Sunbelt Securities Inc. Boosts Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Sunbelt Securities Inc. grew its stake in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 41.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 1,358 shares of the business services provider’s stock after acquiring an additional 400 shares during the quarter. Sunbelt Securities Inc.’s holdings in Booz Allen Hamilton were worth $221,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Cumberland Partners Ltd increased its position in Booz Allen Hamilton by 39.5% during the 3rd quarter. Cumberland Partners Ltd now owns 51,675 shares of the business services provider’s stock worth $8,411,000 after purchasing an additional 14,620 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Booz Allen Hamilton by 3.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 957,300 shares of the business services provider’s stock worth $155,810,000 after purchasing an additional 32,897 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Booz Allen Hamilton during the 3rd quarter worth about $15,152,000. Stifel Financial Corp grew its holdings in shares of Booz Allen Hamilton by 23.5% during the third quarter. Stifel Financial Corp now owns 119,072 shares of the business services provider’s stock worth $19,381,000 after buying an additional 22,690 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in shares of Booz Allen Hamilton in the third quarter valued at approximately $1,261,000. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock opened at $134.46 on Friday. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. Booz Allen Hamilton Holding Co. has a 12 month low of $123.17 and a 12 month high of $190.59. The company has a market cap of $17.18 billion, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 1.62 and a beta of 0.52. The stock’s 50-day moving average is $159.96 and its 200-day moving average is $155.81.

Booz Allen Hamilton Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were given a dividend of $0.51 per share. The ex-dividend date was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.52%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.03%.

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 transaction of $700,095.00. Following the completion of the sale, the executive vice president now directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew Calderone sold 3,865 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were 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 in the company, valued at $5,389,280. This trade represents a 10.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,173 shares of company stock worth $1,989,220 over the last ninety days. 1.59% of the stock is owned by company insiders.

Analyst Ratings Changes

BAH has been the topic of a number of analyst reports. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Thursday, December 5th. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price objective for the stock from $180.00 to $190.00 in a report on Monday, November 4th. JPMorgan Chase & Co. lowered Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their target price for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. UBS Group initiated coverage on Booz Allen Hamilton in a research note on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price target on the stock. Finally, The Goldman Sachs Group dropped their price objective on shares of Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Booz Allen Hamilton has an average rating of “Hold” and a consensus price target of $167.44.

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.