Exponent (NASDAQ:EXPO) VP Sells $114,940.00 in Stock

Exponent, Inc. (NASDAQ:EXPO) VP Bradley James sold 2,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $57.47, for a total transaction of $114,940.00. Following the completion of the transaction, the vice president owned 1,105 shares in the company, valued at approximately $63,504.35. The trade was a 64.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Exponent Trading Down 1.0%

EXPO stock traded down $0.60 during midday trading on Wednesday, hitting $56.93. The stock had a trading volume of 146,061 shares, compared to its average volume of 478,497. The firm has a market cap of $2.76 billion, a P/E ratio of 26.46 and a beta of 0.78. Exponent, Inc. has a 1-year low of $51.91 and a 1-year high of $81.95. The business has a fifty day moving average price of $63.86 and a two-hundred day moving average price of $69.16.

Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, April 30th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. The business had revenue of $166.30 million for the quarter, compared to analyst estimates of $149.53 million. Exponent had a net margin of 18.07% and a return on equity of 27.94%. Exponent’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 earnings per share. On average, equities analysts anticipate that Exponent, Inc. will post 2.28 EPS for the current year.

Exponent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Friday, June 5th will be issued a $0.31 dividend. The ex-dividend date is Friday, June 5th. This represents a $1.24 annualized dividend and a yield of 2.2%. Exponent’s payout ratio is presently 57.67%.

Institutional Investors Weigh In On Exponent

Several hedge funds and other institutional investors have recently made changes to their positions in EXPO. Bell Investment Advisors Inc increased its position in shares of Exponent by 423.6% during the first quarter. Bell Investment Advisors Inc now owns 377 shares of the business services provider’s stock worth $25,000 after acquiring an additional 305 shares in the last quarter. Hantz Financial Services Inc. grew its position in Exponent by 97.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 396 shares of the business services provider’s stock worth $28,000 after purchasing an additional 195 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Exponent in the 3rd quarter worth about $33,000. Allworth Financial LP grew its position in Exponent by 86.1% in the 4th quarter. Allworth Financial LP now owns 469 shares of the business services provider’s stock worth $33,000 after purchasing an additional 217 shares in the last quarter. Finally, Winnow Wealth LLC bought a new stake in Exponent in the 3rd quarter worth about $34,000. 92.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EXPO shares. JPMorgan Chase & Co. dropped their price objective on shares of Exponent from $95.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, May 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Exponent in a report on Tuesday, April 21st. Finally, UBS Group dropped their price objective on shares of Exponent from $85.00 to $75.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Exponent presently has an average rating of “Moderate Buy” and an average price target of $77.50.

Exponent Company Profile

Exponent, Inc (NASDAQ: EXPO) is an engineering and scientific consulting firm that offers multidisciplinary analysis and advisory services to clients across a range of industries. The company’s expertise spans mechanical, materials and corrosion engineering, civil and structural engineering, electrical engineering, industrial hygiene, toxicology and health sciences, and failure analysis. Exponent provides support for product design, performance evaluation, litigation consulting, and regulatory compliance, helping manufacturers, insurers, law firms and government agencies address complex technical challenges.

Founded in 1967 in Menlo Park, California, Exponent has grown from a small failure-analysis laboratory into a global consulting practice.