Jefferies Group LLC Analysts Give Booz Allen Hamilton Holding Co. (BAH) a $41.00 Price Target

Jefferies Group LLC set a $41.00 target price on Booz Allen Hamilton Holding Co. (NYSE:BAH) in a research report released on Thursday. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently issued reports on BAH. Barclays PLC reiterated a buy rating and set a $38.00 price objective on shares of Booz Allen Hamilton Holding in a research report on Friday, January 20th. Bank of America Corp upgraded Booz Allen Hamilton Holding from a neutral rating to a buy rating in a research report on Friday, November 18th. Drexel Hamilton reiterated a buy rating and set a $44.00 price objective (up from $37.00) on shares of Booz Allen Hamilton Holding in a research report on Friday, December 30th. Zacks Investment Research upgraded Booz Allen Hamilton Holding from a sell rating to a hold rating in a research report on Tuesday, February 7th. Finally, Vertical Research initiated coverage on Booz Allen Hamilton Holding in a research report on Thursday, March 16th. They set a buy rating and a $42.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $39.57.

Booz Allen Hamilton Holding (NYSE:BAH) opened at 37.33 on Thursday. The stock has a market capitalization of $5.60 billion, a P/E ratio of 22.49 and a beta of 1.13. Booz Allen Hamilton Holding has a 1-year low of $27.02 and a 1-year high of $38.54. The company has a 50-day moving average price of $35.48 and a 200 day moving average price of $34.02.

Booz Allen Hamilton Holding (NYSE:BAH) last issued its quarterly earnings data on Monday, January 30th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.37 billion. Booz Allen Hamilton Holding had a return on equity of 52.41% and a net margin of 4.46%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. On average, equities analysts predict that Booz Allen Hamilton Holding will post $1.73 EPS for the current year.

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The company also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Friday, February 10th were issued a dividend of $0.17 per share. This is a boost from Booz Allen Hamilton Holding’s previous quarterly dividend of $0.15. The ex-dividend date was Wednesday, February 8th. This represents a $0.68 annualized dividend and a yield of 1.82%. Booz Allen Hamilton Holding’s payout ratio is presently 40.96%.

In related news, Director Philip A. Odeen sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $34.06, for a total transaction of $340,600.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.76% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the company. Two Sigma Investments LP boosted its stake in shares of Booz Allen Hamilton Holding by 2,867.1% in the fourth quarter. Two Sigma Investments LP now owns 1,245,668 shares of the company’s stock valued at $44,931,000 after buying an additional 1,203,685 shares during the last quarter. Norges Bank purchased a new stake in shares of Booz Allen Hamilton Holding during the fourth quarter valued at approximately $41,825,000. AQR Capital Management LLC boosted its stake in shares of Booz Allen Hamilton Holding by 62.8% in the fourth quarter. AQR Capital Management LLC now owns 1,616,398 shares of the company’s stock valued at $58,303,000 after buying an additional 623,535 shares during the last quarter. Westwood Holdings Group Inc. boosted its stake 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 company’s stock valued at $213,538,000 after buying an additional 454,554 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its stake in shares of Booz Allen Hamilton Holding by 210.2% in the third quarter. Adage Capital Partners GP L.L.C. now owns 634,548 shares of the company’s stock valued at $20,058,000 after buying an additional 429,989 shares during the last quarter. 93.23% of the stock is currently owned by hedge funds and other institutional investors.

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.

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