Rhumbline Advisers Has $22.58 Million Stake in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Rhumbline Advisers reduced its position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,468 shares of the business services provider’s stock after selling 6,039 shares during the period. Rhumbline Advisers owned approximately 0.14% of Booz Allen Hamilton worth $22,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in BAH. New York State Teachers Retirement System bought a new position in Booz Allen Hamilton during the 4th quarter worth $1,520,000. Bogart Wealth LLC grew its position in Booz Allen Hamilton by 387.5% during the 4th quarter. Bogart Wealth LLC now owns 195 shares of the business services provider’s stock worth $25,000 after acquiring an additional 155 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Booz Allen Hamilton by 51.7% during the 4th quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock worth $122,472,000 after buying an additional 324,159 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Booz Allen Hamilton by 677.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,678 shares of the business services provider’s stock worth $3,162,000 after buying an additional 21,503 shares during the period. Finally, Equitable Trust Co. lifted its stake in shares of Booz Allen Hamilton by 28.6% in the 4th quarter. Equitable Trust Co. now owns 7,825 shares of the business services provider’s stock valued at $1,007,000 after purchasing an additional 1,742 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Truist Financial decreased their price objective on Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a report on Friday, November 22nd. JPMorgan Chase & Co. lowered their price objective on Booz Allen Hamilton from $142.00 to $140.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. TD Cowen reduced their price objective on Booz Allen Hamilton from $200.00 to $155.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and raised their price objective for the stock from $180.00 to $190.00 in a report on Monday, November 4th. Finally, Cantor Fitzgerald initiated coverage on Booz Allen Hamilton in a research report on Friday, February 7th. They issued an “overweight” rating and a $160.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $158.91.

Booz Allen Hamilton Stock Performance

NYSE:BAH opened at $113.54 on Friday. The company has a market cap of $14.38 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.32 and a beta of 0.55. The company has a fifty day simple moving average of $129.90 and a two-hundred day simple moving average of $147.98. Booz Allen Hamilton Holding Co. has a 52 week low of $110.57 and a 52 week high of $190.59. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72.

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

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 1.94%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, February 14th. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.79%.

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.