Booz Allen (NYSE:BAH) Hamilton Holding Corp (NYSE:BAH) executive Susan L. Penfield, serving as the company's Executive Vice President & Chief Technology Officer, has recently executed stock transactions, according to the latest SEC filings. On May 21, Penfield sold 3,211 shares of Class A Common Stock at a price of $154.15 each, totaling $494,975.
Alongside the sale, Penfield also acquired 7,193 shares from the vesting of performance-based restricted stock units. These shares were granted in fiscal year 2022 under the company's Equity Incentive Plan and are exempt under Rule 16b-3. The acquisition price per share was reported as $0.0, with a total transaction value of $0.
Following these transactions, Penfield's direct ownership in Booz Allen Hamilton includes both common stock and restricted stock units, as indicated in the footnotes of the SEC filing. The filing did not disclose any derivative securities transactions.
The transactions come as part of the routine financial disclosures required by corporate insiders. The sale and acquisition of shares by executives like Penfield are common practices within publicly traded companies and are documented in SEC filings to maintain transparency with investors and regulatory bodies.
Investors often monitor these insider transactions as part of their analysis, considering them alongside other financial data and market trends when making investment decisions. Booz Allen Hamilton, with its headquarters in McLean, Virginia, is a well-known entity in the management consulting services industry and is incorporated in Delaware.
The company's stock, traded under the ticker BAH, reflects the ongoing business activities and market sentiment surrounding the firm's performance and strategic direction. As with any insider transaction, these reported activities provide a glimpse into executive confidence and financial movements within the company.
InvestingPro Insights
Booz Allen Hamilton (NYSE:BAH) has demonstrated a strong financial performance with a notable increase in revenue over the last twelve months as of Q3 2024, showing a revenue growth of 13.9%. This uptick in revenue is a positive indicator for investors, reflecting the company's ability to expand its business operations effectively. Additionally, the company's dividend yield as of the same period stands at 1.33%, which, coupled with a dividend growth of 18.6%, suggests a robust approach to shareholder returns. These figures are particularly relevant considering the recent insider transactions at Booz Allen Hamilton.
According to InvestingPro Tips, Booz Allen Hamilton has raised its dividend for 8 consecutive years and maintained dividend payments for 13 consecutive years, showcasing a commitment to consistent shareholder value. The company's stock has also seen a high return over the last year, with a price total return of 66.7%, trading near its 52-week high at 97.18% of the peak price. This aligns with the executive movements in stock transactions and may indicate a positive outlook on the company's financial health and future performance.
For investors seeking a deeper analysis, there are additional InvestingPro Tips available for Booz Allen Hamilton at https://www.investing.com/pro/BAH. Currently, there are 16 more tips listed, offering a comprehensive understanding of the company's financial metrics and market position. Interested readers can take advantage of a special offer using the coupon code PRONEWS24 to get an extra 10% off a yearly or biyearly Pro and Pro+ subscription, providing access to exclusive insights and investment strategies.
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