GW&K Investment Management LLC grew its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 13.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 790,034 shares of the business services provider’s stock after purchasing an additional 92,919 shares during the quarter. Booz Allen Hamilton comprises about 0.8% of GW&K Investment Management LLC’s investment portfolio, making the stock its 23rd biggest position. GW&K Investment Management LLC owned approximately 0.56% of Booz Allen Hamilton worth $56,108,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Quest Capital Management Inc. ADV bought a new position in Booz Allen Hamilton in the 3rd quarter worth $26,000. First Financial Corp IN bought a new position in Booz Allen Hamilton in the 3rd quarter worth $28,000. Point72 Asset Management L.P. bought a new position in Booz Allen Hamilton in the 2nd quarter worth $26,000. Pearl River Capital LLC bought a new position in Booz Allen Hamilton in the 2nd quarter worth $33,000. Finally, Capital Investment Advisory Services LLC bought a new position in Booz Allen Hamilton in the 2nd quarter worth $42,000. Institutional investors and hedge funds own 91.27% of the company’s stock.
NYSE BAH traded up $0.10 during midday trading on Friday, hitting $71.79. The company had a trading volume of 1,351,279 shares, compared to its average volume of 1,027,747. The company has a quick ratio of 1.75, a current ratio of 1.79 and a debt-to-equity ratio of 2.77. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 26.01, a P/E/G ratio of 1.76 and a beta of 0.90. The firm has a fifty day simple moving average of $70.64 and a two-hundred day simple moving average of $67.93. Booz Allen Hamilton Holding Co. has a fifty-two week low of $43.24 and a fifty-two week high of $78.01.
Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings results on Friday, November 1st. The business services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.11. The company had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.78 billion. Booz Allen Hamilton had a net margin of 6.40% and a return on equity of 57.89%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. As a group, equities analysts predict that Booz Allen Hamilton Holding Co. will post 3.11 earnings per share for the current year.
The business also recently declared a dividend, which will be paid on Monday, December 2nd. Shareholders of record on Thursday, November 14th will be given a $0.27 dividend. This is a positive change from Booz Allen Hamilton’s previous dividend of $0.13. The ex-dividend date of this dividend is Wednesday, November 13th. Booz Allen Hamilton’s dividend payout ratio (DPR) is currently 33.33%.
Several research analysts recently commented on the stock. SunTrust Banks lifted their target price on shares of Booz Allen Hamilton to $88.00 and gave the stock a “buy” rating in a report on Monday, November 4th. Cowen restated a “buy” rating and issued a $85.00 price target on shares of Booz Allen Hamilton in a research report on Sunday, November 3rd. Citigroup raised their price target on shares of Booz Allen Hamilton from $65.00 to $71.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Morgan Stanley raised their price target on shares of Booz Allen Hamilton from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Finally, ValuEngine lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $76.67.
Booz Allen Hamilton 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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