The Booz Allen Hamilton Holding Corp. (BAH) Shares Bought by BlackRock Advisors LLC

The Booz Allen Hamilton Holding Corp. (BAH) Shares Bought by BlackRock Advisors LLC

BlackRock Advisors LLC boosted its position in shares of Booz Allen Hamilton Holding Corp. (NYSE:BAH) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,233 shares of the company’s stock after buying an additional 1,298 shares during the period. BlackRock Advisors LLC’s holdings in Booz Allen Hamilton Holding Corp. were worth $2,125,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Channing Capital Management LLC raised its position in Booz Allen Hamilton Holding Corp. by 3.6% in the second quarter. Channing Capital Management LLC now owns 2,332,132 shares of the company’s stock worth $69,124,000 after buying an additional 81,526 shares in the last quarter. Macquarie Group Ltd. raised its position in Booz Allen Hamilton Holding Corp. by 10.9% in the second quarter. Macquarie Group Ltd. now owns 198,974 shares of the company’s stock worth $5,898,000 after buying an additional 19,500 shares in the last quarter. Hilton Capital Management LLC raised its position in Booz Allen Hamilton Holding Corp. by 5.7% in the third quarter. Hilton Capital Management LLC now owns 189,772 shares of the company’s stock worth $5,999,000 after buying an additional 10,269 shares in the last quarter. Boston Advisors LLC raised its position in Booz Allen Hamilton Holding Corp. by 3.9% in the second quarter. Boston Advisors LLC now owns 467,693 shares of the company’s stock worth $13,862,000 after buying an additional 17,377 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Booz Allen Hamilton Holding Corp. by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 342,796 shares of the company’s stock worth $10,836,000 after buying an additional 28,425 shares in the last quarter. 92.46% of the stock is currently owned by institutional investors.

Shares of Booz Allen Hamilton Holding Corp. (NYSE:BAH) traded down 0.73% during midday trading on Thursday, reaching $35.59. 506,158 shares of the company’s stock traded hands. Booz Allen Hamilton Holding Corp. has a 52-week low of $25.03 and a 52-week high of $38.54. The stock has a 50 day moving average of $36.57 and a 200-day moving average of $32.53. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 17.76 and a beta of 1.11.

Booz Allen Hamilton Holding Corp. (NYSE:BAH) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The company earned $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. Booz Allen Hamilton Holding Corp. had a return on equity of 59.18% and a net margin of 5.48%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. On average, equities research analysts expect that Booz Allen Hamilton Holding Corp. will post $1.75 EPS for the current year.

BAH has been the topic of a number of recent analyst reports. Bank of America Corp. raised shares of Booz Allen Hamilton Holding Corp. from a “neutral” rating to a “buy” rating in a research report on Friday, November 18th. Jefferies Group reissued a “buy” rating and issued a $37.00 price target on shares of Booz Allen Hamilton Holding Corp. in a research report on Tuesday, November 8th. Drexel Hamilton reaffirmed a “buy” rating and set a $44.00 target price (up previously from $37.00) on shares of Booz Allen Hamilton Holding Corp. in a research report on Friday, December 30th. Finally, Raymond James Financial Inc. raised shares of Booz Allen Hamilton Holding Corp. from a “market perform” rating to an “outperform” rating and set a $36.00 target price on the stock in a research report on Thursday, October 6th. Eight investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $36.33.

In other news, CFO Lloyd Howell, Jr. sold 88,980 shares of the stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $37.79, for a total value of $3,362,554.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph Logue sold 60,000 shares of the stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $32.03, for a total value of $1,921,800.00. The disclosure for this sale can be found here. In the last three months, insiders sold 210,000 shares of company stock valued at $7,576,876. 3.76% of the stock is currently owned by insiders.

About Booz Allen Hamilton Holding Corp.

Booz Allen Hamilton Holding Corporation is a holding company. The Company is a provider of management and technology, consulting and engineering services to the United States and international governments, corporations and not-for-profit organizations. The Company’s client base includes government, commercial and international clients.

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