Booz Allen Hamilton Holding Co. (BAH) Director Sells $532,600.00 in Stock
Booz Allen Hamilton Holding Co. (NYSE:BAH) Director Charles O. Rossotti sold 10,000 shares of the business’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $53.26, for a total transaction of $532,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.
BAH stock opened at $54.45 on Friday. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.50 and a quick ratio of 1.45. Booz Allen Hamilton Holding Co. has a 1-year low of $35.23 and a 1-year high of $54.46. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 27.09, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.
Booz Allen Hamilton (NYSE:BAH) last released its earnings results on Friday, February 1st. The business services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. Booz Allen Hamilton had a net margin of 6.31% and a return on equity of 61.40%. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The firm’s revenue for the quarter was up 13.1% compared to the same quarter last year. Equities research analysts predict that Booz Allen Hamilton Holding Co. will post 2.72 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in BAH. Northern Trust Corp increased its stake in Booz Allen Hamilton by 1.0% during the second quarter. Northern Trust Corp now owns 984,495 shares of the business services provider’s stock valued at $43,052,000 after purchasing an additional 9,986 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Booz Allen Hamilton during the third quarter valued at $237,000. Clinton Group Inc. bought a new stake in Booz Allen Hamilton during the third quarter valued at $746,000. Bank of Montreal Can increased its stake in Booz Allen Hamilton by 9.0% during the third quarter. Bank of Montreal Can now owns 284,767 shares of the business services provider’s stock valued at $14,133,000 after purchasing an additional 23,570 shares during the last quarter. Finally, First Hawaiian Bank bought a new stake in Booz Allen Hamilton during the third quarter valued at $848,000. Hedge funds and other institutional investors own 93.06% of the company’s stock.
Several analysts recently issued reports on BAH shares. Wells Fargo & Co set a $58.00 price target on shares of Booz Allen Hamilton and gave the company a “buy” rating in a report on Saturday, February 2nd. Drexel Hamilton reaffirmed a “hold” rating on shares of Booz Allen Hamilton in a report on Monday, October 29th. Citigroup upped their price target on shares of Booz Allen Hamilton from $46.00 to $52.00 and gave the company a “neutral” rating in a report on Tuesday, October 30th. Raymond James upped their price target on shares of Booz Allen Hamilton from $53.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, October 29th. Finally, Credit Suisse Group upped their price target on shares of Booz Allen Hamilton from $53.00 to $56.00 and gave the company an “outperform” rating in a report on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $53.63.
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About Booz Allen Hamilton
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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