Booz Allen (NYSE:BAH) Hamilton Holding Corp (NYSE:BAH) disclosed in a recent filing that EVP and Chief Operating Officer Kristine Anderson has sold a portion of her company shares. On May 21, 2024, Anderson sold 3,644 shares of Class A Common Stock at an average price of $154.15 per share, totaling approximately $561,722.
The transaction comes alongside the vesting and payout of performance-based restricted stock units granted to Anderson in fiscal year 2022. These units were exempt under Rule 16b-3 and resulted in Anderson acquiring an additional 7,544 shares at no cost on the same day. Following these transactions, her total direct ownership in the company includes shares and restricted stock units.
Booz Allen Hamilton, a management consulting firm incorporated in Delaware, has its shares publicly traded under the ticker BAH. The company is known for providing a range of services to government and commercial clients.
The transactions were executed in accordance with the company's equity incentive plan and were reported by Lubna Malik, as Attorney-in-Fact for Anderson, on May 23, 2024. The filing provides a snapshot of executive stock ownership activities, which are often closely watched by investors for insights into executive confidence and company performance.
Kristine Anderson's recent stock sale represents a notable financial move within the company's executive team. However, it is important to note that such transactions are routine and are subject to corporate governance rules and regulations.
InvestingPro Insights
Booz Allen Hamilton Holding Corp (NYSE:BAH) remains a key player in the management consulting space, and recent activities within the company's stock ownership have drawn attention. As investors look to understand the implications of executive stock sales, it's beneficial to consider the broader financial health and market performance of the firm. Here are some insights based on data from InvestingPro:
The company's market capitalization stands at a robust $19.75 billion, signaling a strong presence in the industry. Despite a relatively high price-to-earnings (P/E) ratio of 49.15, which suggests investors are paying a premium for earnings, the company's consistent revenue growth, with a 13.9% increase over the last twelve months as of Q3 2024, indicates a solid financial trajectory.
InvestingPro Tips highlight Booz Allen Hamilton's commitment to shareholder returns, as evidenced by an 18.6% dividend growth and the fact that the company has raised its dividend for 8 consecutive years. This, coupled with the company's moderate level of debt and liquid assets exceeding short-term obligations, suggests a balanced approach to financial management. Moreover, the company's stock has seen a high return over the last year, with a 66.7% price total return, and is trading near its 52-week high, at 97.18% of the peak value.
For readers looking to delve deeper into Booz Allen Hamilton's financials and stock performance, InvestingPro offers additional insights. There are 15 more InvestingPro Tips available for BAH, providing a comprehensive analysis to help investors make informed decisions. For those interested in accessing these tips and more, use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
With a next earnings date on May 24, 2024, investors and analysts will be keenly watching to see if the company's financial results align with the positive expectations set by historical data and InvestingPro's forward-looking analysis.
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