Booz Allen Hamilton (NYSE:BAH) Rating Increased to Equal Weight at Barclays

Barclays upgraded shares of Booz Allen Hamilton (NYSE:BAH) from an underweight rating to an equal weight rating in a research note published on Monday, Marketbeat reports. Barclays currently has $140.00 price target on the business services provider’s stock.

A number of other analysts have also weighed in on BAH. UBS Group began coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 target price on the stock. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and upped their price target for the stock from $154.00 to $158.00 in a report on Wednesday, October 2nd. Truist Financial dropped their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. TD Cowen upgraded Booz Allen Hamilton to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group dropped their price target on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $163.56.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $130.85 on Monday. The company’s 50 day moving average is $148.92 and its 200-day moving average is $153.41. The firm has a market cap of $16.72 billion, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 1.62 and a beta of 0.55. Booz Allen Hamilton has a 12-month low of $124.04 and a 12-month high of $190.59. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.56%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.03%.

Insider Buying and Selling

In other Booz Allen Hamilton news, CFO Matthew Calderone sold 4,065 shares of Booz Allen Hamilton stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $670,725.00. Following the transaction, the chief financial officer now directly owns 29,618 shares of the company’s stock, valued at $4,886,970. The trade was a 12.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. This represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. 1.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Booz Allen Hamilton

Several hedge funds and other institutional investors have recently modified their holdings of the company. Peterson Financial Group Inc. bought a new position in Booz Allen Hamilton during the 3rd quarter valued at approximately $31,000. Gilliland Jeter Wealth Management LLC purchased a new stake in Booz Allen Hamilton in the third quarter worth $45,000. Kennebec Savings Bank bought a new stake in Booz Allen Hamilton in the third quarter valued at $60,000. Ashton Thomas Private Wealth LLC purchased a new position in Booz Allen Hamilton during the 2nd quarter valued at $83,000. Finally, Covestor Ltd raised its holdings in Booz Allen Hamilton by 87.2% in the 3rd quarter. Covestor Ltd now owns 629 shares of the business services provider’s stock worth $103,000 after purchasing an additional 293 shares in the last quarter. 91.82% of the stock is owned by institutional investors.

About Booz Allen Hamilton

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.