Booz Allen Hamilton (NYSE:BAH) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Booz Allen Hamilton (NYSE:BAH) from a hold rating to a buy rating in a research note released on Saturday morning,Wall Street Zen reports.

Several other equities analysts also recently commented on BAH. TD Cowen lowered their target price on shares of Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating on the stock in a research report on Tuesday, July 7th. Truist Financial reduced their price target on Booz Allen Hamilton from $85.00 to $70.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Bank of America decreased their price target on Booz Allen Hamilton from $90.00 to $75.00 and set an “underperform” rating for the company in a research note on Monday, July 20th. Cantor Fitzgerald lowered their price objective on Booz Allen Hamilton from $160.00 to $140.00 and set an “overweight” rating on the stock in a report on Thursday, July 23rd. Finally, JPMorgan Chase & Co. cut their price objective on Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 26th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $83.69.

Booz Allen Hamilton Stock Performance

Shares of NYSE BAH opened at $72.94 on Friday. Booz Allen Hamilton has a 1 year low of $59.50 and a 1 year high of $109.10. The firm has a market cap of $8.77 billion, a P/E ratio of 11.47, a PEG ratio of 3.76 and a beta of 0.36. The stock has a fifty day moving average price of $70.29 and a two-hundred day moving average price of $74.87. 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 (NYSE:BAH) last announced its earnings results on Friday, July 24th. The business services provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.49 by $0.32. Booz Allen Hamilton had a return on equity of 76.71% and a net margin of 7.01%.The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the business posted $1.48 earnings per share. Booz Allen Hamilton’s 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. Research analysts forecast that Booz Allen Hamilton will post 6.33 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders 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 yield of 3.2%. The ex-dividend date was Friday, August 14th. Booz Allen Hamilton’s dividend payout ratio is 37.11%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Booz Allen Hamilton by 22.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,167 shares of the business services provider’s stock worth $2,737,000 after buying an additional 4,870 shares in the last quarter. NewEdge Advisors LLC increased its stake in Booz Allen Hamilton by 365.0% in the 1st quarter. NewEdge Advisors LLC now owns 11,750 shares of the business services provider’s stock valued at $1,229,000 after buying an additional 9,223 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Booz Allen Hamilton by 53.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 4,460 shares of the business services provider’s stock valued at $464,000 after purchasing an additional 1,559 shares during the period. EverSource Wealth Advisors LLC raised its stake in Booz Allen Hamilton by 132.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,429 shares of the business services provider’s stock valued at $149,000 after buying an additional 815 shares during the period. Finally, Cresset Asset Management LLC lifted its holdings in Booz Allen Hamilton by 6.2% during the 2nd quarter. Cresset Asset Management LLC now owns 3,257 shares of the business services provider’s stock valued at $339,000 after purchasing an additional 191 shares during the last quarter. 91.82% of the stock is owned by institutional investors.

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.