Booz Allen Hamilton Holding Corporation (NYSE:BAH – Get Free Report)’s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $62.50 and last traded at $62.5850, with a volume of 1085882 shares traded. The stock had previously closed at $63.88.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Truist Financial lowered their price objective on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating for the company in a research note on Monday, April 20th. TD Cowen reissued a “hold” rating on shares of Booz Allen Hamilton in a research report on Tuesday, May 26th. Weiss Ratings lowered shares of Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 24th. UBS Group reaffirmed a “neutral” rating and issued a $83.00 price target on shares of Booz Allen Hamilton in a report on Tuesday, May 26th. Finally, BNP Paribas Exane initiated coverage on shares of Booz Allen Hamilton in a research note on Wednesday, May 27th. They set a “neutral” rating and a $80.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $88.00.
Get Our Latest Stock Analysis on BAH
Booz Allen Hamilton Trading Down 2.0%
Booz Allen Hamilton (NYSE:BAH – Get Free Report) last posted its quarterly earnings results on Friday, May 22nd. The business services provider reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.46. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $2.87 billion. Booz Allen Hamilton had a return on equity of 76.07% and a net margin of 7.59%.The business’s revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.61 EPS. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. As a group, sell-side analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.23 EPS for the current year.
Booz Allen Hamilton Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Wednesday, June 10th will be given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, June 10th. Booz Allen Hamilton’s dividend payout ratio (DPR) is presently 34.25%.
Institutional Investors Weigh In On Booz Allen Hamilton
Institutional investors and hedge funds have recently bought and sold shares of the business. Ipsen Advisor Group LLC raised its holdings in shares of Booz Allen Hamilton by 13.7% during the first quarter. Ipsen Advisor Group LLC now owns 5,095 shares of the business services provider’s stock valued at $398,000 after buying an additional 615 shares during the last quarter. Axiom Investment Management LLC bought a new stake in Booz Allen Hamilton during the 1st quarter valued at $44,000. Bank of America Corp DE boosted its position in Booz Allen Hamilton by 2.6% during the 1st quarter. Bank of America Corp DE now owns 1,117,280 shares of the business services provider’s stock worth $87,181,000 after acquiring an additional 28,462 shares during the period. Edgestream Partners L.P. grew its stake in shares of Booz Allen Hamilton by 5.9% in the first quarter. Edgestream Partners L.P. now owns 28,329 shares of the business services provider’s stock worth $2,211,000 after purchasing an additional 1,571 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Booz Allen Hamilton by 56.1% during the first quarter. Janus Henderson Group PLC now owns 59,733 shares of the business services provider’s stock valued at $4,661,000 after purchasing an additional 21,457 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.
Booz Allen Hamilton Company Profile
Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.
Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.
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