Dimensional Fund Advisors LP Cuts Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Posted by Defense World Staff on Sep 8th, 2023

Dimensional Fund Advisors LP decreased its position in Booz Allen Hamilton Holding Co. (NYSE:BAH – Free Report) by 3.3% during the first quarter, Holdings Channel reports. The firm owned 1,205,812 shares of the business services provider’s stock after selling 41,274 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Booz Allen Hamilton were worth $111,761,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BAH. Price T Rowe Associates Inc. MD increased its position in shares of Booz Allen Hamilton by 1.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 10,739,695 shares of the business services provider’s stock worth $1,122,513,000 after acquiring an additional 159,101 shares during the period. Morgan Stanley increased its position in shares of Booz Allen Hamilton by 312.6% during the fourth quarter. Morgan Stanley now owns 5,079,195 shares of the business services provider’s stock worth $530,878,000 after acquiring an additional 3,848,242 shares during the period. State Street Corp increased its position in shares of Booz Allen Hamilton by 1.5% during the third quarter. State Street Corp now owns 2,963,488 shares of the business services provider’s stock worth $273,678,000 after acquiring an additional 43,441 shares during the period. 1832 Asset Management L.P. increased its position in shares of Booz Allen Hamilton by 10.4% during the fourth quarter. 1832 Asset Management L.P. now owns 2,900,583 shares of the business services provider’s stock worth $303,169,000 after acquiring an additional 273,441 shares during the period. Finally, First Trust Advisors LP increased its position in shares of Booz Allen Hamilton by 10.9% during the first quarter. First Trust Advisors LP now owns 2,521,503 shares of the business services provider’s stock worth $221,489,000 after acquiring an additional 247,271 shares during the period. Hedge funds and other institutional investors own 90.32% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BAH shares. TD Cowen upped their price objective on Booz Allen Hamilton from $123.00 to $144.00 and gave the stock an “outperform” rating in a research report on Monday, July 31st. 51job reissued a “maintains” rating on shares of Booz Allen Hamilton in a report on Wednesday, May 31st. StockNews.com assumed coverage on Booz Allen Hamilton in a report on Thursday, August 17th. They issued a “hold” rating on the stock. Stifel Nicolaus increased their target price on Booz Allen Hamilton from $125.00 to $127.00 and gave the company a “buy” rating in a report on Friday, July 28th. Finally, Bank of America increased their target price on Booz Allen Hamilton from $105.00 to $110.00 in a report on Wednesday, June 7th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Booz Allen Hamilton has an average rating of “Moderate Buy” and an average price target of $119.00.

Check Out Our Latest Analysis on Booz Allen Hamilton

Insider Transactions at Booz Allen Hamilton

In other news, EVP Nancy Laben sold 4,117 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $105.00, for a total transaction of $432,285.00. Following the completion of the sale, the executive vice president now owns 32,614 shares in the company, valued at $3,424,470. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Melody C. Barnes sold 824 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $113.60, for a total transaction of $93,606.40. Following the completion of the sale, the director now owns 17,590 shares in the company, valued at $1,998,224. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Nancy Laben sold 4,117 shares of the stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $105.00, for a total transaction of $432,285.00. Following the sale, the executive vice president now owns 32,614 shares of the company’s stock, valued at approximately $3,424,470. The disclosure for this sale can be found here. Over the last quarter, insiders sold 199,144 shares of company stock worth $23,012,041. Company insiders own 1.76% of the company’s stock.

Booz Allen Hamilton Stock Performance

NYSE BAH opened at $112.71 on Friday. The company has a debt-to-equity ratio of 2.71, a current ratio of 1.21 and a quick ratio of 1.21. Booz Allen Hamilton Holding Co. has a 1 year low of $87.99 and a 1 year high of $125.19. The company has a market capitalization of $14.77 billion, a PE ratio of 51.00, a P/E/G ratio of 2.24 and a beta of 0.61. The company has a fifty day moving average of $116.23 and a two-hundred day moving average of $103.60.

Booz Allen Hamilton (NYSE:BAH – Get Free Report) last released its quarterly earnings data on Friday, July 28th. The business services provider reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.22. Booz Allen Hamilton had a net margin of 3.05% and a return on equity of 58.40%. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.50 billion. As a group, analysts expect that Booz Allen Hamilton Holding Co. will post 5.03 earnings per share for the current year.

Booz Allen Hamilton Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were paid a $0.47 dividend. The ex-dividend date was Monday, August 14th. This represents a $1.88 annualized dividend and a yield of 1.67%. Booz Allen Hamilton’s dividend payout ratio is presently 85.07%.

Booz Allen Hamilton Company Profile

(Free Report)

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 also focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.