Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 845,976 shares of the business services provider’s stock, valued at approximately $51,325,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. boosted its holdings in shares of Booz Allen Hamilton by 414.6% in the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock valued at $26,000 after buying an additional 199 shares during the last quarter. Activest Wealth Management grew its stake in shares of Booz Allen Hamilton by 141.3% in the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock valued at $26,000 after buying an additional 178 shares in the last quarter. Torren Management LLC acquired a new position in Booz Allen Hamilton during the fourth quarter worth $26,000. Fulcrum Asset Management LLP acquired a new position in Booz Allen Hamilton during the third quarter worth $32,000. Finally, PenderFund Capital Management Ltd. bought a new stake in Booz Allen Hamilton during the fourth quarter worth $30,000. Institutional investors own 91.82% of the company’s stock.
Booz Allen Hamilton Stock Up 0.1%
Shares of BAH opened at $77.51 on Monday. The firm has a market cap of $9.32 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 4.00 and a beta of 0.34. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.59 and a current ratio of 1.60. Booz Allen Hamilton Holding Corporation has a 52 week low of $59.50 and a 52 week high of $112.22. The firm’s 50-day simple moving average is $68.83 and its 200 day simple moving average is $75.93.
Booz Allen Hamilton Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, August 14th. Booz Allen Hamilton’s dividend payout ratio is currently 37.11%.
Analysts Set New Price Targets
A number of analysts have commented on BAH shares. Cantor Fitzgerald cut their price target on shares of Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating for the company in a research note on Thursday, July 23rd. TD Cowen cut their target price on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a research note on Tuesday, July 7th. Jefferies Financial Group set a $85.00 price target on Booz Allen Hamilton in a report on Monday, May 11th. JPMorgan Chase & Co. lowered their price target on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 26th. Finally, Truist Financial dropped their price objective on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, July 10th. Three analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $84.08.
Get Our Latest Report on Booz Allen Hamilton
About Booz Allen Hamilton
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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