Insider Selling: Exponent, Inc. (NASDAQ:EXPO) Director Sells $688,240.00 in Stock

Exponent, Inc. (NASDAQ:EXPO) Director Paul R. Johnston sold 7,000 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $98.32, for a total transaction of $688,240.00. Following the transaction, the director now directly owns 59,406 shares of the company’s stock, valued at approximately $5,840,797.92. This trade represents a 10.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Exponent Trading Up 0.2 %

Shares of NASDAQ:EXPO opened at $95.05 on Thursday. Exponent, Inc. has a 12-month low of $68.70 and a 12-month high of $115.75. The business has a 50 day moving average of $106.69 and a two-hundred day moving average of $102.09. The company has a market capitalization of $4.83 billion, a PE ratio of 45.92 and a beta of 0.69.

Exponent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, December 6th. Exponent’s dividend payout ratio (DPR) is presently 54.11%.

Analyst Upgrades and Downgrades

Separately, Truist Financial reaffirmed a “buy” rating and set a $120.00 price target (up from $100.00) on shares of Exponent in a research report on Friday, July 26th.

Institutional Investors Weigh In On Exponent

A number of institutional investors have recently added to or reduced their stakes in EXPO. Quarry LP purchased a new position in Exponent in the 2nd quarter valued at about $25,000. Westside Investment Management Inc. purchased a new position in shares of Exponent in the third quarter valued at approximately $26,000. GAMMA Investing LLC boosted its stake in shares of Exponent by 67.7% in the second quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock worth $36,000 after acquiring an additional 153 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Exponent by 166.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider’s stock worth $49,000 after purchasing an additional 323 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in Exponent in the 3rd quarter valued at $60,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Exponent Company Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally. The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences, and vehicle engineering.