Booz Allen Hamilton (NYSE:BAH) Stock Price Down 5.2% – Here’s What Happened

Booz Allen Hamilton Holding Co. (NYSE:BAH)’s share price was down 5.2% on Wednesday . The stock traded as low as $134.31 and last traded at $134.37. Approximately 1,556,414 shares changed hands during mid-day trading, an increase of 81% from the average daily volume of 858,185 shares. The stock had previously closed at $141.78.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BAH. The Goldman Sachs Group lifted their price objective on Booz Allen Hamilton from $174.00 to $196.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Barclays raised their target price on shares of Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Jefferies Financial Group lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their price target for the company from $180.00 to $190.00 in a report on Monday, November 4th. UBS Group began coverage on shares of Booz Allen Hamilton in a report on Monday, December 2nd. They issued a “neutral” rating and a $159.00 price target on the stock. Finally, Truist Financial lowered their price objective on shares of Booz Allen Hamilton from $185.00 to $155.00 and set a “hold” rating for the company in a research note on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $171.67.

Booz Allen Hamilton Trading Down 4.8 %

The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 2.76. The firm has a market cap of $17.25 billion, a PE ratio of 22.26, a PEG ratio of 1.75 and a beta of 0.52. The stock’s fifty day simple moving average is $161.52 and its two-hundred day simple moving average is $156.27.

Booz Allen Hamilton Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Friday, November 15th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $2.04 annualized dividend and a dividend yield of 1.51%. Booz Allen Hamilton’s payout ratio is presently 32.03%.

Insider Buying and Selling at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 4,065 shares of Booz Allen Hamilton stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $165.00, for a total value of $670,725.00. Following the completion of the sale, the chief financial officer now owns 29,618 shares of the company’s stock, valued at $4,886,970. The trade was a 12.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Richard Crowe sold 4,243 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $165.00, for a total value of $700,095.00. Following the sale, the executive vice president now owns 25,496 shares of the company’s stock, valued at approximately $4,206,840. This trade represents a 14.27 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,173 shares of company stock worth $1,989,220. 1.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

A number of large investors have recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its holdings in Booz Allen Hamilton by 3.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 1,822 shares of the business services provider’s stock worth $297,000 after purchasing an additional 59 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Booz Allen Hamilton by 4.5% in the second quarter. First Horizon Advisors Inc. now owns 1,596 shares of the business services provider’s stock worth $246,000 after buying an additional 69 shares during the period. X Square Capital LLC lifted its position in shares of Booz Allen Hamilton by 0.7% during the 2nd quarter. X Square Capital LLC now owns 10,509 shares of the business services provider’s stock valued at $1,617,000 after buying an additional 72 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Booz Allen Hamilton by 13.0% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 685 shares of the business services provider’s stock valued at $111,000 after acquiring an additional 79 shares during the period. Finally, CIBC Asset Management Inc increased its holdings in Booz Allen Hamilton by 1.9% in the 2nd quarter. CIBC Asset Management Inc now owns 4,448 shares of the business services provider’s stock worth $685,000 after acquiring an additional 82 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.