Booz Allen Hamilton Holding Co. (BAH) Receives Buy Rating from Vertical Group

Vertical Group reissued their buy rating on shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) in a report released on Friday. The firm currently has a $42.00 price objective on the stock.

Several other brokerages also recently commented on BAH. Barclays PLC reissued a buy rating and issued a $38.00 price target on shares of Booz Allen Hamilton Holding in a report on Friday, January 20th. Bank of America Corp raised shares of Booz Allen Hamilton Holding from a neutral rating to a buy rating in a report on Friday, November 18th. Drexel Hamilton reissued a buy rating and issued a $44.00 price target (up from $37.00) on shares of Booz Allen Hamilton Holding in a report on Friday, December 30th. Jefferies Group LLC set a $41.00 price target on shares of Booz Allen Hamilton Holding and gave the company a buy rating in a report on Thursday. Finally, Zacks Investment Research raised shares of Booz Allen Hamilton Holding from a sell rating to a hold rating in a report on Tuesday, February 7th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $39.57.

Booz Allen Hamilton Holding (NYSE:BAH) traded down 0.40% during mid-day trading on Friday, reaching $37.47. The company had a trading volume of 281,221 shares. The firm has a 50-day moving average price of $35.48 and a 200 day moving average price of $34.02. Booz Allen Hamilton Holding has a 12-month low of $27.02 and a 12-month high of $38.54. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 22.57 and a beta of 1.13.

Booz Allen Hamilton Holding (NYSE:BAH) last released its quarterly earnings data on Monday, January 30th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The business earned $1.40 billion during the quarter, compared to the consensus estimate of $1.37 billion. Booz Allen Hamilton Holding had a return on equity of 52.41% and a net margin of 4.46%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business posted $0.41 earnings per share. Analysts expect that Booz Allen Hamilton Holding will post $1.73 EPS for the current year.

Your IP Address:

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Friday, February 10th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.81%. This is an increase from Booz Allen Hamilton Holding’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, February 8th. Booz Allen Hamilton Holding’s dividend payout ratio (DPR) is presently 40.96%.

In other Booz Allen Hamilton Holding news, Director Philip A. Odeen sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 8th. The shares were sold at an average price of $34.06, for a total value of $340,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.76% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Westwood Holdings Group Inc. increased its stake in Booz Allen Hamilton Holding by 8.3% in the fourth quarter. Westwood Holdings Group Inc. now owns 5,920,115 shares of the company’s stock worth $213,538,000 after buying an additional 454,554 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Booz Allen Hamilton Holding by 9.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 4,235,530 shares of the company’s stock worth $133,885,000 after buying an additional 381,609 shares in the last quarter. Victory Capital Management Inc. increased its stake in Booz Allen Hamilton Holding by 7.2% in the third quarter. Victory Capital Management Inc. now owns 3,278,301 shares of the company’s stock worth $103,627,000 after buying an additional 220,409 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in Booz Allen Hamilton Holding by 6.1% in the fourth quarter. Burgundy Asset Management Ltd. now owns 2,377,575 shares of the company’s stock worth $85,759,000 after buying an additional 136,745 shares in the last quarter. Finally, Channing Capital Management LLC increased its stake in Booz Allen Hamilton Holding by 1.3% in the third quarter. Channing Capital Management LLC now owns 2,363,326 shares of the company’s stock worth $74,705,000 after buying an additional 31,194 shares in the last quarter. 93.23% of the stock is owned by hedge funds and other institutional investors.

About Booz Allen Hamilton Holding

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

5 Day Chart for NYSE:BAH

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/booz-allen-hamilton-holding-co-bah-receives-buy-rating-from-vertical-group/1709184.html

Receive News & Ratings for Booz Allen Hamilton Holding Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton Holding Co. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *