Booz Allen Hamilton Holding Co. (NYSE:BAH) Short Interest Update

Booz Allen Hamilton Holding Co. (NYSE:BAHGet Rating) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 2,700,000 shares, a growth of 6.3% from the February 13th total of 2,540,000 shares. Based on an average daily volume of 1,060,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 2.1% of the shares of the stock are short sold.

Booz Allen Hamilton Stock Down 2.3 %

NYSE:BAH opened at $88.51 on Friday. The company has a market cap of $11.71 billion, a PE ratio of 27.49, a P/E/G ratio of 2.30 and a beta of 0.60. Booz Allen Hamilton has a one year low of $76.60 and a one year high of $112.55. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.44 and a quick ratio of 1.44. The firm’s 50 day simple moving average is $94.88 and its 200 day simple moving average is $99.29.

Booz Allen Hamilton Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th were given a $0.47 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.12%. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.43. Booz Allen Hamilton’s payout ratio is 58.39%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BAH. StockNews.com began coverage on shares of Booz Allen Hamilton in a report on Thursday. They set a “hold” rating on the stock. Morgan Stanley decreased their price target on shares of Booz Allen Hamilton from $118.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, February 2nd. Finally, Wells Fargo & Company lifted their target price on shares of Booz Allen Hamilton from $109.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 1st. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. YHB Investment Advisors Inc. lifted its position in shares of Booz Allen Hamilton by 0.5% in the 3rd quarter. YHB Investment Advisors Inc. now owns 21,486 shares of the business services provider’s stock worth $1,984,000 after purchasing an additional 100 shares during the period. Utah Retirement Systems lifted its position in shares of Booz Allen Hamilton by 0.4% during the 3rd quarter. Utah Retirement Systems now owns 23,441 shares of the business services provider’s stock valued at $2,165,000 after acquiring an additional 100 shares during the period. Resonant Capital Advisors LLC lifted its position in shares of Booz Allen Hamilton by 1.5% during the 3rd quarter. Resonant Capital Advisors LLC now owns 7,098 shares of the business services provider’s stock valued at $656,000 after acquiring an additional 105 shares during the period. Cetera Investment Advisers lifted its position in shares of Booz Allen Hamilton by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 5,577 shares of the business services provider’s stock valued at $504,000 after acquiring an additional 113 shares during the period. Finally, CENTRAL TRUST Co lifted its position in shares of Booz Allen Hamilton by 2.4% during the 3rd quarter. CENTRAL TRUST Co now owns 4,952 shares of the business services provider’s stock valued at $457,000 after acquiring an additional 115 shares during the period. Institutional investors and hedge funds own 90.68% of the company’s stock.

Booz Allen Hamilton Company Profile

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Booz Allen Hamilton Holding Corp. engages in the provision of management and technology consulting services. It offers analytics, digital solutions, engineering, and cyber expertise. The company was founded by Edwin Booz in 1914 and is headquartered in McLean, VA.

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