Security National Bank of Sioux City Iowa IA Buys 8,245 Shares of Booz Allen Hamilton Holding Corporation $BAH

Security National Bank of Sioux City Iowa IA grew its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 39.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 29,185 shares of the business services provider’s stock after buying an additional 8,245 shares during the period. Security National Bank of Sioux City Iowa IA’s holdings in Booz Allen Hamilton were worth $1,771,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC increased its holdings in Booz Allen Hamilton by 8.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,003 shares of the business services provider’s stock worth $243,000 after acquiring an additional 295 shares in the last quarter. Engineers Gate Manager LP lifted its holdings in Booz Allen Hamilton by 3,206.2% during the second quarter. Engineers Gate Manager LP now owns 101,268 shares of the business services provider’s stock valued at $6,144,000 after purchasing an additional 98,205 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in Booz Allen Hamilton during the second quarter valued at approximately $368,000. IFP Advisors Inc lifted its holdings in Booz Allen Hamilton by 24.8% during the second quarter. IFP Advisors Inc now owns 1,377 shares of the business services provider’s stock valued at $84,000 after purchasing an additional 274 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in shares of Booz Allen Hamilton by 53.7% in the second quarter. Baird Financial Group Inc. now owns 18,080 shares of the business services provider’s stock worth $1,097,000 after purchasing an additional 6,314 shares during the period. Institutional investors own 91.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on BAH. The Goldman Sachs Group decreased their price objective on shares of Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating on the stock in a research report on Tuesday, July 14th. BNP Paribas Exane started coverage on shares of Booz Allen Hamilton in a report on Wednesday, May 27th. They issued a “neutral” rating and a $80.00 target price for the company. Stifel Nicolaus set a $110.00 price target on Booz Allen Hamilton and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Weiss Ratings cut Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. Finally, Cantor Fitzgerald lowered their price objective on Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating on the stock in a research report on Thursday, July 23rd. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $83.69.

Booz Allen Hamilton Price Performance

Booz Allen Hamilton stock traded down $1.77 during mid-day trading on Friday, reaching $77.12. 1,997,724 shares of the company’s stock traded hands, compared to its average volume of 2,115,094. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 4.05 and a beta of 0.36. The stock has a 50 day moving average of $72.82 and a two-hundred day moving average of $74.77. The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 3.26. Booz Allen Hamilton Holding Corporation has a 12-month low of $59.50 and a 12-month high of $109.10.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings data on Friday, July 24th. The business services provider reported $1.81 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.81 billion. During the same period last year, the company posted $1.48 EPS. The business’s revenue 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 analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.33 earnings per share for the current year.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.59 dividend. The ex-dividend date was Friday, August 14th. This represents a $2.36 annualized dividend and a yield of 3.1%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 37.11%.

About Booz Allen Hamilton

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.