Booz Allen Hamilton (NYSE:BAH) Shares Up 6.2% – Time to Buy?

Booz Allen Hamilton Holding Corporation (NYSE:BAH)’s share price shot up 6.2% during trading on Thursday. The company traded as high as $72.72 and last traded at $72.9550. Approximately 1,026,801 shares traded hands during trading, a decline of 51% from the average session volume of 2,091,138 shares. The stock had previously closed at $68.69.

Analysts Set New Price Targets

Several brokerages have commented on BAH. Cantor Fitzgerald lowered their target price on Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. The Goldman Sachs Group lowered their price target on shares of Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating for the company in a report on Tuesday, July 14th. Wall Street Zen raised Booz Allen Hamilton from a “hold” rating to a “buy” rating in a report on Saturday, October 3rd. TD Cowen upped their target price on Booz Allen Hamilton from $75.00 to $77.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Truist Financial upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating and increased their target price for the company from $70.00 to $85.00 in a research report on Thursday. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $85.62.

Booz Allen Hamilton Trading Up 1.5%

The company has a market cap of $8.90 billion, a P/E ratio of 11.63, a PEG ratio of 1.75 and a beta of 0.37. The firm’s 50 day moving average is $74.44 and its two-hundred day moving average is $74.05. The company has a quick ratio of 1.59, a current ratio of 1.60 and a debt-to-equity ratio of 3.26.

Booz Allen Hamilton (NYSE:BAH) last announced its earnings results on Friday, July 24th. The business services provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.49 by $0.32. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the previous year, the business earned $1.48 EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. As a group, equities research analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.34 EPS for the current year.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $0.59 per share. The ex-dividend date was Friday, August 14th. This represents a $2.36 annualized dividend and a yield of 3.2%. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 37.11%.

Institutional Investors Weigh In On Booz Allen Hamilton

Several large investors have recently modified their holdings of BAH. GAMMA Investing LLC raised its position in shares of Booz Allen Hamilton by 119.4% in the 3rd quarter. GAMMA Investing LLC now owns 5,723 shares of the business services provider’s stock worth $397,000 after acquiring an additional 3,115 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Booz Allen Hamilton by 13.3% during the third quarter. Farther Finance Advisors LLC now owns 2,770 shares of the business services provider’s stock worth $192,000 after purchasing an additional 325 shares during the period. Artemis Investment Management LLP bought a new stake in Booz Allen Hamilton in the third quarter worth approximately $12,051,000. Versant Capital Management Inc boosted its holdings in shares of Booz Allen Hamilton by 30.8% during the 3rd quarter. Versant Capital Management Inc now owns 768 shares of the business services provider’s stock worth $53,000 after buying an additional 181 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in shares of Booz Allen Hamilton by 74.7% during the 2nd quarter. QRG Capital Management Inc. now owns 5,119 shares of the business services provider’s stock worth $311,000 after buying an additional 2,189 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation is a management and technology consulting company that primarily serves the U.S. government, including defense, intelligence, civil, and health agencies. The company helps clients address complex national security, public-sector, and business challenges through consulting, engineering, technology integration, and mission-support services.

Its capabilities include artificial intelligence and data analytics, cybersecurity, digital transformation, cloud computing, systems engineering, software development, program management, and organizational strategy.