Paul R. Johnston Sells 5,000 Shares of Exponent, Inc. (EXPO) Stock
Exponent, Inc. (NASDAQ:EXPO) CEO Paul R. Johnston sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was sold at an average price of $64.52, for a total transaction of $322,600.00. Following the transaction, the chief executive officer now directly owns 66,335 shares in the company, valued at $4,279,934.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Exponent, Inc. (EXPO) opened at 66.10 on Wednesday. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 34.27 and a beta of 0.62. The company’s 50-day moving average is $63.79 and its 200-day moving average is $60.39. Exponent, Inc. has a 52-week low of $48.42 and a 52-week high of $68.30.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Tuesday, July 18th. The business services provider reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.10. Exponent had a return on equity of 16.52% and a net margin of 15.94%. The firm had revenue of $84.10 million for the quarter, compared to analysts’ expectations of $79.30 million. During the same period in the previous year, the firm earned $0.38 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. On average, analysts expect that Exponent, Inc. will post $1.97 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.27%. Exponent’s payout ratio is currently 43.52%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC boosted its position in Exponent by 89.7% in the second quarter. Riverhead Capital Management LLC now owns 1,897 shares of the business services provider’s stock worth $111,000 after buying an additional 897 shares during the last quarter. Advisory Services Network LLC bought a new position in Exponent during the first quarter worth $123,000. Advisor Group Inc. boosted its position in Exponent by 15.4% in the second quarter. Advisor Group Inc. now owns 2,131 shares of the business services provider’s stock worth $124,000 after buying an additional 284 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Exponent during the first quarter worth $132,000. Finally, Victory Capital Management Inc. boosted its position in Exponent by 9.2% in the first quarter. Victory Capital Management Inc. now owns 2,683 shares of the business services provider’s stock worth $160,000 after buying an additional 226 shares during the last quarter. 88.26% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on EXPO shares. BidaskClub lowered shares of Exponent from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Zacks Investment Research raised shares of Exponent from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Thursday, June 29th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $75.00 price target (up from $69.00) on shares of Exponent in a research report on Wednesday, July 19th. Finally, ValuEngine raised shares of Exponent from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th.
Exponent Company Profile
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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