Booz Allen Hamilton (BAH) Hits New 52-Week High at $58.79

Booz Allen Hamilton Holding Co. (NYSE:BAH) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $58.79 and last traded at $58.63, with a volume of 46108 shares trading hands. The stock had previously closed at $57.48.

A number of research analysts have recently commented on the company. Zacks Investment Research cut Booz Allen Hamilton from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. Wells Fargo & Co set a $58.00 target price on Booz Allen Hamilton and gave the company a “buy” rating in a research note on Saturday, February 2nd. Finally, ValuEngine raised Booz Allen Hamilton from a “hold” rating to a “buy” rating in a research note on Friday, January 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Booz Allen Hamilton presently has an average rating of “Hold” and an average price target of $53.63.

The company has a market capitalization of $8.13 billion, a PE ratio of 29.18, a P/E/G ratio of 1.32 and a beta of 1.08. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.50 and a quick ratio of 1.50.

Booz Allen Hamilton (NYSE:BAH) last announced its quarterly earnings data on Friday, February 1st. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. Booz Allen Hamilton had a return on equity of 61.40% and a net margin of 6.31%. The company had revenue of $1.66 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. Booz Allen Hamilton’s revenue was up 13.1% compared to the same quarter last year. On average, equities analysts anticipate that Booz Allen Hamilton Holding Co. will post 2.72 earnings per share for the current fiscal year.

In related news, Director Charles O. Rossotti sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $53.26, for a total value of $532,600.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Horacio Rozanski sold 45,000 shares of the stock in a transaction that occurred on Thursday, January 31st. The stock was sold at an average price of $49.00, for a total value of $2,205,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 98,625 shares of company stock worth $5,106,885. 3.56% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its position in Booz Allen Hamilton by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 1,481,657 shares of the business services provider’s stock valued at $66,778,000 after acquiring an additional 123,410 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Booz Allen Hamilton by 13.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 17,594 shares of the business services provider’s stock valued at $793,000 after acquiring an additional 2,027 shares in the last quarter. Bank of America Corp DE boosted its position in Booz Allen Hamilton by 7.3% during the 4th quarter. Bank of America Corp DE now owns 1,116,793 shares of the business services provider’s stock valued at $50,335,000 after acquiring an additional 76,187 shares in the last quarter. Bailard Inc. boosted its position in Booz Allen Hamilton by 8.5% during the 4th quarter. Bailard Inc. now owns 57,065 shares of the business services provider’s stock valued at $2,572,000 after acquiring an additional 4,465 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in Booz Allen Hamilton by 3.5% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 22,384 shares of the business services provider’s stock valued at $1,009,000 after acquiring an additional 748 shares in the last quarter. 95.00% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Booz Allen Hamilton (BAH) Hits New 52-Week High at $58.79” was published by WKRB News and is owned by of WKRB News. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.wkrb13.com/2019/04/24/booz-allen-hamilton-bah-hits-new-52-week-high-at-58-79.html.

Booz Allen Hamilton Company Profile (NYSE:BAH)

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.

Read More: What Does Beta Mean In Stock Selection

Receive News & Ratings for Booz Allen Hamilton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Booz Allen Hamilton and related companies with MarketBeat.com's FREE daily email newsletter.