Booz Allen Hamilton Holding Co. (BAH) Stock Rating Reaffirmed by Wells Fargo & Co

Booz Allen Hamilton Holding Co. (NYSE:BAH)‘s stock had its “outperform” rating reissued by analysts at Wells Fargo & Co in a research report issued on Tuesday. They currently have a $42.00 target price on the business services provider’s stock, up from their previous target price of $36.50. Wells Fargo & Co’s price objective would suggest a potential upside of 8.92% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. Cowen and Company reiterated a “buy” rating and set a $43.00 price target on shares of Booz Allen Hamilton Holding in a research note on Monday. Evercore ISI assumed coverage on shares of Booz Allen Hamilton Holding in a research note on Tuesday, April 4th. They set an “in-line” rating and a $38.00 price target on the stock. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Booz Allen Hamilton Holding from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Barclays PLC downgraded shares of Booz Allen Hamilton Holding from an “overweight” rating to an “equal weight” rating and set a $38.00 price target on the stock. in a research note on Monday, May 1st. Finally, Jefferies Group LLC set a $41.00 price target on shares of Booz Allen Hamilton Holding and gave the stock a “buy” rating in a research note on Thursday, March 16th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $40.50.

Analyst Recommendations for Booz Allen Hamilton Holding (NYSE:BAH)

Shares of Booz Allen Hamilton Holding (NYSE:BAH) opened at 38.56 on Tuesday. Booz Allen Hamilton Holding has a one year low of $27.47 and a one year high of $38.89. The firm has a market capitalization of $5.78 billion, a PE ratio of 23.23 and a beta of 1.13. The firm’s 50 day moving average is $35.80 and its 200-day moving average is $35.84.

Booz Allen Hamilton Holding (NYSE:BAH) last posted its quarterly earnings results on Monday, May 22nd. The business services provider reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. Booz Allen Hamilton Holding had a net margin of 4.46% and a return on equity of 52.41%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts predict that Booz Allen Hamilton Holding will post $1.88 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Saturday, June 10th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, June 7th. This represents a $0.68 annualized dividend and a dividend yield of 1.76%. Booz Allen Hamilton Holding’s dividend payout ratio is presently 40.96%.

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In other news, CFO Lloyd Howell, Jr. sold 24,140 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $38.51, for a total value of $929,631.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Joseph W. Mahaffee sold 120,000 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $38.25, for a total transaction of $4,590,000.00. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Nicholas Investment Partners LP increased its stake in shares of Booz Allen Hamilton Holding by 44.3% in the fourth quarter. Nicholas Investment Partners LP now owns 108,766 shares of the business services provider’s stock valued at $3,922,000 after buying an additional 33,367 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Booz Allen Hamilton Holding by 13.7% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 125,781 shares of the business services provider’s stock valued at $4,537,000 after buying an additional 15,113 shares in the last quarter. Norges Bank purchased a new stake in shares of Booz Allen Hamilton Holding during the fourth quarter valued at approximately $41,825,000. Clinton Group Inc. purchased a new stake in shares of Booz Allen Hamilton Holding during the third quarter valued at approximately $1,310,000. Finally, BlackRock Fund Advisors increased its stake in shares of Booz Allen Hamilton Holding by 4.4% in the third quarter. BlackRock Fund Advisors now owns 1,160,338 shares of the business services provider’s stock valued at $36,678,000 after buying an additional 49,281 shares in the last quarter. Institutional investors own 93.23% of the company’s stock.

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.

12 Month Chart for NYSE:BAH

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