Exponent Inc. (EXPO) Sees Large Volume Increase
Shares of Exponent Inc. (NASDAQ:EXPO) saw strong trading volume on Friday . 169,979 shares traded hands during mid-day trading, an increase of 31% from the previous session’s volume of 129,576 shares.The stock last traded at $50.71 and had previously closed at $50.90.
A number of research analysts have recently commented on the company. Avondale Partners assumed coverage on Exponent in a research note on Thursday, July 7th. They issued a “market perform” rating and a $60.00 price target for the company. Zacks Investment Research cut Exponent from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Finally, Cantor Fitzgerald assumed coverage on Exponent in a research note on Friday. They issued a “buy” rating for the company.
The stock has a market capitalization of $1.32 billion and a P/E ratio of 29.02. The company’s 50-day moving average price is $53.02 and its 200 day moving average price is $51.42.
Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Tuesday, July 19th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $77.30 million for the quarter, compared to analyst estimates of $80.46 million. On average, equities analysts predict that Exponent Inc. will post $1.58 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 2nd will be paid a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, August 31st. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%.
In related news, CEO Paul R. Johnston sold 6,006 shares of Exponent stock in a transaction that occurred on Tuesday, June 21st. The shares were sold at an average price of $56.31, for a total value of $338,197.86. Following the completion of the transaction, the chief executive officer now directly owns 81,036 shares in the company, valued at approximately $4,563,137.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul Boehm sold 5,000 shares of Exponent stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $51.42, for a total transaction of $257,100.00. Following the completion of the transaction, the insider now owns 29,045 shares of the company’s stock, valued at $1,493,493.90. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Exponent stock. Wells Fargo & Company MN raised its position in shares of Exponent Inc. (NASDAQ:EXPO) by 14.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 326,619 shares of the company’s stock after buying an additional 42,025 shares during the period. Wells Fargo & Company MN owned about 1.23% of Exponent worth $16,314,000 as of its most recent filing with the SEC.
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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