Shares of Exponent, Inc. (NASDAQ:EXPO) reached a new 52-week high on Friday . The company traded as high as $54.50 and last traded at $54.05, with a volume of 826 shares trading hands. The stock had previously closed at $53.80.

A number of analysts recently weighed in on the company. Berenberg Bank assumed coverage on Exponent in a research note on Wednesday. They issued a “buy” rating on the stock. BidaskClub upgraded Exponent from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 7th. Zacks Investment Research upgraded Exponent from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. SunTrust Banks lifted their price target on Exponent to $56.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Finally, ValuEngine downgraded Exponent from a “buy” rating to a “hold” rating in a research note on Monday, June 11th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Exponent currently has a consensus rating of “Buy” and an average price target of $34.67.

The company has a market cap of $2.76 billion, a price-to-earnings ratio of 50.56 and a beta of 0.60.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Thursday, July 19th. The business services provider reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. Exponent had a return on equity of 20.52% and a net margin of 13.51%. The firm had revenue of $95.60 million for the quarter, compared to the consensus estimate of $89.42 million. During the same period in the previous year, the business earned $0.51 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. equities research analysts expect that Exponent, Inc. will post 1.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $0.52 dividend on an annualized basis and a yield of 0.96%. Exponent’s payout ratio is 48.60%.

In other Exponent news, insider Richard Reiss sold 2,236 shares of the business’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $49.43, for a total transaction of $110,525.48. Following the sale, the insider now directly owns 4,054 shares in the company, valued at $200,389.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.80% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Exponent by 121.0% during the second quarter. BlackRock Inc. now owns 7,238,515 shares of the business services provider’s stock worth $349,620,000 after purchasing an additional 3,963,618 shares in the last quarter. Conestoga Capital Advisors LLC boosted its position in Exponent by 111.6% during the second quarter. Conestoga Capital Advisors LLC now owns 1,989,839 shares of the business services provider’s stock worth $96,109,000 after purchasing an additional 1,049,534 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Exponent by 88.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,736,818 shares of the business services provider’s stock worth $83,890,000 after purchasing an additional 814,572 shares in the last quarter. Renaissance Technologies LLC boosted its position in Exponent by 88.4% during the second quarter. Renaissance Technologies LLC now owns 1,099,651 shares of the business services provider’s stock worth $53,113,000 after purchasing an additional 515,851 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in Exponent by 109.9% during the second quarter. Janus Henderson Group PLC now owns 1,062,498 shares of the business services provider’s stock worth $51,319,000 after purchasing an additional 556,278 shares in the last quarter. Institutional investors own 88.84% of the company’s stock.

Exponent Company Profile (NASDAQ:EXPO)

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.

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