Booz Allen Hamilton (NYSE:BAH) Stock Lifted to Buy by 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 note released on Monday morning,Wall Street Zen reports.

Several other equities research analysts have also issued reports on BAH. Cantor Fitzgerald lowered their price target on shares of Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Truist Financial upgraded shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating and increased their price objective for the company from $70.00 to $85.00 in a research note on Thursday, October 8th. UBS Group raised their price objective on shares of Booz Allen Hamilton from $70.00 to $78.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Jefferies Financial Group decreased their target price on shares of Booz Allen Hamilton from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Wednesday, October 7th. Finally, Bank of America decreased their target price on shares of Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating on the stock in a research report on Monday, July 20th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and a consensus target price of $85.62.

Booz Allen Hamilton Price Performance

Shares of BAH stock opened at $74.09 on Monday. The stock has a 50 day moving average of $74.36 and a two-hundred day moving average of $73.77. The company has a current ratio of 1.60, a quick ratio of 1.59 and a debt-to-equity ratio of 3.26. Booz Allen Hamilton has a 12 month low of $59.50 and a 12 month high of $109.10. The company has a market capitalization of $8.91 billion, a P/E ratio of 10.84, a P/E/G ratio of 1.78 and a beta of 0.37.

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

Booz Allen Hamilton Dividend Announcement

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

Institutional Trading of Booz Allen Hamilton

Large investors have recently bought and sold shares of the stock. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Booz Allen Hamilton in the second quarter valued at $51,325,000. Copeland Capital Management LLC raised its holdings in shares of Booz Allen Hamilton by 292.5% in the third quarter. Copeland Capital Management LLC now owns 807,353 shares of the business services provider’s stock valued at $56,047,000 after buying an additional 601,677 shares during the last quarter. Artemis Investment Management LLP acquired a new position in Booz Allen Hamilton during the 3rd quarter worth about $12,051,000. Weiss Asset Management LP acquired a new position in Booz Allen Hamilton during the 1st quarter worth about $12,945,000. Finally, Dimensional Fund Advisors LP lifted its position in 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 worth $105,567,000 after buying an additional 151,166 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Company Profile

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.