Booz Allen Hamilton Holding Corporation $BAH Shares Sold by DNB Asset Management AS

DNB Asset Management AS reduced its stake in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) by 6.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 25,144 shares of the business services provider’s stock after selling 1,822 shares during the quarter. DNB Asset Management AS’s holdings in Booz Allen Hamilton were worth $2,618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its position in Booz Allen Hamilton by 6.9% in the 1st quarter. Private Advisor Group LLC now owns 4,388 shares of the business services provider’s stock valued at $459,000 after purchasing an additional 285 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new stake in Booz Allen Hamilton in the first quarter valued at $256,000. Cetera Investment Advisers boosted its holdings in Booz Allen Hamilton by 61.4% during the first quarter. Cetera Investment Advisers now owns 34,282 shares of the business services provider’s stock worth $3,585,000 after buying an additional 13,044 shares in the last quarter. Mediolanum International Funds Ltd boosted its stake in shares of Booz Allen Hamilton by 42.5% during the 1st quarter. Mediolanum International Funds Ltd now owns 39,341 shares of the business services provider’s stock worth $4,142,000 after acquiring an additional 11,726 shares in the last quarter. Finally, HB Wealth Management LLC boosted its position in Booz Allen Hamilton by 630.6% during the first quarter. HB Wealth Management LLC now owns 18,046 shares of the business services provider’s stock worth $1,887,000 after purchasing an additional 15,576 shares in the last quarter. Hedge funds and other institutional investors own 91.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of Booz Allen Hamilton from $93.00 to $80.00 and set a “sell” rating on the stock in a report on Monday, October 27th. Cowen lowered Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Friday, October 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Booz Allen Hamilton in a report on Wednesday, November 19th. UBS Group decreased their target price on Booz Allen Hamilton from $115.00 to $93.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Finally, Stifel Nicolaus set a $106.00 price target on shares of Booz Allen Hamilton in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $110.82.

Insider Buying and Selling

In related news, CEO Horacio Rozanski bought 23,800 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were purchased at an average cost of $84.66 per share, with a total value of $2,014,908.00. Following the completion of the transaction, the chief executive officer directly owned 687,745 shares of the company’s stock, valued at approximately $58,224,491.70. This represents a 3.58% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.91% of the stock is currently owned by insiders.

Booz Allen Hamilton Stock Performance

Shares of BAH stock opened at $80.87 on Tuesday. The stock has a market capitalization of $9.81 billion, a price-to-earnings ratio of 12.35, a PEG ratio of 1.46 and a beta of 0.39. The company’s 50-day simple moving average is $93.22 and its 200-day simple moving average is $103.36. The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.78 and a current ratio of 1.76. Booz Allen Hamilton Holding Corporation has a one year low of $79.23 and a one year high of $150.53.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, October 24th. The business services provider reported $1.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.49. Booz Allen Hamilton had a return on equity of 71.87% and a net margin of 7.06%.The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.99 billion. During the same period in the prior year, the company posted $1.81 EPS. The business’s revenue was down 8.1% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2026 guidance at 5.450-5.650 EPS. Equities analysts anticipate that Booz Allen Hamilton Holding Corporation will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 2nd. Shareholders of record on Friday, November 14th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, November 14th. Booz Allen Hamilton’s payout ratio is presently 33.59%.

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