New York State Teachers Retirement System bought a new stake in Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) in the third quarter, HoldingsChannel reports. The fund bought 11,500 shares of the business services provider’s stock, valued at approximately $1,062,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP raised its stake in shares of Booz Allen Hamilton by 10.9% during the 1st quarter. First Trust Advisors LP now owns 2,521,503 shares of the business services provider’s stock worth $221,489,000 after purchasing an additional 247,271 shares in the last quarter. Truist Financial Corp raised its position in Booz Allen Hamilton by 3.4% during the third quarter. Truist Financial Corp now owns 1,763,000 shares of the business services provider’s stock worth $162,813,000 after acquiring an additional 58,739 shares in the last quarter. Wellington Management Group LLP lifted its stake in Booz Allen Hamilton by 27.8% in the first quarter. Wellington Management Group LLP now owns 1,459,668 shares of the business services provider’s stock valued at $128,219,000 after acquiring an additional 317,646 shares during the last quarter. Congress Asset Management Co. MA grew its position in shares of Booz Allen Hamilton by 6.2% in the 2nd quarter. Congress Asset Management Co. MA now owns 1,406,482 shares of the business services provider’s stock valued at $127,090,000 after acquiring an additional 82,010 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Booz Allen Hamilton by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,203,395 shares of the business services provider’s stock worth $105,716,000 after purchasing an additional 50,066 shares during the last quarter. 90.68% of the stock is currently owned by institutional investors and hedge funds.
Booz Allen Hamilton Trading Down 1.7 %
BAH stock opened at $92.51 on Friday. Booz Allen Hamilton Holding Co. has a 52 week low of $69.68 and a 52 week high of $112.55. The company has a market capitalization of $12.23 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 2.39 and a beta of 0.65. The company’s 50-day simple moving average is $103.54 and its 200 day simple moving average is $99.28. The company has a debt-to-equity ratio of 2.29, a quick ratio of 1.81 and a current ratio of 1.81.
Booz Allen Hamilton Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, December 2nd. Stockholders of record on Tuesday, November 15th were given a dividend of $0.43 per share. The ex-dividend date of this dividend was Monday, November 14th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.86%. Booz Allen Hamilton’s payout ratio is 43.65%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on BAH shares. Truist Financial lifted their price target on Booz Allen Hamilton from $100.00 to $106.00 and gave the stock a “hold” rating in a report on Monday, October 31st. Wells Fargo & Company lifted their target price on Booz Allen Hamilton from $100.00 to $109.00 and gave the stock an “overweight” rating in a research note on Monday, November 7th. Raymond James cut Booz Allen Hamilton from an “outperform” rating to a “market perform” rating and set a $99.00 price target on the stock. in a research note on Wednesday, October 19th. Morgan Stanley lifted their price objective on shares of Booz Allen Hamilton from $110.00 to $118.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Finally, StockNews.com raised shares of Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research report on Tuesday, January 10th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton has an average rating of “Moderate Buy” and an average target price of $103.00.
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. The company offers consulting solutions for various domains, business strategies, human capital, and operations.
- Get a free copy of the StockNews.com research report on Booz Allen Hamilton (BAH)
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