Paul R. Johnston Sells 5,000 Shares of Exponent, Inc. (EXPO) Stock
Exponent, Inc. (NASDAQ:EXPO) CEO Paul R. Johnston sold 5,000 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $65.28, for a total value of $326,400.00. Following the transaction, the chief executive officer now directly owns 66,335 shares in the company, valued at approximately $4,330,348.80. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Exponent, Inc. (EXPO) traded down 0.23% during trading on Wednesday, reaching $64.95. The company had a trading volume of 45,814 shares. The stock has a market capitalization of $1.68 billion, a PE ratio of 33.67 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 stock’s 50-day moving average price is $62.39 and its 200-day moving average price is $60.00.
Exponent (NASDAQ:EXPO) last announced its quarterly earnings data on Tuesday, July 18th. The business services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. Exponent had a return on equity of 16.52% and a net margin of 15.94%. The company had revenue of $84.10 million during the quarter, compared to the consensus estimate of $79.30 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. Equities analysts forecast that Exponent, Inc. will post $1.97 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.29%. Exponent’s dividend payout ratio (DPR) is presently 43.52%.
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Several large investors have recently made changes to their positions in EXPO. BlackRock Inc. increased its stake in shares of Exponent by 41,234.4% in the first quarter. BlackRock Inc. now owns 3,080,242 shares of the business services provider’s stock worth $183,428,000 after buying an additional 3,072,790 shares during the period. Norges Bank purchased a new stake in shares of Exponent during the fourth quarter valued at about $14,612,000. Renaissance Technologies LLC increased its stake in shares of Exponent by 43.8% in the second quarter. Renaissance Technologies LLC now owns 530,700 shares of the business services provider’s stock valued at $30,940,000 after buying an additional 161,600 shares during the period. Voya Investment Management LLC increased its stake in shares of Exponent by 38.6% in the second quarter. Voya Investment Management LLC now owns 420,597 shares of the business services provider’s stock valued at $24,521,000 after buying an additional 117,147 shares during the period. Finally, Schroder Investment Management Group purchased a new stake in shares of Exponent during the first quarter valued at about $6,312,000. Institutional investors own 90.37% of the company’s stock.
EXPO has been the topic of several recent research reports. Cantor Fitzgerald restated an “overweight” rating and set a $69.00 price target (up previously from $64.00) on shares of Exponent in a report on Saturday, April 22nd. Zacks Investment Research upgraded Exponent from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a report on Thursday, July 20th. ValuEngine upgraded Exponent from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Finally, BidaskClub downgraded Exponent from a “sell” rating to a “strong sell” rating in a research note 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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