Trading Report: Today, Booz Allen Hamilton Holding Corp. (BAH) Given Buy Rating at Jefferies Group

Today, Booz Allen Hamilton Holding Corp. (BAH) Given Buy Rating at Jefferies Group

Booz Allen Hamilton Holding Corp. (NYSE:BAH)‘s stock had its “buy” rating reiterated by Jefferies Group in a report issued on Tuesday. They presently have a $37.00 price objective on the stock.

BAH has been the subject of several other research reports. Zacks Investment Research upgraded Booz Allen Hamilton Holding Corp. from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Monday, September 19th. Barclays PLC restated an “overweight” rating and set a $32.00 target price on shares of Booz Allen Hamilton Holding Corp. in a research report on Sunday, July 31st. Finally, Raymond James Financial Inc. raised shares of Booz Allen Hamilton Holding Corp. from a “market perform” rating to an “outperform” rating and set a $36.00 price target for the company in a research note on Thursday, October 6th. Nine equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and an average target price of $34.50.

Shares of Booz Allen Hamilton Holding Corp. (NYSE:BAH) traded up 0.30% during mid-day trading on Tuesday, reaching $37.00. The company’s stock had a trading volume of 325,597 shares. Booz Allen Hamilton Holding Corp. has a one year low of $25.03 and a one year high of $37.15. The firm has a market cap of $5.52 billion, a PE ratio of 18.46 and a beta of 1.06. The firm’s 50 day moving average is $32.19 and its 200 day moving average is $30.50.

Booz Allen Hamilton Holding Corp. (NYSE:BAH) last announced its earnings results on Wednesday, November 2nd. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.03. Booz Allen Hamilton Holding Corp. had a return on equity of 59.18% and a net margin of 5.48%. The business earned $1.39 billion during the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the business earned $0.39 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Booz Allen Hamilton Holding Corp. will post $1.75 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Thursday, November 10th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, November 8th. This is an increase from Booz Allen Hamilton Holding Corp.’s previous quarterly dividend of $0.13. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.62%. Booz Allen Hamilton Holding Corp.’s dividend payout ratio is presently 30.00%.

In other news, insider Joseph Logue sold 43,777 shares of the company’s stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of $31.59, for a total transaction of $1,382,915.43. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 3.76% of the company’s stock.

Several institutional investors have recently modified their holdings of BAH. Vanguard Group Inc. increased its position in shares of Booz Allen Hamilton Holding Corp. by 13.7% in the second quarter. Vanguard Group Inc. now owns 11,868,692 shares of the company’s stock worth $351,787,000 after buying an additional 1,432,859 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of Booz Allen Hamilton Holding Corp. by 18.7% in the second quarter. William Blair Investment Management LLC now owns 7,741,497 shares of the company’s stock worth $229,458,000 after buying an additional 1,222,049 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Booz Allen Hamilton Holding Corp. by 105.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 6,896,686 shares of the company’s stock worth $218,004,000 after buying an additional 3,541,814 shares during the last quarter. FMR LLC increased its position in shares of Booz Allen Hamilton Holding Corp. by 8.5% in the second quarter. FMR LLC now owns 5,987,923 shares of the company’s stock worth $177,482,000 after buying an additional 471,033 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Booz Allen Hamilton Holding Corp. by 22.7% in the second quarter. Alliancebernstein L.P. now owns 4,241,502 shares of the company’s stock worth $125,718,000 after buying an additional 785,165 shares during the last quarter. 91.75% of the stock is currently owned by institutional investors and hedge funds.

About Booz Allen Hamilton Holding Corp.

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