Westpac Banking Corp Boosts Stock Holdings in Booz Allen Hamilton Holding Corporation $BAH

Westpac Banking Corp increased its stake in Booz Allen Hamilton by 2,378.6% in Q2, owning 22,481 shares valued at $2,341,000. This move is part of a broader trend of institutional investors modifying their holdings in the company. Despite mixed analyst ratings, Booz Allen Hamilton's stock is currently trading down 0.3% at $82.70.

Westpac Banking Corp lifted its stake in Booz Allen Hamilton Holding Corporation (NYSE:BAH - Free Report) by 2,378.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,481 shares of the business services provider's stock after purchasing an additional 21,574 shares during the period. Westpac Banking Corp's holdings in Booz Allen Hamilton were worth $2,341,000 as of its most recent SEC filing.

Booz Allen Hamilton Earnings: 3 Bullish Signals for BAH Stock

A number of other hedge funds have also recently modified their holdings of the business. Brooklyn Investment Group boosted its stake in Booz Allen Hamilton by 102.8% during the 1st quarter. Brooklyn Investment Group now owns 294 shares of the business services provider's stock valued at $31,000 after purchasing an additional 149 shares during the last quarter. WPG Advisers LLC purchased a new position in shares of Booz Allen Hamilton during the 1st quarter worth about $35,000. Ransom Advisory Ltd bought a new stake in shares of Booz Allen Hamilton during the first quarter worth $35,000. Golden State Wealth Management LLC grew its stake in Booz Allen Hamilton by 244.9% in the second quarter. Golden State Wealth Management LLC now owns 338 shares of the business services provider's stock worth $35,000 after purchasing an additional 240 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new stake in shares of Booz Allen Hamilton in the 1st quarter valued at about $37,000. Institutional investors own 91.82% of the company's stock.

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Analyst Upgrades and Downgrades

BAH has been the topic of a number of research analyst reports. Bank of America lowered Booz Allen Hamilton from a "buy" rating to an "underperform" rating and set a $90.00 price target on the stock. in a research note on Friday, October 24th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Booz Allen Hamilton in a research note on Thursday. William Blair upgraded Booz Allen Hamilton from a "market perform" rating to an "outperform" rating in a report on Monday, July 21st. UBS Group decreased their price objective on shares of Booz Allen Hamilton from $115.00 to $93.00 and set a "neutral" rating for the company in a research note on Monday, October 27th. Finally, The Goldman Sachs Group reduced their price target on shares of Booz Allen Hamilton from $93.00 to $80.00 and set a "sell" rating for the company in a research report on Monday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $110.82.

Palantir’s Momentum Persists Despite Market Worries

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Insider Activity

In related news, CEO Horacio Rozanski purchased 23,800 shares of the firm's stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $84.66 per share, for a total transaction of $2,014,908.00. Following the purchase, the chief executive officer owned 687,745 shares in the company, valued at $58,224,491.70. The trade was a 3.58% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.91% of the company's stock.

Booz Allen Hamilton Trading Down 0.3%

Will Positive Earnings Change the Trajectory of Booz Allen Hamilton Stock?

BAH stock traded down $0.21 during midday trading on Monday, reaching $82.70. 438,368 shares of the company's stock traded hands, compared to its average volume of 2,223,579. The business has a 50-day moving average price of $95.87 and a two-hundred day moving average price of $105.08. The company has a market capitalization of $10.03 billion, a P/E ratio of 12.66, a PEG ratio of 1.46 and a beta of 0.39. Booz Allen Hamilton Holding Corporation has a fifty-two week low of $82.23 and a fifty-two week high of $151.04. The company has a debt-to-equity ratio of 3.89, a current ratio of 1.76 and a quick ratio of 1.78.

Booz Allen Hamilton (NYSE:BAH - Get Free Report) last issued its quarterly earnings data on Friday, October 24th. The business services provider reported $1.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.49. Booz Allen Hamilton had a return on equity of 71.87% and a net margin of 7.06%.The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period in the previous year, the firm posted $1.81 earnings per share. The business's revenue was down 8.1% on a year-over-year basis. Booz Allen Hamilton has set its FY 2026 guidance at 5.450-5.650 EPS. Equities research analysts forecast that Booz Allen Hamilton Holding Corporation will post 6.44 EPS for the current fiscal year.

Booz Allen Hamilton Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, November 14th. Booz Allen Hamilton's dividend payout ratio (DPR) is presently 33.59%.

Booz Allen Hamilton Profile

(Free Report)

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.

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