Booz Allen Hamilton (BAH) Sets New 52-Week High at $55.39

Booz Allen Hamilton Holding Co. (NYSE:BAH)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $55.39 and last traded at $55.22, with a volume of 2262523 shares traded. The stock had previously closed at $53.32.

Several brokerages recently issued reports on BAH. Zacks Investment Research upgraded Booz Allen Hamilton from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective on the stock in a research note on Wednesday, January 16th. ValuEngine upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research note on Friday, January 4th. Finally, Wells Fargo & Co set a $58.00 price objective on Booz Allen Hamilton and gave the stock a “buy” rating in a research note on Saturday, February 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Booz Allen Hamilton has a consensus rating of “Buy” and an average price target of $53.63.

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The company has a debt-to-equity ratio of 2.54, a current ratio of 1.50 and a quick ratio of 1.50. The stock has a market capitalization of $7.47 billion, a price-to-earnings ratio of 27.47, a price-to-earnings-growth ratio of 1.36 and a beta of 1.14.

Booz Allen Hamilton (NYSE:BAH) last issued its earnings results on Friday, February 1st. The business services provider reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.14. Booz Allen Hamilton had a return on equity of 61.40% and a net margin of 6.31%. The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same period last year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, research analysts predict that Booz Allen Hamilton Holding Co. will post 2.72 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Thursday, February 14th were given a $0.23 dividend. The ex-dividend date was Wednesday, February 13th. This is a positive change from Booz Allen Hamilton’s previous quarterly dividend of $0.19. This represents a $0.92 annualized dividend and a yield of 1.67%. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 45.77%.

In other Booz Allen Hamilton news, insider Horacio Rozanski sold 45,000 shares of the stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $49.00, for a total value of $2,205,000.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Charles O. Rossotti sold 10,000 shares of the stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $53.26, for a total value of $532,600.00. The disclosure for this sale can be found here. Insiders sold 83,625 shares of company stock worth $4,281,585 over the last ninety days. 3.56% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of BAH. BlackRock Inc. increased its holdings in shares of Booz Allen Hamilton by 22.3% during the third quarter. BlackRock Inc. now owns 10,163,902 shares of the business services provider’s stock valued at $504,433,000 after purchasing an additional 1,853,333 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Booz Allen Hamilton by 541.4% during the third quarter. JPMorgan Chase & Co. now owns 1,885,425 shares of the business services provider’s stock valued at $93,574,000 after purchasing an additional 1,591,484 shares during the period. Norges Bank acquired a new position in shares of Booz Allen Hamilton during the fourth quarter valued at $56,685,000. FMR LLC increased its holdings in shares of Booz Allen Hamilton by 61.8% during the fourth quarter. FMR LLC now owns 3,216,528 shares of the business services provider’s stock valued at $144,968,000 after purchasing an additional 1,228,961 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Booz Allen Hamilton by 38,875.4% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 834,074 shares of the business services provider’s stock valued at $37,591,000 after purchasing an additional 831,934 shares during the period. 95.44% of the stock is currently owned by institutional investors.

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About Booz Allen Hamilton (NYSE:BAH)

Booz Allen Hamilton Holding Corporation provides management and technology consulting, engineering, analytics, digital, mission operations, and cyber solutions to governments, corporations, and not-for-profit organizations in the United States and internationally. The company offers consulting solutions for various domains, business strategies, human capital, and operations.

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