Booz Allen Hamilton (NYSE:BAH) Reaches New 1-Year Low – Here’s Why

Booz Allen Hamilton Holding Co. (NYSE:BAH)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $101.05 and last traded at $102.99, with a volume of 590261 shares. The stock had previously closed at $103.58.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. TD Cowen cut their price target on shares of Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, December 5th. Raymond James upgraded shares of Booz Allen Hamilton from a “market perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a report on Monday, February 3rd. UBS Group assumed coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They set a “neutral” rating and a $159.00 price target on the stock. Finally, Barclays upgraded shares of Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target on the stock in a report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $158.27.

Booz Allen Hamilton Trading Up 0.6 %

The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. The stock has a market capitalization of $13.20 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.25 and a beta of 0.56. The firm’s 50 day simple moving average is $121.39 and its two-hundred day simple moving average is $142.00.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, January 31st. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. As a group, analysts forecast that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 4th. Shareholders of record on Friday, February 14th were paid a $0.55 dividend. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. This represents a $2.20 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend was Friday, February 14th. Booz Allen Hamilton’s payout ratio is 32.79%.

Institutional Investors Weigh In On Booz Allen Hamilton

Several hedge funds and other institutional investors have recently bought and sold shares of BAH. GW&K Investment Management LLC increased its position in shares of Booz Allen Hamilton by 0.7% during the fourth quarter. GW&K Investment Management LLC now owns 461,517 shares of the business services provider’s stock worth $59,397,000 after acquiring an additional 3,435 shares in the last quarter. Versor Investments LP bought a new stake in shares of Booz Allen Hamilton during the fourth quarter worth about $933,000. Bridges Investment Management Inc. increased its position in shares of Booz Allen Hamilton by 19.2% during the fourth quarter. Bridges Investment Management Inc. now owns 117,661 shares of the business services provider’s stock worth $15,143,000 after acquiring an additional 18,930 shares in the last quarter. Cumberland Partners Ltd increased its position in shares of Booz Allen Hamilton by 92.2% during the fourth quarter. Cumberland Partners Ltd now owns 99,330 shares of the business services provider’s stock worth $12,784,000 after acquiring an additional 47,655 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Booz Allen Hamilton by 51.7% during the fourth quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock worth $122,472,000 after acquiring an additional 324,159 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.