Drexel Hamilton Reaffirms “Hold” Rating for Booz Allen Hamilton (BAH)

Drexel Hamilton reissued their hold rating on shares of Booz Allen Hamilton (NYSE:BAH) in a research note released on Monday morning.

Several other brokerages have also commented on BAH. Zacks Investment Research raised Booz Allen Hamilton from a hold rating to a buy rating and set a $56.00 price objective for the company in a report on Monday, October 1st. Cowen reissued a buy rating and set a $54.00 price objective on shares of Booz Allen Hamilton in a report on Monday. Vertical Research lowered Booz Allen Hamilton from a buy rating to a hold rating in a report on Monday, July 9th. Finally, Raymond James raised Booz Allen Hamilton from a market perform rating to an outperform rating in a report on Tuesday, July 31st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $52.89.

Shares of BAH opened at $49.54 on Monday. Booz Allen Hamilton has a twelve month low of $35.21 and a twelve month high of $52.56. The stock has a market cap of $6.84 billion, a PE ratio of 20.02, a P/E/G ratio of 1.63 and a beta of 1.17. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 2.67.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings results on Monday, October 29th. The business services provider reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.08. Booz Allen Hamilton had a return on equity of 58.75% and a net margin of 5.50%. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the business posted $0.50 earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. As a group, sell-side analysts predict that Booz Allen Hamilton will post 2.63 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Wednesday, November 14th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, November 13th. Booz Allen Hamilton’s payout ratio is 37.81%.

In other Booz Allen Hamilton news, Director Ralph W. Shrader sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $51.06, for a total value of $1,531,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gretchen W. Mcclain sold 1,985 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $50.03, for a total value of $99,309.55. The disclosure for this sale can be found here. Insiders have sold 58,985 shares of company stock valued at $3,012,890 in the last three months. 3.56% of the stock is owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Booz Allen Hamilton in the second quarter valued at approximately $144,000. Steward Partners Investment Advisory LLC lifted its position in Booz Allen Hamilton by 85.3% in the third quarter. Steward Partners Investment Advisory LLC now owns 3,814 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 1,756 shares during the last quarter. Fiduciary Trust Co. bought a new stake in Booz Allen Hamilton in the second quarter valued at approximately $208,000. Welch & Forbes LLC bought a new stake in Booz Allen Hamilton in the second quarter valued at approximately $212,000. Finally, Tower Research Capital LLC TRC bought a new stake in Booz Allen Hamilton in the second quarter valued at approximately $213,000. 93.25% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Company Profile

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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Analyst Recommendations for Booz Allen Hamilton (NYSE:BAH)

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