price target for the company. Finally, The Goldman Sachs Group decreased their price target on shares of Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating on the stock in a report on Tuesday, July 14th. Three investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $83.69.

Booz Allen Hamilton Price Performance

Shares of Booz Allen Hamilton stock opened at $75.80 on Friday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.59 and a current ratio of 1.60. Booz Allen Hamilton Holding Corporation has a 52-week low of $59.50 and a 52-week high of $109.10. The company has a fifty day moving average of $71.52 and a 200-day moving average of $74.71. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 3.90 and a beta of 0.36.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.32. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the firm posted $1.48 earnings per share. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. Equities research analysts expect that Booz Allen Hamilton Holding Corporation will post 6.33 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.36 annualized dividend and a yield of 3.1%. Booz Allen Hamilton’s dividend payout ratio is presently 37.11%.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation, operating as Booz Allen Hamilton, is a management and technology consulting company that primarily serves the U.S. government. Its clients include defense, intelligence, civil government, and national security organizations, as well as select commercial and international customers.

The company provides consulting and technology services focused on artificial intelligence, data and analytics, cybersecurity, digital transformation, engineering, cloud computing, and mission operations.