Booz Allen Hamilton Holding Co. (NYSE:BAH) Announces $0.55 Quarterly Dividend

Booz Allen Hamilton Holding Co. (NYSE:BAH) declared a quarterly dividend on Tuesday, May 27th, Wall Street Journal reports. Investors of record on Wednesday, June 11th will be given a dividend of 0.55 per share by the business services provider on Friday, June 27th. This represents a $2.20 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Wednesday, June 11th.

Booz Allen Hamilton has raised its dividend payment by an average of 11.3% per year over the last three years and has raised its dividend every year for the last 14 years. Booz Allen Hamilton has a dividend payout ratio of 28.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Booz Allen Hamilton to earn $6.94 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 31.7%.

Booz Allen Hamilton Stock Performance

BAH stock traded up $1.81 during mid-day trading on Tuesday, reaching $109.60. 2,285,404 shares of the stock traded hands, compared to its average volume of 2,459,292. The firm has a market capitalization of $13.88 billion, a PE ratio of 16.35, a P/E/G ratio of 1.25 and a beta of 0.56. The business has a 50-day moving average of $115.06 and a two-hundred day moving average of $125.48. Booz Allen Hamilton has a 52 week low of $101.05 and a 52 week high of $190.59. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72.

Booz Allen Hamilton (NYSE:BAH) last issued its quarterly earnings results on Friday, May 23rd. The business services provider reported $1.61 EPS for the quarter, topping the consensus estimate of $1.59 by $0.02. Booz Allen Hamilton had a return on equity of 68.97% and a net margin of 7.39%. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.03 billion. During the same period in the previous year, the business posted $1.33 EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, equities analysts predict that Booz Allen Hamilton will post 6.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Booz Allen Hamilton

A hedge fund recently raised its stake in Booz Allen Hamilton stock. NewEdge Advisors LLC lifted its position in Booz Allen Hamilton Holding Co. (NYSE:BAH) by 365.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,750 shares of the business services provider’s stock after buying an additional 9,223 shares during the quarter. NewEdge Advisors LLC’s holdings in Booz Allen Hamilton were worth $1,229,000 as of its most recent SEC filing. 91.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BAH shares. The Goldman Sachs Group reissued a “neutral” rating and set a $109.00 price objective (down previously from $150.00) on shares of Booz Allen Hamilton in a report on Friday, April 11th. William Blair downgraded Booz Allen Hamilton from an “outperform” rating to a “market perform” rating in a research report on Friday, February 21st. Wells Fargo & Company reduced their target price on shares of Booz Allen Hamilton from $148.00 to $135.00 and set an “overweight” rating on the stock in a research report on Friday. Raymond James reiterated a “market perform” rating on shares of Booz Allen Hamilton in a report on Friday. Finally, JPMorgan Chase & Co. lowered their target price on shares of Booz Allen Hamilton from $140.00 to $120.00 and set an “underweight” rating for the company in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $140.40.

Booz Allen Hamilton Company Profile

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.