Exponent, Inc. (NASDAQ:EXPO) CEO Paul R. Johnston sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $64.41, for a total value of $322,050.00. Following the transaction, the chief executive officer now directly owns 66,335 shares of the company’s stock, valued at $4,272,637.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Exponent, Inc. (NASDAQ EXPO) traded down 1.01% during mid-day trading on Friday, reaching $63.85. The company’s stock had a trading volume of 90,699 shares. 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 is $62.98 and its 200-day moving average is $60.12. The firm has a market capitalization of $1.65 billion, a PE ratio of 33.10 and a beta of 0.62.

Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Tuesday, July 18th. The business services provider reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.10. The company had revenue of $84.10 million for the quarter, compared to analysts’ expectations of $79.30 million. Exponent had a return on equity of 16.52% and a net margin of 15.94%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share. On average, equities analysts anticipate that Exponent, Inc. will post $1.97 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.84 annualized dividend and a yield of 1.32%. Exponent’s payout ratio is 43.52%.

ILLEGAL ACTIVITY WARNING: “Exponent, Inc. (EXPO) CEO Sells $322,050.00 in Stock” was reported by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was stolen and reposted in violation of United States and international trademark & copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/08/18/exponent-inc-expo-ceo-sells-322050-00-in-stock.html.

Several research firms have recently weighed in on EXPO. ValuEngine raised Exponent from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Zacks Investment Research raised Exponent from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a report on Thursday, July 20th. Cantor Fitzgerald reissued a “buy” rating and issued a $75.00 target price (up from $69.00) on shares of Exponent in a report on Wednesday, July 19th. Finally, BidaskClub raised Exponent from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 5th.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in Exponent by 41,234.4% in the first quarter. BlackRock Inc. now owns 3,080,242 shares of the business services provider’s stock valued at $183,428,000 after buying an additional 3,072,790 shares during the period. Vanguard Group Inc. raised its position in Exponent by 3.9% in the second quarter. Vanguard Group Inc. now owns 2,261,432 shares of the business services provider’s stock valued at $131,841,000 after buying an additional 85,291 shares during the period. TimesSquare Capital Management LLC raised its position in Exponent by 1.3% in the first quarter. TimesSquare Capital Management LLC now owns 876,650 shares of the business services provider’s stock valued at $52,205,000 after buying an additional 11,650 shares during the period. Conestoga Capital Advisors LLC raised its position in Exponent by 15.6% in the second quarter. Conestoga Capital Advisors LLC now owns 727,177 shares of the business services provider’s stock valued at $42,394,000 after buying an additional 98,280 shares during the period. Finally, State Street Corp raised its position in Exponent by 4.5% in the second quarter. State Street Corp now owns 642,196 shares of the business services provider’s stock valued at $37,436,000 after buying an additional 27,930 shares during the period. Hedge funds and other institutional investors own 90.37% of the company’s stock.

About Exponent

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.

Insider Buying and Selling by Quarter for Exponent (NASDAQ:EXPO)

Receive News & Ratings for Exponent Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exponent Inc. and related companies with MarketBeat.com's FREE daily email newsletter.