Joan Lordi Amble, a director at Booz Allen Hamilton Holding Corp (NYSE:BAH), recently acquired shares in the company valued at approximately $100,505. According to a recent SEC filing, Amble purchased 690 shares of Class A Common Stock at a price of $145.66 per share on December 6, 2024. The purchase comes as the stock has declined about 6% over the past six months, though InvestingPro analysis indicates the company maintains a strong financial health score and six analysts have recently revised their earnings estimates upward. Following this transaction, Amble now directly owns 55,930 shares, which includes shares of Class A restricted common stock. This acquisition reflects her ongoing investment in the management consulting firm, headquartered in McLean, Virginia. The company has maintained dividend payments for 13 consecutive years and currently offers a 1.45% yield. InvestingPro subscribers can access detailed analysis including Fair Value estimates and 12 additional investment tips for BAH, along with comprehensive Pro Research Reports available for over 1,400 US stocks.
In other recent news, Booz Allen Hamilton has seen significant developments. The company has reported robust growth in the second quarter of fiscal year 2025, with impressive revenue increases across its civil, defense, and intelligence sectors. This growth has been attributed to the company's VOLT growth strategy, a record $41 billion backlog, a $115 million insurance recovery, and a $200 million boost from payroll modernization. On the analyst front, UBS initiated coverage with a neutral stance, TD Cowen maintained a Buy rating, and Jefferies downgraded the stock from Buy to Hold.
Booz Allen Hamilton has also announced a strategic partnership with Palantir Technologies (NASDAQ:PLTR) aimed at enhancing U.S. defense capabilities. The collaboration focuses on information infrastructure modernization and integrated warfighting operations. Furthermore, the company made a significant investment in Starfish Space through its venture capital arm, Booz Allen Ventures, LLC. This investment is expected to enhance the resilience and sustainability of space infrastructure. These are recent developments and represent the ongoing efforts of Booz Allen Hamilton to innovate and expand its offerings.
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