Investors tracking insider activity at Booz Allen (NYSE:BAH) Hamilton Holding Corp (NYSE:BAH) might have noticed that Executive Vice President Richard Crowe recently engaged in a transaction involving the company's shares. On May 21, Crowe sold a total of 180 shares of Booz Allen's Class A Common Stock at an average price of $154.15, resulting in a total sale value of approximately $27,747.
This sale followed the vesting and payout of performance-based restricted stock units granted to Crowe in the fiscal year 2022 under the issuer's Equity Incentive Plan. These units were exempt under Rule 16b-3 and resulted in an acquisition of 497 shares at no cost to Crowe. After the sale, Crowe's direct holdings in the company included 17,486 shares, which also comprises restricted stock units.
The transactions were disclosed in a recent filing with the Securities and Exchange Commission, with the signature of Jamie Weatherby as Attorney-in-Fact for Richard Crowe, dated May 23.
Booz Allen Hamilton, a management consulting firm headquartered in McLean, Virginia, is known for providing services to governments, corporations, and nonprofit organizations. The company's stock performance and insider transactions such as these are often watched closely by investors seeking insights into executive confidence and company health.
InvestingPro Insights
As investors analyze the insider transaction by Executive Vice President Richard Crowe at Booz Allen Hamilton Holding Corp (NYSE:BAH), it's valuable to consider the broader financial context of the company. Booz Allen Hamilton has demonstrated a commitment to shareholder returns, having raised its dividend for 8 consecutive years and maintained dividend payments for 13 consecutive years, according to InvestingPro Tips. This consistency in rewarding shareholders is a positive signal for long-term investors.
Looking at InvestingPro Data, Booz Allen Hamilton boasts a market capitalization of $19.75 billion, reflecting its significant presence in the consulting industry. Despite a high P/E ratio of 49.15, indicating a premium market valuation, the company has experienced solid revenue growth over the last twelve months as of Q1 2023, at 13.9%. This growth trajectory is expected to continue, with net income projected to increase this year. Moreover, the company's stock has shown a high return over the last year with a price total return of 66.7%, trading close to its 52-week high at 97.18% of the peak price.
These financial metrics and the recent insider sale can offer investors a nuanced perspective on Booz Allen Hamilton's current market position and future outlook. For those interested in a deeper dive, InvestingPro offers additional insights and metrics, including a total of 16 InvestingPro Tips for Booz Allen Hamilton, which can be accessed at: https://www.investing.com/pro/BAH. To enhance your investing strategy with these insights, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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