Booz Allen Hamilton (NYSE:BAH) Trading Down 6.4% – Time to Sell?

Booz Allen Hamilton Holding Co. (NYSE:BAH)’s stock price fell 6.4% on Thursday . The stock traded as low as $159.89 and last traded at $161.07. 956,864 shares traded hands during trading, an increase of 31% from the average session volume of 728,000 shares. The stock had previously closed at $172.00.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. TD Cowen cut their price objective on Booz Allen Hamilton from $185.00 to $165.00 and set a “buy” rating for the company in a report on Monday, July 29th. JPMorgan Chase & Co. cut shares of Booz Allen Hamilton from a “neutral” rating to an “underweight” rating and increased their price target for the company from $154.00 to $158.00 in a research note on Wednesday, October 2nd. StockNews.com lowered shares of Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Truist Financial upped their target price on shares of Booz Allen Hamilton from $165.00 to $185.00 and gave the company a “hold” rating in a report on Monday, October 28th. Finally, Barclays lifted their price target on Booz Allen Hamilton from $142.00 to $175.00 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Booz Allen Hamilton currently has an average rating of “Hold” and an average price target of $180.63.

Booz Allen Hamilton Stock Performance

The company’s fifty day simple moving average is $165.64 and its two-hundred day simple moving average is $156.96. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market capitalization of $19.09 billion, a P/E ratio of 23.45, a PEG ratio of 2.06 and a beta of 0.58.

Booz Allen Hamilton Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Friday, November 15th will be issued a dividend of $0.51 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $2.04 annualized dividend and a yield of 1.37%. Booz Allen Hamilton’s payout ratio is currently 32.03%.

Insider Buying and Selling at Booz Allen Hamilton

In related news, CFO Matthew Calderone sold 3,865 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $160.00, for a total value of $618,400.00. Following the transaction, the chief financial officer now directly owns 33,683 shares in the company, valued at approximately $5,389,280. This represents a 10.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Richard Crowe sold 4,243 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $165.00, for a total transaction of $700,095.00. Following the transaction, the executive vice president now directly owns 25,496 shares in the company, valued at approximately $4,206,840. This represents a 14.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,173 shares of company stock valued at $1,989,220 in the last ninety days. 1.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Booz Allen Hamilton

Several institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in Booz Allen Hamilton by 2.5% in the 3rd quarter. Geode Capital Management LLC now owns 2,341,533 shares of the business services provider’s stock valued at $381,898,000 after acquiring an additional 58,038 shares in the last quarter. Brophy Wealth Management LLC bought a new position in shares of Booz Allen Hamilton in the third quarter worth $429,000. Barclays PLC raised its stake in Booz Allen Hamilton by 17.1% in the third quarter. Barclays PLC now owns 101,365 shares of the business services provider’s stock valued at $16,497,000 after purchasing an additional 14,826 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Booz Allen Hamilton by 6.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 37,027 shares of the business services provider’s stock worth $6,027,000 after purchasing an additional 2,328 shares during the period. Finally, MML Investors Services LLC grew its stake in Booz Allen Hamilton by 3.0% during the third quarter. MML Investors Services LLC now owns 40,390 shares of the business services provider’s stock worth $6,574,000 after buying an additional 1,160 shares in the last quarter. 91.82% of the stock is currently owned by institutional investors.

Booz Allen Hamilton Company Profile

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