Booz Allen Hamilton (NYSE:BAH) Price Target Lowered to $155.00 at Truist Financial

Booz Allen Hamilton (NYSE:BAH) had its price objective decreased by Truist Financial from $185.00 to $155.00 in a report issued on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the business services provider’s stock.

Several other brokerages have also recently issued reports on BAH. Barclays lifted their target price on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. TD Cowen reduced their target price on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating on the stock in a report on Monday, July 29th. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and lifted their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. The Goldman Sachs Group lifted their target price on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, StockNews.com lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $176.88.

Booz Allen Hamilton Price Performance

NYSE:BAH opened at $149.26 on Friday. Booz Allen Hamilton has a 52 week low of $123.17 and a 52 week high of $190.59. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The business’s 50-day simple moving average is $164.88 and its two-hundred day simple moving average is $156.85. The stock has a market cap of $19.07 billion, a PE ratio of 23.43, a P/E/G ratio of 1.66 and a beta of 0.58.

Booz Allen Hamilton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th will be given a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.37%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.03%.

Insider Buying and Selling at Booz Allen Hamilton

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total transaction of $618,400.00. Following the completion of the transaction, the chief financial officer now owns 33,683 shares in the company, valued at $5,389,280. The trade was a 10.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the transaction, the executive vice president now owns 25,496 shares of the company’s stock, valued at $4,206,840. This trade represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,173 shares of company stock worth $1,989,220 over the last 90 days. Company insiders own 1.59% of the company’s stock.

Institutional Trading of Booz Allen Hamilton

Large investors have recently modified their holdings of the company. Cetera Investment Advisers boosted its holdings in shares of Booz Allen Hamilton by 142.5% in the first quarter. Cetera Investment Advisers now owns 28,615 shares of the business services provider’s stock valued at $4,248,000 after purchasing an additional 16,815 shares during the period. Cumberland Partners Ltd boosted its holdings in shares of Booz Allen Hamilton by 39.5% in the third quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock valued at $8,411,000 after purchasing an additional 14,620 shares during the period. Natixis purchased a new stake in shares of Booz Allen Hamilton in the first quarter valued at approximately $893,000. Covestor Ltd boosted its holdings in shares of Booz Allen Hamilton by 150.8% in the first quarter. Covestor Ltd now owns 306 shares of the business services provider’s stock valued at $46,000 after purchasing an additional 184 shares during the period. Finally, BDF Gestion purchased a new stake in shares of Booz Allen Hamilton in the second quarter valued at approximately $2,641,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.

About Booz Allen Hamilton

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.