Booz Allen (NYSE:BAH) Hamilton Holding Corp (NYSE:BAH) Executive Vice President Judith Dotson has sold a portion of her company shares, according to a recent filing with the Securities and Exchange Commission. On May 21, 2024, Dotson sold 2,142 shares of Booz Allen's Class A Common Stock at a price of $154.15 per share, totaling approximately $330,189.
The transaction took place amidst Dotson's acquisition of shares from the vesting and payout of performance-based restricted stock units granted in fiscal year 2022. The shares were awarded as part of the company's Equity Incentive Plan, an arrangement exempt under Rule 16b-3, which often pertains to transactions by company insiders. Following this sale, Dotson still holds a significant number of shares in the company, including restricted stock units, which are part of her compensation and incentives as an executive of Booz Allen Hamilton.
Booz Allen Hamilton, known for its consulting services in management and technology, has its shares publicly traded under the ticker symbol BAH. The company continues to be a significant player in the consulting industry, with a broad portfolio of government and commercial clients.
Investors often monitor the buying and selling activities of company insiders as these transactions can provide insights into the executives' perspectives on the company's future performance. However, it is important to note that insider transactions can be influenced by various factors and do not always directly indicate the company's operational performance or stock valuation prospects.
The filing did not include any remarks from Dotson or the company regarding the rationale behind the stock sale. As with all insider transactions, these sales are publicly disclosed to maintain transparency and comply with federal securities regulations.
InvestingPro Insights
Amidst the executive movements at Booz Allen Hamilton Holding Corp (NYSE:BAH), investors are keen on understanding the company's financial health and future prospects. According to InvestingPro data, Booz Allen Hamilton boasts a substantial market capitalization of 19.75B USD, reflecting its significant presence in the consulting industry. The company's P/E Ratio stands at a high 49.15, suggesting that investors may have high expectations for future earnings growth, which aligns with an InvestingPro Tip indicating that net income is expected to grow this year. Additionally, the company has been able to maintain a dividend yield of 1.33%, having raised its dividend for 8 consecutive years, which is a testament to its financial stability and commitment to shareholder returns.
Booz Allen Hamilton's stock performance has also been noteworthy, with a 1 Year Price Total Return of 66.7%, indicating strong returns for investors over the past year. This performance is further supported by the company's practice of trading with low price volatility, making it a potentially attractive option for investors seeking stable returns. With 15 additional InvestingPro Tips available, those looking to dive deeper into the company's financials can explore the wealth of analysis offered by InvestingPro by visiting: https://www.investing.com/pro/BAH. For those interested in subscribing to InvestingPro, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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