Harri Kytomaa Sells 12,000 Shares of Exponent, Inc. (EXPO) Stock
Exponent, Inc. (NASDAQ:EXPO) insider Harri Kytomaa sold 12,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $66.38, for a total transaction of $796,560.00. Following the sale, the insider now owns 11,360 shares in the company, valued at approximately $754,076.80. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Exponent, Inc. (NASDAQ:EXPO) traded up 0.37% during trading on Tuesday, reaching $67.15. 102,622 shares of the company were exchanged. Exponent, Inc. has a one year low of $48.42 and a one year high of $68.30. The stock has a 50-day moving average price of $60.42 and a 200-day moving average price of $59.43. The stock has a market capitalization of $1.77 billion, a PE ratio of 34.81 and a beta of 0.62.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Tuesday, July 18th. The business services provider reported $0.51 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to analyst estimates of $79.30 million. During the same period in the prior year, the business posted $0.38 EPS. The firm’s revenue was up 14.7% compared to the same quarter last year. Analysts forecast that Exponent, Inc. will post $1.97 EPS for the current year.
The business also recently disclosed 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. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.84 annualized dividend and a yield of 1.25%. Exponent’s dividend payout ratio (DPR) is presently 43.52%.
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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of Exponent by 17.7% in the second quarter. Victory Capital Management Inc. now owns 3,157 shares of the business services provider’s stock valued at $184,000 after buying an additional 474 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Exponent by 68.9% in the second quarter. BNP Paribas Arbitrage SA now owns 8,731 shares of the business services provider’s stock valued at $509,000 after buying an additional 3,562 shares during the period. Legal & General Group Plc raised its position in shares of Exponent by 9.3% in the second quarter. Legal & General Group Plc now owns 50,587 shares of the business services provider’s stock valued at $2,948,000 after buying an additional 4,318 shares during the period. Alps Advisors Inc. raised its position in shares of Exponent by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,206 shares of the business services provider’s stock valued at $478,000 after buying an additional 21 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Exponent during the second quarter valued at approximately $278,000. Institutional investors and hedge funds own 90.55% of the company’s stock.
EXPO has been the subject of several research reports. Zacks Investment Research downgraded shares of Exponent from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $69.00 price target (up previously from $64.00) on shares of Exponent in a research note on Saturday, April 22nd. BidaskClub downgraded shares of Exponent from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Finally, ValuEngine raised shares of Exponent from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th.
Exponent Company Profile
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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