Booz Allen Hamilton (NYSE:BAH) Downgraded to Hold Rating by StockNews.com

Booz Allen Hamilton (NYSE:BAH) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

BAH has been the subject of several other research reports. TD Cowen decreased their price objective on shares of Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a research note on Monday, July 29th. JPMorgan Chase & Co. downgraded Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their price target for the company from $154.00 to $158.00 in a research report on Wednesday, October 2nd. Jefferies Financial Group cut Booz Allen Hamilton from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $180.00 to $190.00 in a research report on Monday. Truist Financial raised their target price on Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, The Goldman Sachs Group raised their price target on shares of Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $180.63.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $179.95 on Thursday. The company has a fifty day moving average price of $163.57 and a 200-day moving average price of $155.76. The firm has a market cap of $22.99 billion, a price-to-earnings ratio of 28.25, a PEG ratio of 2.48 and a beta of 0.58. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.56 and a quick ratio of 1.56. Booz Allen Hamilton has a 1 year low of $122.59 and a 1 year high of $190.59.

Insider Buying and Selling at Booz Allen Hamilton

In related news, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the completion of the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Matthew Calderone sold 3,865 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $160.00, for a total transaction of $618,400.00. Following the transaction, the chief financial officer now owns 33,683 shares of the company’s stock, valued at approximately $5,389,280. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard Crowe sold 4,243 shares of the business’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the completion of the sale, the executive vice president now directly owns 25,496 shares of the company’s stock, valued at $4,206,840. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock valued at $1,989,220 in the last 90 days. Corporate insiders own 1.59% of the company’s stock.

Institutional Trading of Booz Allen Hamilton

Several hedge funds and other institutional investors have recently bought and sold shares of BAH. Oppenheimer & Co. Inc. grew its stake in shares of Booz Allen Hamilton by 3.3% in the third quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock worth $297,000 after purchasing an additional 59 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Booz Allen Hamilton by 4.5% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock worth $246,000 after buying an additional 69 shares during the last quarter. X Square Capital LLC increased its stake in shares of Booz Allen Hamilton by 0.7% during the second quarter. X Square Capital LLC now owns 10,509 shares of the business services provider’s stock valued at $1,617,000 after buying an additional 72 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Booz Allen Hamilton by 13.0% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 79 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in Booz Allen Hamilton by 1.9% in the second quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock worth $685,000 after acquiring an additional 82 shares during the period. Institutional investors own 91.82% of the company’s stock.

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.