Booz Allen (NYSE:BAH) Hamilton Holding Corp (NYSE:BAH) has reported that its Executive Vice President and Chief Financial Officer, Matthew Calderone, sold a total of 3,000 shares of the company's stock in two separate transactions on March 14 and March 15. The transactions were valued at a combined total of over $436,000.
Calderone's stock sale occurred at prices ranging from $144.21 to $146.51 per share, according to the recent filing. On the first day, the CFO sold 1,500 shares at $146.51 each, and on the following day, another batch of 1,500 shares was sold, this time at $144.21 per share.
The sales were conducted under a pre-arranged 10b5-1 trading plan, which allows company insiders to set up a predetermined schedule for buying or selling stocks at a time when they are not in possession of material non-public information. This kind of trading plan is intended to prevent any accusations of insider trading.
Following the transactions, the filing indicated that Calderone still owned 23,962 shares of Booz Allen Hamilton stock, which includes restricted stock units. The company's stock is often closely watched by investors who track insider selling and buying as a signal of corporate confidence.
Booz Allen Hamilton, headquartered in McLean, Virginia, is a management consulting firm that provides services primarily to US government agencies. The company is incorporated in Delaware and has been publicly traded since 2010.
InvestingPro Insights
As Booz Allen Hamilton's (NYSE:BAH) Chief Financial Officer, Matthew Calderone, has engaged in recent stock transactions, investors may be considering the company's financial health and growth prospects. According to InvestingPro data, Booz Allen Hamilton has a market capitalization of $18.75 billion and a Price to Earnings (P/E) ratio of 46.87, which suggests that the company is trading at a higher earnings multiple compared to some of its peers. This could be indicative of investor confidence in its long-term growth potential.
The company has also demonstrated a solid financial performance with a revenue growth of 13.9% over the last twelve months as of Q3 2024. This is complemented by a notable dividend growth of 18.6% in the same period, indicating Booz Allen Hamilton's commitment to returning value to shareholders.
An InvestingPro Tip highlights that Booz Allen Hamilton has raised its dividend for 8 consecutive years, which may be a reassuring sign for income-focused investors. Another tip points to the expectation of net income growth this year, which could suggest a positive outlook for the company's profitability.
For those considering deeper analysis, there are additional InvestingPro Tips available. For instance, there are 9 analysts who have revised their earnings upwards for the upcoming period, and the company is noted to have a strong return over the last three months. These metrics, along with others, can be further explored on InvestingPro's platform. Readers interested in a comprehensive analysis can take advantage of a special offer by using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
With Booz Allen Hamilton's next earnings date approaching on May 28, 2024, investors will be keen to see if these positive trends continue. The company's performance, as well as the strategic decisions of its executives, will continue to be in focus for those monitoring the stock's future trajectory.
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