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CHICAGO—H. Eugene Lockhart, a director at Huron Consulting Group Inc. (NASDAQ:HURN), recently sold 1,042 shares of the company’s common stock. The transaction, which took place on March 3, was executed at a price of $151.13 per share, amounting to a total sale value of $157,477. The sale occurred near the stock’s 52-week high of $153.85, during a period when HURN has delivered an impressive 51.74% return over the past year.
The sale was conducted under a Rule 10b5-1 trading plan that Lockhart had adopted on May 9, 2024. Following this transaction, Lockhart holds 11,130 shares of Huron Consulting stock directly. According to InvestingPro data, while this insider sale occurred, management has been actively buying back shares, and the company maintains a GREAT financial health score.
Huron Consulting, based in Chicago, provides management consulting services and is traded on the NASDAQ under the ticker symbol HURN. The company, currently valued at $2.42 billion, trades at a P/E ratio of 22.65 and operates with a moderate level of debt.
In other recent news, Huron Consulting Group has reported strong financial results for the fourth quarter of 2024, with earnings per share (EPS) of $1.90, surpassing analyst expectations of $1.52. The company’s revenue for the quarter reached $399.31 million, exceeding the anticipated $379.99 million. For the full year 2024, Huron achieved record revenues of $1.49 billion, reflecting a 9.1% increase from the previous year. Looking ahead to 2025, Huron has provided guidance with an EPS range of $6.80-$7.60 and projected revenue between $1.58 billion and $1.66 billion.
In response to these positive results, Benchmark and Truist Securities both raised their price targets for Huron Consulting to $165, maintaining a Buy rating. Analysts from these firms noted Huron’s strong performance and potential growth opportunities, particularly in the healthcare and education sectors. Truist Securities has further revised its adjusted EPS estimate for Huron to $8.28 for the year 2026, reflecting confidence in the company’s ability to capitalize on evolving market conditions.
Additionally, Huron has been active in strategic initiatives, including the acquisition of Axia Consulting and the repurchase of 1.2 million shares, returning $122.2 million to shareholders. The company plans to host an Investor Day on March 25, 2025, to discuss its strategy and financial goals. These developments indicate Huron’s robust market position and adaptability amid changing regulatory landscapes.
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