Exponent Inc. (EXPO) Sets New 52-Week High at $58.72
Exponent Inc. (NASDAQ:EXPO) hit a new 52-week high on Wednesday . The company traded as high as $58.72 and last traded at $58.43, with a volume of 25,977 shares trading hands. The stock had previously closed at $57.91.
A number of research firms have commented on EXPO. Avondale Partners reaffirmed a “market perform” rating and set a $60.00 target price on shares of Exponent in a report on Thursday. Zacks Investment Research downgraded Exponent from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th.
The company has a 50-day moving average price of $54.94 and a 200-day moving average price of $50.44. The stock has a market cap of $1.50 billion and a P/E ratio of 32.41.
Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Wednesday, April 20th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. The firm had revenue of $79 million for the quarter, compared to analyst estimates of $77.15 million. During the same period in the previous year, the business posted $0.75 EPS. Exponent’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, analysts expect that Exponent Inc. will post $1.84 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 24th. Shareholders of record on Friday, June 10th were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.25%.
In other Exponent news, VP Paul Boehm sold 10,000 shares of the business’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $51.00, for a total value of $510,000.00. Following the completion of the sale, the vice president now owns 34,045 shares of the company’s stock, valued at $1,736,295. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Catherine Corrigan sold 6,723 shares of the business’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $50.32, for a total value of $338,301.36. Following the completion of the sale, the vice president now directly owns 34,124 shares of the company’s stock, valued at approximately $1,717,119.68. The disclosure for this sale can be found here.
Other hedge funds recently made changes to their positions in the company. First Trust Advisors LP boosted its stake in shares of Exponent by 74.9% in the fourth quarter. First Trust Advisors LP now owns 26,087 shares of the company’s stock worth $1,303,000 after buying an additional 11,171 shares in the last quarter. Comerica Bank boosted its stake in shares of Exponent by 0.7% in the fourth quarter. Comerica Bank now owns 27,900 shares of the company’s stock worth $1,322,000 after buying an additional 203 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Exponent by 6.3% in the fourth quarter. Rhumbline Advisers now owns 33,165 shares of the company’s stock worth $1,657,000 after buying an additional 1,980 shares in the last quarter. WBI Investments Inc. bought a new stake in shares of Exponent during the fourth quarter worth $1,957,000. Finally, California State Teachers Retirement System boosted its stake in shares of Exponent by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 48,123 shares of the company’s stock worth $2,404,000 after buying an additional 770 shares in the last quarter.
Exponent, Inc, along with its subsidiaries, is a science and engineering consulting company. The Company operates through two segments: Engineering and Other Scientific, and Environmental and Health. Its Engineering and Other Scientific segment includes biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, electrical engineering and computer science, engineering management consulting, human factors, industrial structures, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, technology development, thermal sciences and vehicle analysis services.
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