Booz Allen Hamilton Holding Co. (NYSE:BAH) sees sharp drop in short-term interest

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Booz Allen Hamilton Holding Co. (NYSE:BAH – Get Rating) benefited from a sharp drop in short-term interest rates in August. As of August 15, there was short interest totaling 1,250,000 shares, down 19.4% from the July 31 total of 1,550,000 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume of 982,700 shares, the day-to-cover ratio is currently 1.3 days.

Booz Allen Hamilton stock performance

Shares of NYSE:BAH traded down $1.25 on Monday, hitting $95.66. The company’s stock had a trading volume of 587,102 shares, compared to its average volume of 1,049,862. The stock’s 50-day moving average is $93.52 and its two-hundred-day moving average is $87.27. Booz Allen Hamilton has a 52 week low of $69.68 and a 52 week high of $99.32. The company has a debt ratio of 2.47, a current ratio of 1.60 and a quick ratio of 1.60. The stock has a market capitalization of $12.66 billion, a P/E ratio of 25.17, a PEG ratio of 3.00 and a beta of 0.63.

Booz Allen Hamilton (NYSE:BAH – Get Rating) last announced his results on Friday, July 29. The business services provider reported EPS of $1.13 for the quarter, beating analyst consensus estimates of $1.06 by $0.07. Booz Allen Hamilton had a net margin of 5.95% and a return on equity of 53.71%. The company posted revenue of $2.25 billion in the quarter, versus $2.19 billion expected by analysts. In the same period a year earlier, the company had earned earnings per share of $1.07. The company’s revenues increased by 13.1% compared to the same quarter last year. As a group, sell-side analysts expect Booz Allen Hamilton to post 4.36 EPS for the current year.

Booz Allen Hamilton Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31. Investors of record on Monday, August 15 will receive a dividend of $0.43 per share. The ex-dividend date is Friday, August 12. This represents an annualized dividend of $1.72 and a yield of 1.80%. Booz Allen Hamilton’s dividend payout ratio is currently 45.26%.

A Wall Street analyst gives his opinion

A number of analysts have released reports on BAH shares. Truist Financial raised its target price on Booz Allen Hamilton from $80.00 to $100.00 and gave the company a “holding” rating in a Monday, August 1 research report. Barclays downgraded shares of Booz Allen Hamilton from an “overweight” rating to an “equal weight” rating and set a price target of $95.00 for the company. in a research note from Tuesday, June 7. Wells Fargo & Company raised its price target on Booz Allen Hamilton stock from $98.00 to $100.00 and gave the stock an “overweight” rating in a Monday, Aug. 1 research note. Cowen lowered his price target on Booz Allen Hamilton shares from $109.00 to $103.00 and set an “outperform” rating for the company in a Tuesday, June 14 research note. Finally, Cowen lowered his price target on Booz Allen Hamilton shares from $109.00 to $103.00 in a Tuesday, June 14 research note. Three equity research analysts gave the stock a hold rating and eight gave the stock a buy rating. Based on data from MarketBeat.com, Booz Allen Hamilton currently has a consensus rating of “Moderate Buy” and an average target price of $99.00.

Insider activity

In other news, Executive Vice President Susan L. Penfield sold 12,209 shares of Booz Allen Hamilton in a trade that took place on Monday, July 25. The shares were sold at an average price of $95.00, for a total transaction of $1,159,855.00. Following the sale, the executive vice president now owns 9,969 shares of the company, valued at approximately $947,055. The transaction was disclosed in a filing with the SEC, accessible via this link. In other news from Booz Allen Hamilton, Executive Vice President Susan L. Penfield sold 12,209 shares of the company in a trade that took place on Monday, July 25. The stock was sold at an average price of $95.00, for a total value of $1,159,855.00. Following the sale, the executive vice president now owns 9,969 shares of the company, valued at $947,055. The sale was disclosed in a filing with the SEC, accessible via the SEC’s website. Additionally, CEO Horacio Rozanski sold 40,000 shares of the company in a transaction that took place on Monday, June 27. The shares were sold at an average price of $88.98, for a total value of $3,559,200.00. Following the completion of the sale, the CEO now directly owns 599,692 shares of the company, valued at approximately $53,360,594.16. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 174,825 shares of the company valued at $15,847,653. 2.23% of the shares are currently held by insiders of the company.

Institutional entries and exits

Several large investors have recently increased or reduced their stake in BAH. Argent Capital Management LLC increased its stake in Booz Allen Hamilton by 2,570.9% during the second quarter. Argent Capital Management LLC now owns 864,188 shares of the business services provider worth $78,088,000 after purchasing an additional 831,832 shares in the last quarter. Close Asset Management Ltd acquired a new position in Booz Allen Hamilton during the second quarter worth approximately $56,664,000. Lord Abbett & CO. LLC increased its position in Booz Allen Hamilton by 166.6% during the first quarter. Lord Abbett & CO. LLC now owns 900,240 shares of the business services provider worth $79,077,000 after purchasing an additional 562,566 shares during the period. Alliancebernstein LP increased its position in Booz Allen Hamilton by 18.6% during the fourth quarter. Alliancebernstein LP now owns 2,588,884 shares of the business services provider worth $219,511,000 after purchasing an additional 406,020 shares during the period. Finally, Truist Financial Corp increased its position in Booz Allen Hamilton by 31.4% during the first quarter. Truist Financial Corp now owns 1,615,176 shares of the business services provider worth $141,877,000 after purchasing an additional 386,395 shares during the period. 90.44% of the shares are held by hedge funds and other institutional investors.

About Booz Allen Hamilton

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Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, businesses, and nonprofit organizations in the United States and in the world. The company offers consulting solutions in various areas, business strategies, human capital and operations.

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