Booz Allen Hamilton Insider Sale
Booz Allen Hamilton Holding Corp (NYSE: BAH) Executive Vice President and CFO, Matthew Calderone, sold 3,865 shares of Class A Common Stock for $618,400 on September 23, 2024, at $160 per share. The sale was made under a Rule 10b5-1 trading plan adopted on June 5, 2024. Calderone retains 33,683 shares, including some restricted stock units.
Insider transactions are closely watched as they may indicate executive sentiment about stock values and prospects. Though reasons for the sale are undisclosed, executing trades under a structured plan mitigates scrutiny over timing.
Company Overview
Booz Allen Hamilton, headquartered in McLean, Virginia, provides consulting services to various sectors. The company’s stock is publicly traded on the NYSE.
Company Updates
In recent developments, Booz Allen Hamilton has experienced significant business progress. Truist Securities has shifted to a Hold rating while raising the price target from $140 to $165, following a promising Q1 FY2025 earnings report showing $2.9 billion in revenue—a year-over-year increase of 11%. The defense sector revenue surged 16%, despite a 3% decrease in the intelligence sector.
The company has landed several significant contracts, including a $1.2 billion task order from the U.S. Department of Homeland Security for cyber defense and a $506 million contract with the U.S. Army. TD Cowen maintains a Buy rating with a $165.00 price target, indicating expectations for strong future performance.
Booz Allen also appointed Bill Vass as the new Chief Technology Officer, reinforcing its commitment to technological advancement in defense.
Financial Insights
With a market capitalization of $20.67 billion, Booz Allen Hamilton has demonstrated a solid financial health. The company has raised dividends for eight consecutive years and maintained payments for thirteen years, demonstrating stability with a dividend yield of 1.28%.
Currently, the stock has a P/E ratio of 34.31, indicating potential undervaluation against expected earnings growth, supported by a PEG ratio of 0.31. The stock is trading at 97.25% of its 52-week high, reflecting strong investor confidence.
Revenue growth over the last twelve months stands at 13.3%, showcasing the company’s capacity for effective sales expansion. These financial indicators provide insight into Booz Allen Hamilton’s market position and future opportunities.
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