Booz Allen Hamilton (NYSE:BAH) Shares Gap Up – Here’s Why

Booz Allen Hamilton Holding Co. (NYSE:BAH)’s share price gapped up prior to trading on Friday . The stock had previously closed at $142.70, but opened at $147.66. Booz Allen Hamilton shares last traded at $144.60, with a volume of 165,137 shares changing hands.

Analysts Set New Price Targets

BAH has been the topic of a number of recent research reports. Truist Financial dropped their target price on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating on the stock in a research report on Friday, November 22nd. UBS Group initiated coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price objective on the stock. Jefferies Financial Group cut shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and increased their target price for the stock from $180.00 to $190.00 in a report on Monday, November 4th. JPMorgan Chase & Co. lowered shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. Finally, StockNews.com downgraded shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $171.67.

Booz Allen Hamilton Price Performance

The company’s 50 day moving average is $162.39 and its 200-day moving average is $156.44. The firm has a market capitalization of $18.62 billion, a price-to-earnings ratio of 22.88, a P/E/G ratio of 1.73 and a beta of 0.52. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 2.76.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Friday, November 15th were given a dividend of $0.51 per share. The ex-dividend date was Friday, November 15th. This represents a $2.04 dividend on an annualized basis and a yield of 1.40%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.03%.

Insider Buying and Selling at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 3,865 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $160.00, for a total value of $618,400.00. Following the completion of the sale, the chief financial officer now directly owns 33,683 shares in the company, valued at $5,389,280. The trade was a 10.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Richard Crowe sold 4,243 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $700,095.00. Following the transaction, the executive vice president now owns 25,496 shares in the company, valued at $4,206,840. The trade was a 14.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock worth $1,989,220 over the last ninety days. Insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Booz Allen Hamilton

Several institutional investors and hedge funds have recently modified their holdings of the business. Franklin Resources Inc. grew its position in Booz Allen Hamilton by 9.1% during the third quarter. Franklin Resources Inc. now owns 87,607 shares of the business services provider’s stock worth $14,249,000 after buying an additional 7,271 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Booz Allen Hamilton by 17.7% during the 3rd quarter. Tidal Investments LLC now owns 13,165 shares of the business services provider’s stock valued at $2,143,000 after acquiring an additional 1,979 shares during the period. World Investment Advisors LLC grew its holdings in shares of Booz Allen Hamilton by 26.1% during the 3rd quarter. World Investment Advisors LLC now owns 6,719 shares of the business services provider’s stock worth $1,094,000 after purchasing an additional 1,390 shares in the last quarter. Anchor Investment Management LLC increased its position in shares of Booz Allen Hamilton by 865.7% in the third quarter. Anchor Investment Management LLC now owns 647 shares of the business services provider’s stock worth $105,000 after purchasing an additional 580 shares during the period. Finally, Sunbelt Securities Inc. raised its stake in Booz Allen Hamilton by 41.8% in the third quarter. Sunbelt Securities Inc. now owns 1,358 shares of the business services provider’s stock valued at $221,000 after purchasing an additional 400 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors and hedge funds.

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.