Richard Crowe, the Executive Vice President of Booz Allen (NYSE:BAH) Hamilton Holding Corp (NYSE:BAH), recently sold shares worth $700,095. The transaction involved the sale of 4,243 shares of Class A Common Stock at a price of $165 per share on October 24, 2024. Following this sale, Crowe retains ownership of 25,496 shares, which includes restricted stock units. The sale was conducted under a Rule 10b5-1 trading plan that Crowe adopted on March 4, 2024.
In other recent news, Booz Allen Hamilton reported a robust Q2 for the fiscal year 2025, showing significant revenue increases across its civil, defense, and intelligence sectors. This strong performance has led to an upward revision of the company's fiscal year outlook. Key drivers of this growth include the firm's VOLT strategy, a record $41 billion backlog, a $115 million insurance recovery, and a $200 million boost from payroll modernization.
The company's financial highlights also include a 25% year-over-year increase in adjusted EBITDA to $364 million, and a 129% rise in net income to $390 million. Furthermore, Booz Allen Hamilton repurchased $232 million in shares and declared a quarterly dividend of $0.51 per share.
The company anticipates revenue growth for FY 2025 to be between 11% to 13%, with adjusted EBITDA projected between $1.3 billion and $1.33 billion. Despite facing some contract churn, the consultancy firm maintains a strong demand environment and a qualified pipeline of over $20 billion. These recent developments suggest a positive trajectory for Booz Allen Hamilton's future performance.
InvestingPro Insights
As Richard Crowe reduces his stake in Booz Allen Hamilton, investors might be curious about the company's current financial standing and market performance. According to InvestingPro data, Booz Allen Hamilton boasts a market capitalization of $23.69 billion, reflecting its significant presence in the consulting industry.
The company's stock has shown remarkable strength, with a 57.22% total return over the past year and a 30.55% return in the last three months. This performance aligns with an InvestingPro Tip indicating that BAH is trading near its 52-week high, currently at 98.15% of that peak.
Despite the recent insider sale, Booz Allen Hamilton's financial health appears robust. The company reported revenue of $11.43 billion in the last twelve months, with a solid revenue growth of 13.94%. Additionally, an InvestingPro Tip highlights that BAH has maintained dividend payments for 13 consecutive years, demonstrating a commitment to shareholder returns.
For investors seeking a deeper understanding of Booz Allen Hamilton's prospects, InvestingPro offers 16 additional tips, providing a comprehensive analysis of the company's financial position and market outlook.
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