Booz Allen Hamilton (NYSE:BAH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Booz Allen Hamilton (NYSE:BAH) from a hold rating to a buy rating in a research report released on Saturday morning,Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the stock. BNP Paribas Exane initiated coverage on shares of Booz Allen Hamilton in a research report on Wednesday, May 27th. They issued a “neutral” rating and a $80.00 price target for the company. Weiss Ratings lowered Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, July 8th. TD Cowen reduced their target price on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a report on Tuesday, July 7th. Citigroup reduced their price objective on Booz Allen Hamilton from $88.00 to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, July 1st. Finally, Stifel Nicolaus set a $110.00 price objective on Booz Allen Hamilton and gave the company a “buy” rating in a report on Tuesday, May 26th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $83.69.

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $72.94 on Friday. The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 3.76 and a beta of 0.36. Booz Allen Hamilton has a 52-week low of $59.50 and a 52-week high of $109.10. The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 3.26. The stock has a 50 day moving average price of $70.52 and a 200 day moving average price of $74.82.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, July 24th. The business services provider reported $1.81 earnings per share 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 company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter last year, the company earned $1.48 earnings per share. The firm’s revenue for the quarter 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. Research analysts predict that Booz Allen Hamilton will post 6.33 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.59 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.2%. Booz Allen Hamilton’s payout ratio is presently 37.11%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Booz Allen Hamilton by 15.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 128,890 shares of the business services provider’s stock valued at $10,941,000 after buying an additional 17,686 shares in the last quarter. Weiss Asset Management LP acquired a new position in shares of Booz Allen Hamilton during the 1st quarter worth $12,945,000. Legal & General Group Plc increased its holdings in shares of Booz Allen Hamilton by 9.9% in the 4th quarter. Legal & General Group Plc now owns 537,400 shares of the business services provider’s stock valued at $45,335,000 after purchasing an additional 48,457 shares in the last quarter. Bank of America Corp DE boosted its holdings in Booz Allen Hamilton by 2.6% during the first quarter. Bank of America Corp DE now owns 1,117,280 shares of the business services provider’s stock worth $87,181,000 after buying an additional 28,462 shares in the last quarter. Finally, United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its stake in Booz Allen Hamilton by 1,624.2% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 51,725 shares of the business services provider’s stock valued at $4,364,000 after purchasing an additional 48,725 shares in the last quarter. 91.82% of the stock is owned by hedge funds and other institutional investors.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.