Exponent, Inc. (NASDAQ:EXPO) CEO Sells $272,129.40 in Stock
Exponent, Inc. (NASDAQ:EXPO) CEO Paul R. Johnston sold 4,142 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $65.70, for a total value of $272,129.40. Following the completion of the transaction, the chief executive officer now directly owns 65,477 shares in the company, valued at approximately $4,301,838.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Shares of Exponent, Inc. (EXPO) traded up 0.37% on Tuesday, reaching $67.15. 102,622 shares of the company were exchanged. The stock has a market capitalization of $1.77 billion, a PE ratio of 34.81 and a beta of 0.62. Exponent, Inc. has a 12-month low of $48.42 and a 12-month high of $68.30. The firm has a 50 day moving average price of $60.42 and a 200-day moving average price of $59.43.
Exponent (NASDAQ:EXPO) last released its earnings results on Tuesday, July 18th. The business services provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.10. Exponent had a net margin of 15.94% and a return on equity of 16.52%. The company had revenue of $84.10 million for the quarter, compared to analyst estimates of $79.30 million. During the same quarter last year, the firm earned $0.38 EPS. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, analysts predict that Exponent, Inc. will post $1.97 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Wednesday, August 30th. Exponent’s dividend payout ratio (DPR) is presently 43.52%.
Several large investors have recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Exponent during the fourth quarter worth about $14,612,000. Bank of Montreal Can boosted its position in shares of Exponent by 21.8% in the first quarter. Bank of Montreal Can now owns 3,209 shares of the business services provider’s stock worth $192,000 after buying an additional 575 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Exponent by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the business services provider’s stock worth $619,000 after buying an additional 100 shares during the period. Conestoga Capital Advisors LLC boosted its position in shares of Exponent by 7.5% in the first quarter. Conestoga Capital Advisors LLC now owns 628,897 shares of the business services provider’s stock worth $37,451,000 after buying an additional 43,615 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in shares of Exponent by 0.7% in the first quarter. State of Alaska Department of Revenue now owns 2,830 shares of the business services provider’s stock worth $168,000 after buying an additional 20 shares during the period. 90.55% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on EXPO shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $69.00 target price (up previously from $64.00) on shares of Exponent in a report on Saturday, April 22nd. Zacks Investment Research upgraded shares of Exponent from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research note on Thursday, July 20th. ValuEngine upgraded shares of Exponent from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, BidaskClub downgraded shares of Exponent from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 27th.
Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.
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