Booz Allen (NYSE:BAH) Hamilton Holding Corp (NYSE:BAH) has reported a recent transaction by its Executive Vice President and Chief Financial Officer, Matthew Calderone. The CFO sold a total of 332 shares of Class A Common Stock at a price of $154.15 per share, resulting in a transaction value of over $51,000.
The sale took place on May 21, 2024, and was disclosed in a filing with the Securities and Exchange Commission on May 23. Following the transaction, Calderone's direct ownership in the company stands at 23,438 shares, which includes restricted stock units.
In addition to the sale, Calderone also acquired 994 shares through the vesting of performance-based restricted stock units granted in fiscal year 2022. These shares were granted as part of the company's Equity Incentive Plan and are exempt under Rule 16b-3. The price per share for the acquired stock was $0.0, reflecting the nature of the vesting process rather than an open market transaction.
Booz Allen Hamilton, headquartered in McLean, Virginia, is a management consulting firm that operates primarily within the defense, intelligence, and civil markets. The company's stock, traded under the ticker BAH, is watched by investors who track insider transactions as indicators of corporate confidence and potential future performance.
The transactions by the company's CFO are part of the routine financial disclosures required by corporate executives and provide transparency into the trading activities of senior management. These transactions are reported to the SEC and are publicly available for investors to review.
InvestingPro Insights
Booz Allen Hamilton (NYSE:BAH) exhibits a robust financial profile according to recent data. The company boasts a significant market capitalization of $19.75 billion, reflecting its considerable presence in the consulting industry. Despite a high price-to-earnings (P/E) ratio of 49.15, which indicates a premium valuation compared to earnings, the company's net income is expected to grow this year, as per InvestingPro Tips. This growth expectation could justify the higher valuation to some investors.
InvestingPro Tips also highlight that Booz Allen Hamilton has a history of returning value to shareholders, having raised its dividend for 8 consecutive years and maintained dividend payments for 13 consecutive years. This consistency is a positive signal for investors looking for stable dividend-paying stocks. Additionally, the company's stock has provided a high return over the last year, with a one-year price total return of 66.7%. This performance is particularly noteworthy for those tracking the stock's historical returns.
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