Exponent, Inc. (EXPO) CEO Paul R. Johnston Sells 3,000 Shares
Exponent, Inc. (NASDAQ:EXPO) CEO Paul R. Johnston sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $74.01, for a total value of $222,030.00. Following the completion of the transaction, the chief executive officer now owns 32,342 shares in the company, valued at approximately $2,393,631.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Exponent, Inc. (NASDAQ:EXPO) traded down 0.92% during trading on Tuesday, reaching $75.25. 118,960 shares of the company traded hands. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 39.01 and a beta of 0.61. The company’s 50-day moving average price is $69.29 and its 200 day moving average price is $62.80. Exponent, Inc. has a 52 week low of $48.42 and a 52 week high of $76.20.
Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Tuesday, July 18th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.10. Exponent had a return on equity of 16.52% and a net margin of 15.94%. The business had revenue of $84.10 million for the quarter, compared to analysts’ expectations of $79.30 million. During the same period in the prior year, the firm posted $0.38 EPS. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. On average, equities research analysts expect that Exponent, Inc. will post $1.97 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 22nd. Shareholders of record on Friday, September 1st were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date was Wednesday, August 30th. Exponent’s payout ratio is 43.52%.
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Several large investors have recently made changes to their positions in EXPO. BlackRock Inc. lifted its holdings in shares of Exponent by 41,234.4% during the first quarter. BlackRock Inc. now owns 3,080,242 shares of the business services provider’s stock valued at $183,428,000 after purchasing an additional 3,072,790 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Exponent by 43.8% during 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 last quarter. Voya Investment Management LLC increased its holdings in Exponent by 38.6% in the 2nd quarter. Voya Investment Management LLC now owns 420,597 shares of the business services provider’s stock worth $24,521,000 after buying an additional 117,147 shares in the last quarter. Schroder Investment Management Group bought a new stake in Exponent in the 1st quarter worth about $6,312,000. Finally, Conestoga Capital Advisors LLC increased its holdings in Exponent by 15.6% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 727,177 shares of the business services provider’s stock worth $42,394,000 after buying an additional 98,280 shares in the last quarter. 88.26% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently commented on the company. BidaskClub downgraded Exponent from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Zacks Investment Research raised Exponent from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Thursday, June 29th. Cantor Fitzgerald reissued a “buy” rating and issued a $75.00 price objective (up previously from $69.00) on shares of Exponent in a research report on Wednesday, July 19th. Finally, ValuEngine upgraded Exponent from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th.
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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