Booz Allen Hamilton (NYSE:BAH) Given New $170.00 Price Target at Jefferies Financial Group

Booz Allen Hamilton (NYSE:BAH) had its price target raised by Jefferies Financial Group from $150.00 to $170.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

Several other research firms have also commented on BAH. Truist Financial increased their price target on shares of Booz Allen Hamilton from $120.00 to $145.00 and gave the company a hold rating in a research report on Monday, January 29th. The Goldman Sachs Group increased their price target on shares of Booz Allen Hamilton from $141.00 to $158.00 and gave the company a buy rating in a research report on Monday, January 29th. Barclays lowered shares of Booz Allen Hamilton from an equal weight rating to an underweight rating in a research report on Friday, January 5th. JPMorgan Chase & Co. increased their price target on shares of Booz Allen Hamilton from $120.00 to $136.00 and gave the company a neutral rating in a research report on Tuesday, February 6th. Finally, Wells Fargo & Company increased their price objective on shares of Booz Allen Hamilton from $138.00 to $158.00 and gave the company an equal weight rating in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $145.11.

Booz Allen Hamilton Stock Down 0.6 %

Shares of Booz Allen Hamilton stock opened at $142.68 on Wednesday. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.68 and a quick ratio of 1.68. Booz Allen Hamilton has a 1 year low of $89.80 and a 1 year high of $150.59. The firm’s 50-day moving average is $146.25 and its two-hundred day moving average is $132.60. The stock has a market cap of $18.51 billion, a price-to-earnings ratio of 46.03, a PEG ratio of 2.01 and a beta of 0.53.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, January 26th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.28. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.54 billion. Booz Allen Hamilton had a net margin of 3.96% and a return on equity of 65.31%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.07 EPS. As a group, research analysts expect that Booz Allen Hamilton will post 5.41 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 12th were issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, February 9th. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.47. Booz Allen Hamilton’s dividend payout ratio is 65.81%.

Insider Buying and Selling

In related news, COO Kristine Anderson sold 5,068 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $139.88, for a total value of $708,911.84. Following the transaction, the chief operating officer now owns 71,656 shares in the company, valued at approximately $10,023,241.28. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, COO Kristine Anderson sold 5,068 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $139.88, for a total value of $708,911.84. Following the transaction, the chief operating officer now owns 71,656 shares in the company, valued at approximately $10,023,241.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Horacio Rozanski sold 49,000 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $145.69, for a total transaction of $7,138,810.00. Following the sale, the chief executive officer now directly owns 557,411 shares in the company, valued at approximately $81,209,208.59. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,568 shares of company stock worth $8,067,487. 1.76% of the stock is owned by company insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

A number of hedge funds and other institutional investors have recently made changes to their positions in BAH. Janiczek Wealth Management LLC acquired a new stake in shares of Booz Allen Hamilton during the 3rd quarter worth approximately $25,000. VisionPoint Advisory Group LLC grew its stake in shares of Booz Allen Hamilton by 75.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 274 shares of the business services provider’s stock worth $30,000 after purchasing an additional 118 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Booz Allen Hamilton during the 3rd quarter worth approximately $31,000. Banque Cantonale Vaudoise grew its stake in Booz Allen Hamilton by 112.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 206 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 109 shares during the period. Finally, DHJJ Financial Advisors Ltd. acquired a new stake in Booz Allen Hamilton in the 3rd quarter valued at $34,000. Institutional investors and hedge funds own 91.82% of the company’s stock.

Booz Allen Hamilton Company Profile

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.