Insider Selling: Exponent, Inc. (EXPO) CEO Sells $277,680.00 in Stock
Exponent, Inc. (NASDAQ:EXPO) CEO Paul R. Johnston sold 4,000 shares of Exponent stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $69.42, for a total transaction of $277,680.00. Following the transaction, the chief executive officer now owns 46,090 shares in the company, valued at $3,199,567.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Exponent, Inc. (NASDAQ EXPO) opened at 70.70 on Friday. Exponent, Inc. has a 12-month low of $48.42 and a 12-month high of $70.95. The stock has a market capitalization of $1.82 billion, a PE ratio of 36.65 and a beta of 0.62. The stock’s 50 day moving average is $66.61 and its 200 day moving average is $61.45.
Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Tuesday, July 18th. The business services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. Exponent had a net margin of 15.94% and a return on equity of 16.52%. The business had revenue of $84.10 million for the quarter, compared to analyst estimates of $79.30 million. During the same period last year, the business posted $0.38 earnings per share. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. Analysts forecast that Exponent, Inc. will post $1.97 EPS for the current year.
The business also recently disclosed 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 is Wednesday, August 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.19%. Exponent’s payout ratio is 43.52%.
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Several large investors have recently modified their holdings of the stock. Alps Advisors Inc. raised its holdings in shares of Exponent by 0.3% during the second quarter. Alps Advisors Inc. now owns 8,206 shares of the business services provider’s stock worth $478,000 after acquiring an additional 21 shares during the period. Bank of Montreal Can raised its holdings in shares of Exponent by 0.7% during the second quarter. Bank of Montreal Can now owns 3,231 shares of the business services provider’s stock worth $189,000 after acquiring an additional 22 shares during the period. Miles Capital Inc. raised its holdings in shares of Exponent by 1.8% during the first quarter. Miles Capital Inc. now owns 3,824 shares of the business services provider’s stock worth $228,000 after acquiring an additional 67 shares during the period. Pinebridge Investments L.P. raised its holdings in shares of Exponent by 2.1% during the second quarter. Pinebridge Investments L.P. now owns 3,409 shares of the business services provider’s stock worth $199,000 after acquiring an additional 70 shares during the period. Finally, UBS Group AG raised its holdings in shares of Exponent by 0.3% during the first quarter. UBS Group AG now owns 36,673 shares of the business services provider’s stock worth $2,184,000 after acquiring an additional 98 shares during the period. Institutional investors and hedge funds own 88.26% of the company’s stock.
EXPO has been the topic of several research analyst reports. Cantor Fitzgerald restated a “buy” rating and set a $75.00 price target on shares of Exponent in a report on Thursday, August 31st. ValuEngine upgraded shares of Exponent from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Zacks Investment Research upgraded shares of Exponent from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a report on Thursday, July 20th. Finally, BidaskClub cut shares of Exponent from a “hold” rating to a “sell” rating in a report on Tuesday, June 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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