Exponent, Inc. (EXPO) CEO Sells $322,050.00 in Stock
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%.
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.
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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