Booz Allen Hamilton (NYSE:BAH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Booz Allen Hamilton (NYSE:BAH – Free Report) from a hold rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

Several other research firms have also issued reports on BAH. The Goldman Sachs Group dropped their price objective on Booz Allen Hamilton from $74.00 to $65.00 and set a “sell” rating on the stock in a research note on Tuesday, July 14th. Jefferies Financial Group reissued a “hold” rating and set a $80.00 target price on shares of Booz Allen Hamilton in a report on Tuesday, September 1st. Weiss Ratings cut Booz Allen Hamilton from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 8th. Truist Financial cut their price target on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a report on Friday, July 10th. Finally, Cantor Fitzgerald reduced their price objective on shares of Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating for the company in a research report on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $83.69.

Get Our Latest Analysis on Booz Allen Hamilton

Booz Allen Hamilton Stock Performance

Shares of BAH opened at $68.76 on Friday. The company has a market cap of $8.27 billion, a PE ratio of 10.81, a price-to-earnings-growth ratio of 1.62 and a beta of 0.37. The firm has a 50-day moving average of $74.38 and a 200-day moving average of $74.26. Booz Allen Hamilton has a one year low of $59.50 and a one year high of $109.10. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.60 and a quick ratio of 1.59.

Booz Allen Hamilton (NYSE:BAH – Get Free Report) last issued its earnings results on Friday, July 24th. The business services provider reported $1.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.32. Booz Allen Hamilton had a net margin of 7.01% and a return on equity of 76.71%. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the prior year, the firm earned $1.48 EPS. Booz Allen Hamilton’s quarterly revenue was down 4.2% compared to the same quarter last year. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.35 EPS. As a group, equities analysts forecast that Booz Allen Hamilton will post 6.34 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 14th. Booz Allen Hamilton’s payout ratio is currently 37.11%.

Hedge Funds Weigh In On Booz Allen Hamilton

Several institutional investors and hedge funds have recently made changes to their positions in BAH. Versant Capital Management Inc lifted its holdings in Booz Allen Hamilton by 30.8% during the 3rd quarter. Versant Capital Management Inc now owns 768 shares of the business services provider’s stock worth $53,000 after purchasing an additional 181 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Booz Allen Hamilton by 74.7% in the 2nd quarter. QRG Capital Management Inc. now owns 5,119 shares of the business services provider’s stock valued at $311,000 after buying an additional 2,189 shares in the last quarter. Security National Bank of SO Dak grew its holdings in Booz Allen Hamilton by 0.8% in the 2nd quarter. Security National Bank of SO Dak now owns 19,348 shares of the business services provider’s stock valued at $1,174,000 after buying an additional 158 shares in the last quarter. Security National Bank of Sioux City Iowa IA increased its position in Booz Allen Hamilton by 39.4% during the 2nd quarter. Security National Bank of Sioux City Iowa IA now owns 29,185 shares of the business services provider’s stock worth $1,771,000 after buying an additional 8,245 shares during the period. Finally, Sequoia Financial Advisors LLC increased its position in Booz Allen Hamilton by 8.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,003 shares of the business services provider’s stock worth $243,000 after buying an additional 295 shares during the period. Institutional investors and hedge funds own 91.82% of the company’s stock.

About Booz Allen Hamilton

(Get Free Report)

Booz Allen Hamilton Holding Corporation is a management and technology consulting company that primarily serves the U.S. government, including defense, intelligence, civil, and health agencies. The company helps clients address complex national security, public-sector, and business challenges through consulting, engineering, technology integration, and mission-support services.

Its capabilities include artificial intelligence and data analytics, cybersecurity, digital transformation, cloud computing, systems engineering, software development, program management, and organizational strategy.

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Analyst Recommendations for Booz Allen Hamilton (NYSE:BAH)

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