Booz Allen Hamilton (NYSE:BAH) Sets New 52-Week Low – Here’s What Happened

Shares of Booz Allen Hamilton Holding Corporation (NYSE:BAH) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $68.11 and last traded at $68.3210, with a volume of 445162 shares. The stock had previously closed at $71.10.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on BAH shares. UBS Group reiterated a “neutral” rating and set a $83.00 target price on shares of Booz Allen Hamilton in a research note on Tuesday, May 26th. JPMorgan Chase & Co. dropped their price objective on shares of Booz Allen Hamilton from $97.00 to $85.00 and set an “underweight” rating on the stock in a report on Tuesday, May 26th. William Blair reaffirmed an “outperform” rating on shares of Booz Allen Hamilton in a research report on Tuesday, March 3rd. Stifel Nicolaus set a $110.00 target price on shares of Booz Allen Hamilton and gave the company a “buy” rating in a research note on Tuesday, May 26th. Finally, Truist Financial decreased their target price on Booz Allen Hamilton from $98.00 to $85.00 and set a “hold” rating on the stock in a research report on Monday, April 20th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Booz Allen Hamilton presently has a consensus rating of “Reduce” and an average target price of $88.00.

Booz Allen Hamilton Price Performance

The company has a debt-to-equity ratio of 3.55, a current ratio of 1.78 and a quick ratio of 1.78. The stock has a market capitalization of $7.97 billion, a P/E ratio of 9.66, a PEG ratio of 3.79 and a beta of 0.32. The company’s 50 day simple moving average is $77.50 and its two-hundred day simple moving average is $82.34.

Booz Allen Hamilton (NYSE:BAH) last posted its quarterly earnings data on Friday, May 22nd. The business services provider reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.46. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $2.87 billion. Booz Allen Hamilton had a net margin of 7.59% and a return on equity of 76.07%. The company’s revenue was down 5.9% on a year-over-year basis. During the same quarter last year, the business posted $1.61 earnings per share. Booz Allen Hamilton has set its FY 2027 guidance at 6.000-6.350 EPS. As a group, equities analysts expect that Booz Allen Hamilton Holding Corporation will post 6.23 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Wednesday, June 10th will be given a $0.59 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $2.36 annualized dividend and a yield of 3.5%. Booz Allen Hamilton’s payout ratio is presently 34.25%.

Institutional Trading of Booz Allen Hamilton

Several large investors have recently made changes to their positions in the business. Activest Wealth Management raised its holdings in shares of Booz Allen Hamilton by 141.3% in the fourth quarter. Activest Wealth Management now owns 304 shares of the business services provider’s stock valued at $26,000 after buying an additional 178 shares during the last quarter. Torren Management LLC acquired a new position in Booz Allen Hamilton during the 4th quarter worth about $26,000. Rakuten Securities Inc. grew its holdings in Booz Allen Hamilton by 414.6% during the 2nd quarter. Rakuten Securities Inc. now owns 247 shares of the business services provider’s stock worth $26,000 after acquiring an additional 199 shares during the last quarter. Aventura Private Wealth LLC bought a new stake in Booz Allen Hamilton during the 4th quarter worth about $27,000. Finally, PenderFund Capital Management Ltd. acquired a new stake in Booz Allen Hamilton in the 4th quarter valued at about $30,000. Institutional investors own 91.82% of the company’s stock.

About Booz Allen Hamilton

Booz Allen Hamilton Holding Corporation is a publicly traded management and technology consulting firm headquartered in McLean, Virginia. The company provides a wide range of professional services and solutions in strategy, analytics, digital transformation, engineering and cyber security. Its expertise spans from supporting federal civilian agencies to defense, intelligence and homeland security organizations, as well as select commercial industries.

Key offerings include data analytics and artificial intelligence applications, software development and modernization, systems integration, and cyber risk management.