Booz Allen Hamilton Posts Upbeat Results, Joins AppFolio, Gentex And Other Big Stocks Moving Higher On Friday

U.S. stocks traded mixed, with the Dow Jones gaining around 80 points on Friday.

Shares of Booz Allen Hamilton Holding Corporation BAH rose sharply during Friday’s session after the company reported better-than-expected third-quarter financial results, increased its quarterly dividend and raised FY24 guidance.

Booz Allen Hamilton posted adjusted earnings of $1.41 per share, beating market estimates of $1.14 per share. The company’s quarterly sales came in at $2.57 billion versus expectations of $2.54 billion, according to data from Benzinga Pro.

Booz Allen Hamilton shares jumped 13.2% to $145.90 on Friday.

Here are some other big stocks recording gains in today’s session.

• AppFolio, Inc. APPF surged 25.7% to $219.23 after the company reported better-than-expected fourth-quarter financial results and issued guidance.
• Vera Therapeutics, Inc. VERA gained 20.6% to $30.54. Raymond James analyst Steven Seedhouse upgraded Vera Therapeutics from Outperform to Strong Buy and raised the price target from $29 to $37.
• eHealth, Inc. EHTH jumped 19.8% to $6.70 after the company announced preliminary results for the fourth quarter.
• Tellurian Inc. TELL shares rose 16.6% to $0.6067 following a report suggesting the company hired Lazard to explore a possible sale.
• Cipher Mining Inc. CIFR climbed 11.8% to $2.64.
• Lumen Technologies, Inc. LUMN gained 11.2% to $1.5350 after the company announced that it entered into an amended and rested transaction support agreement with a group of creditors.
• ESSA Pharma Inc. EPIX gained 11% to $7.55.
• Mereo BioPharma Group plc MREO rose 10.5% to $4.0207.
• Freedom Holding Corp. FRHC gained 8.5% to $84.98 after the company announced the conclusion of an external review of allegations made in a short-seller report.
• CleanSpark, Inc. CLSK climbed 7.8% to $7.88.
• Repligen Corporation RGEN rose 7.3% to $199.07.
• American Express Company AXP climbed 7.2% to $201.61 after the company posted quarterly results and plans to increase the regular quarterly dividend by 17%.
• Avid Bioservices, Inc. CDMO rose 7.2% to $7.42.
• First Financial Bankshares, Inc. FFIN rose 6.9% to $32.29 after the company reported fourth-quarter financial results.
• The Bancorp, Inc. TBBK climbed 6.6% to $43.18 after the company reported better-than-expected fourth-quarter sales results.
• Gentex Corporation GNTX surged 6% to $33.74 after the company reported better-than-expected fourth-quarter financial results and issued guidance.
• Olin Corporation OLN gained 6% to $54.89 following strong results.
• Avantor, Inc. AVTR rose 5.2% to $23.07 after Raymond James maintained an Outperform rating on the stock and raised its price target from $22.5 to $26.

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