Booz Allen Hamilton (NYSE:BAH) Trading Up 3.6% Following Dividend Announcement

Booz Allen Hamilton Holding Co. (NYSE:BAH)’s stock price was up 3.6% during trading on Monday after the company announced a dividend. The company traded as high as $145.00 and last traded at $144.82. Approximately 1,160,837 shares traded hands during trading, an increase of 76% from the average daily volume of 659,640 shares. The stock had previously closed at $139.84.

The newly announced dividend which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be given a dividend of $0.51 per share. The ex-dividend date is Wednesday, August 14th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.41%. Booz Allen Hamilton’s payout ratio is 44.35%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on BAH shares. Truist Financial reduced their target price on shares of Booz Allen Hamilton from $160.00 to $140.00 and set a “hold” rating on the stock in a research report on Monday. Stifel Nicolaus upped their target price on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Barclays upped their target price on shares of Booz Allen Hamilton from $135.00 to $153.00 and gave the stock an “underweight” rating in a research report on Wednesday, May 29th. Jefferies Financial Group upped their target price on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Wells Fargo & Company upgraded shares of Booz Allen Hamilton from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $168.00 to $165.00 in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.78.

Booz Allen Hamilton Stock Performance

The company has a debt-to-equity ratio of 3.20, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $18.67 billion, a P/E ratio of 31.38, a P/E/G ratio of 2.03 and a beta of 0.57. The stock’s 50 day moving average is $153.90 and its two-hundred day moving average is $147.87.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, May 24th. The business services provider reported $1.33 EPS for the quarter, beating 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 66.04%. The firm had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. The business’s quarterly revenue was up 13.9% on a year-over-year basis. As a group, equities analysts anticipate that Booz Allen Hamilton Holding Co. will post 5.93 earnings per share for the current fiscal year.

Insider Buying and Selling at Booz Allen Hamilton

In other Booz Allen Hamilton news, EVP Richard Crowe sold 180 shares of the company’s stock in a transaction that occurred on Tuesday, May 21st. The shares were 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 owns 17,486 shares of the company’s stock, valued at $2,695,466.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Richard Crowe sold 180 shares of the stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total transaction of $27,747.00. Following the completion of the sale, the executive vice president now owns 17,486 shares of the company’s stock, valued at $2,695,466.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Susan L. Penfield sold 18,522 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $153.73, for a total transaction of $2,847,387.06. Following the sale, the executive vice president now directly owns 33,788 shares of the company’s stock, valued at approximately $5,194,229.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,255 shares of company stock valued at $8,970,026. Corporate insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in BAH. Opal Wealth Advisors LLC acquired a new position in Booz Allen Hamilton during the second quarter worth $26,000. OFI Invest Asset Management acquired a new position in Booz Allen Hamilton during the second quarter worth $29,000. Banque Cantonale Vaudoise boosted its holdings in Booz Allen Hamilton by 112.4% during the first quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock worth $31,000 after purchasing an additional 109 shares during the last quarter. Smithfield Trust Co boosted its holdings in Booz Allen Hamilton by 87.7% during the fourth quarter. Smithfield Trust Co now owns 259 shares of the business services provider’s stock worth $34,000 after purchasing an additional 121 shares during the last quarter. Finally, MCF Advisors LLC boosted its holdings in Booz Allen Hamilton by 103.6% during the first quarter. MCF Advisors LLC now owns 226 shares of the business services provider’s stock worth $34,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.