Booz Allen (NYSE:BAH) Hamilton Holding Corp's (NYSE:BAH) Executive Vice President and Chief Legal Officer, Nancy Laben, has recently sold a portion of her company stock, according to the latest filings. The transactions, which occurred on May 21, 2024, involved the sale of 3,908 shares at a price of $154.15 per share, amounting to a total of $602,418.
The sale came alongside the vesting of performance-based restricted stock units granted to Laben in the fiscal year 2022 as part of the company's Equity Incentive Plan. The vesting, which is exempt under Rule 16b-3, resulted in Laben acquiring 7,894 shares at no cost. Following these transactions, her total direct ownership in the company includes restricted stock units and stands at 26,024 shares.
Booz Allen Hamilton, a leading management consulting firm, has its executive transactions closely watched by investors, as they can provide insights into the executives' perspectives on the company's performance and future. The recent sale by Laben, who holds a significant role within the company, may be of particular interest to the market.
The details of these transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission, dated May 23, 2024. The reporting of such transactions is mandatory for company insiders, providing transparency and ensuring compliance with securities laws.
Investors and stakeholders in Booz Allen Hamilton can stay informed about insider transactions through these filings, which are publicly available and provide a record of the buying and selling activities of the company's executives and other key personnel.
InvestingPro Insights
In light of the recent insider transactions at Booz Allen Hamilton Holding Corp (NYSE:BAH), investors may find additional context in the company's financial metrics and performance indicators. As of the last twelve months leading up to Q3 2024, Booz Allen Hamilton boasts a market capitalization of $19.75 billion and a Price/Earnings (P/E) ratio of 49.15, indicating a relatively high valuation compared to earnings. Notably, this P/E ratio has increased to 66.34 when adjusted for the same period, reflecting a premium that investors are willing to pay for the company's shares.
Revenue growth remains robust, with a 13.9% increase over the last twelve months as of Q3 2024, demonstrating the company's ability to expand its top line. Additionally, Booz Allen Hamilton has maintained a gross profit margin of 22.79%, which could signal effective cost management relative to its revenues.
From an investment standpoint, Booz Allen Hamilton has shown a strong return over the last year, with a 1 Year Price Total Return of 66.7%, significantly outperforming many of its peers. This performance is reflected in the company's stock trading near its 52-week high, at 97.18% of the peak price. Investors looking for stable income streams may also take interest in the company's dividend track record; Booz Allen Hamilton has raised its dividend for 8 consecutive years and maintained payments for 13 years, showcasing a commitment to returning value to shareholders.
As for InvestingPro Tips, Booz Allen Hamilton is expected to grow its net income this year, which could be a positive signal for future earnings potential. Additionally, the company operates with a moderate level of debt, which may provide some assurance to investors concerned about financial stability.
For those interested in further analysis and additional InvestingPro Tips, Booz Allen Hamilton has 16 more tips available on InvestingPro. These insights can be particularly useful for investors looking to make informed decisions based on comprehensive data. Remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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