Westwood Holdings Group Inc. lessened its holdings in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) by 6.0% in the first quarter, HoldingsChannel reports. The fund owned 5,279,169 shares of the business services provider’s stock after selling 337,455 shares during the period. Booz Allen Hamilton comprises approximately 1.7% of Westwood Holdings Group Inc.’s portfolio, making the stock its 6th largest holding. Westwood Holdings Group Inc.’s holdings in Booz Allen Hamilton were worth $204,408,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Bray Capital Advisors bought a new position in shares of Booz Allen Hamilton during the first quarter valued at approximately $108,000. American International Group Inc. bought a new position in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $128,000. Camelot Portfolios LLC bought a new position in shares of Booz Allen Hamilton during the fourth quarter valued at approximately $220,000. Opus Capital Group LLC bought a new position in shares of Booz Allen Hamilton during the first quarter valued at approximately $265,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Booz Allen Hamilton during the first quarter valued at approximately $283,000. Institutional investors own 91.83% of the company’s stock.
Booz Allen Hamilton opened at $45.12 on Thursday, according to MarketBeat. Booz Allen Hamilton Holding Co. has a 12 month low of $31.06 and a 12 month high of $45.73. The firm has a market capitalization of $6.48 billion, a PE ratio of 22.45, a P/E/G ratio of 1.80 and a beta of 1.24. The company has a debt-to-equity ratio of 3.17, a quick ratio of 1.44 and a current ratio of 1.44.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Thursday, June 14th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, June 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.68%. Booz Allen Hamilton’s dividend payout ratio is currently 37.81%.
In other news, EVP Joseph Logue sold 50,000 shares of the stock in a transaction on Tuesday, May 29th. The stock was sold at an average price of $44.00, for a total value of $2,200,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ralph W. Shrader sold 30,000 shares of the stock in a transaction on Monday, June 4th. The stock was sold at an average price of $44.99, for a total value of $1,349,700.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 455,498 shares of company stock worth $18,476,193. Insiders own 3.04% of the company’s stock.
A number of equities analysts have issued reports on BAH shares. Zacks Investment Research downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Citigroup increased their price objective on Booz Allen Hamilton from $40.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, April 10th. ValuEngine upgraded Booz Allen Hamilton from a “hold” rating to a “buy” rating in a report on Thursday, April 12th. Cowen reiterated a “buy” rating and issued a $50.00 price objective on shares of Booz Allen Hamilton in a report on Friday, May 18th. Finally, SunTrust Banks increased their price objective on Booz Allen Hamilton from $47.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, May 30th. Six research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $43.55.
Booz Allen Hamilton Company Profile
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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