Exponent Inc. (EXPO) Shares Up 0.8%
Exponent Inc. (NASDAQ:EXPO) shares shot up 0.8% on Wednesday . The stock traded as high as $50.84 and last traded at $50.49, with a volume of 138,862 shares trading hands. The stock had previously closed at $50.11.
Several brokerages recently weighed in on EXPO. Zacks Investment Research downgraded shares of Exponent from a “hold” rating to a “strong sell” rating in a research note on Friday, July 22nd. Avondale Partners began coverage on Exponent in a report on Thursday, July 7th. They issued a “market perform” rating and a $60.00 price target for the company.
The company’s 50 day moving average is $53.23 and its 200-day moving average is $51.42. The firm has a market capitalization of $1.31 billion and a P/E ratio of 28.87.
Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Tuesday, July 19th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The firm earned $77.30 million during the quarter, compared to the consensus estimate of $80.46 million. On average, equities analysts forecast that Exponent Inc. will post $1.58 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 2nd will be paid a $0.18 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.42%.
In related news, insider Paul Boehm sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $52.18, for a total transaction of $260,900.00. Following the completion of the transaction, the insider now owns 24,045 shares of the company’s stock, valued at $1,254,668.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Catherine Corrigan sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $52.68, for a total value of $158,040.00. Following the transaction, the vice president now directly owns 20,898 shares of the company’s stock, valued at approximately $1,100,906.64. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Exponent stock. Wells Fargo & Company MN boosted its stake in shares of Exponent Inc. (NASDAQ:EXPO) by 14.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 326,619 shares of the company’s stock after buying an additional 42,025 shares during the period. Wells Fargo & Company MN owned 1.23% of Exponent worth $16,314,000 as of its most recent SEC filing.
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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