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Huron Consulting Group Inc. (NASDAQ:HURN) Director H. Eugene Lockhart has sold 1,042 shares of the company’s common stock, according to a recent SEC filing. The shares were sold at a price of $142.67 each, amounting to a total transaction value of $148,662. The transaction comes as Huron’s stock has delivered an impressive 54% return over the past year, with the company currently valued at $2.4 billion. According to InvestingPro analysis, analysts maintain a strong buy consensus with price targets ranging from $165 to $180. Following this sale, Lockhart retains ownership of 10,088 shares in the company. The transaction was executed automatically as part of a Rule 10b5-1 trading plan, which Lockhart adopted on May 9, 2024. InvestingPro data shows the company maintains a "GREAT" financial health score, with 12 additional key insights available for subscribers seeking deeper analysis of Huron’s market position and growth potential.
In other recent news, Huron Consulting Group reported strong fourth-quarter 2024 financial results, with earnings per share (EPS) of $1.90, surpassing the analyst estimate of $1.52. The company achieved record revenue of $399.31 million, exceeding the consensus estimate of $379.99 million and marking a significant increase from the previous year. Huron’s guidance for 2025 projects an EPS range of $6.80-$7.60 and revenue between $1.58-1.66 billion, aligning closely with market expectations. Additionally, Huron has expanded its share repurchase program to $700 million, reflecting confidence in its financial health.
Analysts have responded positively to these developments. Benchmark’s Bill Sutherland and Truist’s Tobey Sommer both raised their price targets to $165, maintaining Buy ratings on the stock. Truist further increased its price target to $180, citing Huron’s potential growth in healthcare and education due to anticipated federal spending changes. The company’s strategic focus on digital offerings and AI integration is seen as a significant growth driver. Huron’s management has also reaffirmed its strategic plan, aiming for sustained revenue growth and improved margins, even amid regulatory and economic uncertainties.
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