Insider Traded: Booz Allen Hamilton Holding Co. (BAH) CAO Sold $1,950,000.00 in Shares

Insider Traded: Booz Allen Hamilton Holding Co. (BAH) CAO Sold $1,950,000.00 in Shares

Booz Allen Hamilton Holding Co. (NYSE:BAH) CAO Joseph W. Mahaffee sold 50,000 shares of the firm’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $39.00, for a total value of $1,950,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Joseph W. Mahaffee also recently made the following trade(s):

Booz Allen Hamilton Holding Co. (NYSE:BAH) opened at 39.41 on Friday. Booz Allen Hamilton Holding Co. has a 1-year low of $27.47 and a 1-year high of $39.55. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of 23.67 and a beta of 1.13. The firm has a 50-day moving average price of $36.49 and a 200 day moving average price of $36.07.

Booz Allen Hamilton Holding (NYSE:BAH) last issued its earnings results on Monday, May 22nd. The business services provider reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. Booz Allen Hamilton Holding had a return on equity of 52.41% and a net margin of 4.46%. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the firm earned $0.41 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities research analysts anticipate that Booz Allen Hamilton Holding Co. will post $1.88 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Saturday, June 10th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Wednesday, June 7th. Booz Allen Hamilton Holding’s payout ratio is currently 40.96%.

A number of hedge funds and other institutional investors have recently modified their holdings of BAH. Vanguard Group Inc. boosted its position in shares of Booz Allen Hamilton Holding by 7.2% in the first quarter. Vanguard Group Inc. now owns 14,534,410 shares of the business services provider’s stock worth $514,372,000 after buying an additional 979,130 shares during the last quarter. BlackRock Inc. boosted its position in shares of Booz Allen Hamilton Holding by 1,951.0% in the first quarter. BlackRock Inc. now owns 8,227,419 shares of the business services provider’s stock worth $291,169,000 after buying an additional 7,826,286 shares during the last quarter. William Blair Investment Management LLC boosted its position in shares of Booz Allen Hamilton Holding by 9.5% in the first quarter. William Blair Investment Management LLC now owns 7,762,874 shares of the business services provider’s stock worth $274,728,000 after buying an additional 672,544 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Booz Allen Hamilton Holding by 7.5% in the first quarter. Alliancebernstein L.P. now owns 6,069,268 shares of the business services provider’s stock worth $214,791,000 after buying an additional 422,448 shares during the last quarter. Finally, Westwood Holdings Group Inc. boosted its position in shares of Booz Allen Hamilton Holding by 8.3% in the fourth quarter. Westwood Holdings Group Inc. now owns 5,920,115 shares of the business services provider’s stock worth $213,538,000 after buying an additional 454,554 shares during the last quarter. Hedge funds and other institutional investors own 93.23% of the company’s stock.

Several equities analysts have recently commented on the company. Cowen and Company restated a “buy” rating and set a $43.00 price target on shares of Booz Allen Hamilton Holding in a research note on Monday, May 22nd. Wells Fargo & Co restated an “outperform” rating and set a $42.00 price target (up previously from $36.50) on shares of Booz Allen Hamilton Holding in a research note on Tuesday, May 23rd. Evercore ISI assumed coverage on Booz Allen Hamilton Holding in a research note on Tuesday, April 4th. They set an “in-line” rating and a $38.00 price target on the stock. They noted that the move was a valuation call. Zacks Investment Research lowered Booz Allen Hamilton Holding from a “buy” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Barclays PLC lowered Booz Allen Hamilton Holding from an “overweight” rating to an “equal weight” rating and set a $38.00 target price on the stock. in a research note on Monday, May 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Booz Allen Hamilton Holding currently has a consensus rating of “Buy” and an average target price of $40.50.

About Booz Allen Hamilton Holding

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BAH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Related posts

Leave a Comment