Exponent, Inc. (EXPO) CEO Paul R. Johnston Sells 4,000 Shares
Exponent, Inc. (NASDAQ:EXPO) CEO Paul R. Johnston sold 4,000 shares of Exponent stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $72.42, for a total transaction of $289,680.00. Following the completion of the transaction, the chief executive officer now owns 38,394 shares of the company’s stock, valued at $2,780,493.48. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Exponent, Inc. (NASDAQ EXPO) opened at 72.80 on Tuesday. Exponent, Inc. has a 1-year low of $48.42 and a 1-year high of $73.60. The company has a 50-day moving average of $67.02 and a 200-day moving average of $61.69. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 37.74 and a beta of 0.62.
Exponent (NASDAQ:EXPO) last announced its quarterly earnings data on Tuesday, July 18th. The business services provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.10. The firm had revenue of $84.10 million for the quarter, compared to the consensus estimate of $79.30 million. Exponent had a net margin of 15.94% and a return on equity of 16.52%. The company’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.38 EPS. Analysts anticipate that Exponent, Inc. will post $1.97 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 1st were given a dividend of $0.21 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.84 annualized dividend and a dividend yield of 1.15%. Exponent’s payout ratio is 43.52%.
A number of research analysts recently weighed in on the stock. Cantor Fitzgerald reiterated a “buy” rating and issued a $75.00 price objective (up from $69.00) on shares of Exponent in a research note on Wednesday, July 19th. Zacks Investment Research lowered shares of Exponent from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 19th. BidaskClub upgraded shares of Exponent from a “strong sell” rating to a “sell” rating in a research note on Wednesday, July 5th. Finally, ValuEngine upgraded shares of Exponent from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th.
Hedge funds have recently made changes to their positions in the company. Riverhead Capital Management LLC raised its position in shares of Exponent by 89.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 1,897 shares of the business services provider’s stock valued at $111,000 after purchasing an additional 897 shares during the period. Advisor Group Inc. raised its position in shares of Exponent by 15.4% during the 2nd quarter. Advisor Group Inc. now owns 2,131 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 284 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Exponent during the 1st quarter valued at $132,000. Victory Capital Management Inc. raised its position in shares of Exponent by 9.2% during the 1st quarter. Victory Capital Management Inc. now owns 2,683 shares of the business services provider’s stock valued at $160,000 after purchasing an additional 226 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Exponent by 0.7% during the 2nd quarter. Bank of Montreal Can now owns 3,231 shares of the business services provider’s stock valued at $189,000 after purchasing an additional 22 shares during the period. Hedge funds and other institutional investors own 88.26% of the company’s stock.
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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