Booz Allen Hamilton Holding Co. (NYSE:BAH) Sees Significant Growth in Short Interest

Booz Allen Hamilton Holding Co. (NYSE:BAH) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 3,790,000 shares, a growth of 131.1% from the October 31st total of 1,640,000 shares. Based on an average daily volume of 1,210,000 shares, the short-interest ratio is currently 3.1 days. Approximately 3.0% of the company’s shares are short sold.

Insiders Place Their Bets

In related news, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This represents a 14.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the transaction, the chief financial officer now directly owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This trade represents a 10.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,173 shares of company stock valued at $1,989,220 in the last ninety days. Company insiders own 1.59% of the company’s stock.

Institutional Trading of Booz Allen Hamilton

Large investors have recently bought and sold shares of the business. AGF Management Ltd. grew its position in shares of Booz Allen Hamilton by 63.4% in the 2nd quarter. AGF Management Ltd. now owns 1,750,610 shares of the business services provider’s stock valued at $269,419,000 after buying an additional 679,280 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Booz Allen Hamilton in the 3rd quarter valued at about $48,349,000. Caisse DE Depot ET Placement DU Quebec increased its position in Booz Allen Hamilton by 28.5% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,288,101 shares of the business services provider’s stock worth $209,651,000 after buying an additional 285,621 shares during the period. Acadian Asset Management LLC lifted its stake in Booz Allen Hamilton by 184.0% in the second quarter. Acadian Asset Management LLC now owns 335,463 shares of the business services provider’s stock valued at $51,613,000 after buying an additional 217,349 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Booz Allen Hamilton by 75.3% in the second quarter. Van ECK Associates Corp now owns 465,363 shares of the business services provider’s stock valued at $71,619,000 after acquiring an additional 199,871 shares during the period. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

BAH has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price objective for the stock from $180.00 to $190.00 in a report on Monday, November 4th. StockNews.com cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th. Truist Financial dropped their target price on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research note on Friday, November 22nd. Finally, The Goldman Sachs Group lifted their target price on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Booz Allen Hamilton has a consensus rating of “Hold” and an average price target of $173.25.

Booz Allen Hamilton Price Performance

NYSE BAH traded up $0.83 on Friday, hitting $148.18. The company had a trading volume of 540,927 shares, compared to its average volume of 827,443. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. The company has a market capitalization of $18.93 billion, a PE ratio of 23.26, a PEG ratio of 1.77 and a beta of 0.58. Booz Allen Hamilton has a 12-month low of $123.17 and a 12-month high of $190.59. The company’s fifty day moving average price is $163.86 and its 200-day moving average price is $156.64.

Booz Allen Hamilton Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th will be given a $0.51 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.38%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 32.03%.

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.