Booz Allen Hamilton Holding Co. Announces Quarterly Dividend of $0.51 (NYSE:BAH)

Booz Allen Hamilton Holding Co. (NYSE:BAHGet Free Report) announced a quarterly dividend on Friday, May 24th, NASDAQ reports. Stockholders of record on Thursday, June 13th will be given a dividend of 0.51 per share by the business services provider on Friday, June 28th. This represents a $2.04 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, June 13th.

Booz Allen Hamilton has increased its dividend by an average of 14.9% annually over the last three years and has increased its dividend every year for the last 1 years. Booz Allen Hamilton has a payout ratio of 30.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Booz Allen Hamilton to earn $6.70 per share next year, which means the company should continue to be able to cover its $2.04 annual dividend with an expected future payout ratio of 30.4%.

Booz Allen Hamilton Price Performance

BAH opened at $150.01 on Tuesday. The firm has a market cap of $19.40 billion, a P/E ratio of 32.99, a PEG ratio of 1.80 and a beta of 0.57. The firm has a 50-day moving average of $149.09 and a 200 day moving average of $141.12. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.62 and a current ratio of 1.62. Booz Allen Hamilton has a fifty-two week low of $103.38 and a fifty-two week high of $164.43.

Booz Allen Hamilton (NYSE:BAHGet Free Report) last issued its earnings results on Friday, May 24th. The business services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.10. The firm had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. Booz Allen Hamilton had a net margin of 5.68% and a return on equity of 68.12%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business earned $1.01 earnings per share. On average, research analysts expect that Booz Allen Hamilton will post 6.04 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BAH. TD Cowen increased their price target on shares of Booz Allen Hamilton from $158.00 to $177.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Jefferies Financial Group lifted their price target on shares of Booz Allen Hamilton from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Barclays lifted their price target on shares of Booz Allen Hamilton from $135.00 to $153.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 29th. Truist Financial lifted their price target on shares of Booz Allen Hamilton from $145.00 to $160.00 and gave the stock a “hold” rating in a research note on Tuesday, May 28th. Finally, Stifel Nicolaus lifted their price target on shares of Booz Allen Hamilton from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton has a consensus rating of “Hold” and an average target price of $159.78.

Get Our Latest Report on BAH

Insider Transactions at Booz Allen Hamilton

In other news, CFO Matthew Calderone sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $146.51, for a total value of $219,765.00. Following the transaction, the chief financial officer now owns 25,462 shares in the company, valued at $3,730,437.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Horacio Rozanski sold 34,571 shares of Booz Allen Hamilton stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $154.15, for a total value of $5,329,119.65. Following the sale, the chief executive officer now owns 579,025 shares in the company, valued at $89,256,703.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Matthew Calderone sold 1,500 shares of Booz Allen Hamilton stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $146.51, for a total transaction of $219,765.00. Following the completion of the sale, the chief financial officer now owns 25,462 shares in the company, valued at approximately $3,730,437.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 59,755 shares of company stock worth $9,189,791. Insiders own 1.76% of the company’s stock.

Booz Allen Hamilton Company Profile

(Get Free Report)

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.

See Also

Dividend History for Booz Allen Hamilton (NYSE:BAH)

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