Booz Allen Hamilton (NYSE:BAH) Stock: Insider Joshua Petty Sells 1,500 Shares

Booz Allen Hamilton Holding Corporation (NYSE:BAH) EVP Joshua Petty sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $82.92, for a total value of $124,380.00. Following the transaction, the executive vice president directly owned 8,538 shares in the company, valued at $707,970.96. The trade was a 14.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Booz Allen Hamilton Trading Up 4.9%

Shares of Booz Allen Hamilton stock opened at $88.33 on Friday. The business has a fifty day simple moving average of $75.12 and a two-hundred day simple moving average of $76.71. Booz Allen Hamilton Holding Corporation has a 1 year low of $59.50 and a 1 year high of $109.10. The company has a market capitalization of $10.48 billion, a price-to-earnings ratio of 13.72, a P/E/G ratio of 2.01 and a beta of 0.37. The company has a debt-to-equity ratio of 3.53, a current ratio of 1.43 and a quick ratio of 1.59.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, October 23rd. The business services provider reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.48 by $0.28. Booz Allen Hamilton had a net margin of 7.14% and a return on equity of 75.00%. The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the previous year, the business posted $1.49 earnings per share. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.500-6.700 EPS. Research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.61 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Thursday, November 12th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 36.65%.

Analysts Set New Price Targets

BAH has been the topic of a number of research reports. TD Cowen upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and upped their price target for the company from $77.00 to $95.00 in a research note on Monday, October 26th. UBS Group restated a “neutral” rating and set a $86.00 price objective on shares of Booz Allen Hamilton in a research report on Monday, October 26th. National Bank Financial set a $95.00 price objective on Booz Allen Hamilton in a report on Monday, October 26th. The Goldman Sachs Group decreased their target price on Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating on the stock in a research report on Tuesday, July 14th. Finally, BNP Paribas Exane increased their target price on Booz Allen Hamilton from $70.00 to $85.00 and gave the stock a “neutral” rating in a research note on Monday, October 26th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Hold” and a consensus target price of $89.29.

Hedge Funds Weigh In On Booz Allen Hamilton

Several institutional investors and hedge funds have recently modified their holdings of BAH. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Booz Allen Hamilton during the second quarter worth approximately $51,325,000. Copeland Capital Management LLC increased its stake in Booz Allen Hamilton by 292.5% during the 3rd quarter. Copeland Capital Management LLC now owns 807,353 shares of the business services provider’s stock worth $56,047,000 after acquiring an additional 601,677 shares during the period. Artemis Investment Management LLP acquired a new position in Booz Allen Hamilton in the 3rd quarter valued at $12,051,000. Weiss Asset Management LP acquired a new position in Booz Allen Hamilton in the 1st quarter valued at $12,945,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Booz Allen Hamilton by 12.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,352,790 shares of the business services provider’s stock valued at $105,567,000 after acquiring an additional 151,166 shares during the period. 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 provides services primarily to governments, defense and intelligence organizations, and commercial clients. The company helps organizations address complex challenges involving strategy, technology modernization, cybersecurity, data and analytics, artificial intelligence, engineering, and mission operations.

Its government-related work spans defense, national security, intelligence, civil government, and health markets.