Booz Allen (NYSE:BAH) Hamilton Holding Corp (NYSE:BAH) Executive Vice President Thomas Pfeifer has sold shares in the company, according to a recent filing with the Securities and Exchange Commission. The transaction involved the sale of 215 shares at a price of $154.15 each, totaling approximately $33,142.
The sale took place on May 21, 2024, and was part of a series of transactions reported in the filing. On the same day, Pfeifer also acquired 643 shares of Booz Allen Hamilton Class A Common Stock through the vesting of performance-based restricted stock units granted in fiscal year 2022. These units were part of the company's Equity Incentive Plan and were exempt under Rule 16b-3, which pertains to certain transactions by company insiders.
Following the reported transactions, Pfeifer's ownership in the company includes restricted stock units, with a total of 27,262 shares remaining in his possession.
Investors often monitor insider buying and selling as it can provide insights into a company's financial health and the confidence level of its executives. However, these transactions can also be part of normal financial planning or diversification strategies by individuals within the company.
Booz Allen Hamilton, headquartered in McLean, VA, is a management consulting firm providing services to government agencies, corporations, institutions, and not-for-profit organizations. The company is incorporated in Delaware and operates within the management consulting services industry.
The reported transactions were signed off by Jamie Weatherby, Attorney-in-Fact for Thomas Pfeifer, on May 23, 2024.
InvestingPro Insights
Booz Allen Hamilton (NYSE:BAH), a prominent player in the management consulting industry, has been showcasing financial stability and growth, as reflected by its recent performance metrics. With a market capitalization of $19.75 billion and a revenue growth of 13.9% in the last twelve months as of Q3 2024, the company demonstrates a robust business model in a competitive sector.
Investors considering Booz Allen Hamilton's stock should note that it has been trading at a high earnings multiple with a P/E ratio of 49.15. This may suggest market confidence in the company's future earnings potential, especially in light of an expected net income growth this year, as indicated by one of the InvestingPro Tips. Moreover, the company has a strong track record of dividend payments, having raised its dividend for 8 consecutive years and maintained payments for 13 consecutive years, which could be appealing to income-focused investors.
Another noteworthy InvestingPro Tip is the company's high return over the last year, with a 1-year price total return of 66.7%, significantly outperforming many peers. This impressive return profile, coupled with a 1.33% dividend yield as of the last dividend ex-date on February 9, 2024, may make Booz Allen Hamilton an attractive option for both growth and income investors.
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