Insider Selling: Exponent, Inc. (NASDAQ:EXPO) VP Sells $335,160.00 in Stock

Exponent, Inc. (NASDAQ:EXPO) VP Bradley A. James sold 3,528 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $95.00, for a total transaction of $335,160.00. Following the completion of the transaction, the vice president now directly owns 2,030 shares in the company, valued at approximately $192,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Exponent Stock Performance

Shares of EXPO stock opened at $94.05 on Thursday. The stock has a fifty day simple moving average of $82.39 and a two-hundred day simple moving average of $82.15. The firm has a market capitalization of $4.76 billion, a PE ratio of 47.50 and a beta of 0.64. Exponent, Inc. has a 52-week low of $64.61 and a 52-week high of $102.72.

Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, April 25th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.13. Exponent had a return on equity of 28.13% and a net margin of 18.72%. The firm had revenue of $137.21 million during the quarter, compared to analysts’ expectations of $125.98 million. During the same quarter last year, the business posted $0.56 earnings per share. The firm’s revenue was up 6.6% on a year-over-year basis. On average, sell-side analysts forecast that Exponent, Inc. will post 1.92 EPS for the current fiscal year.

Exponent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, June 7th. Exponent’s payout ratio is currently 56.57%.

Hedge Funds Weigh In On Exponent

Hedge funds have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System increased its holdings in Exponent by 13.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,469 shares of the business services provider’s stock valued at $1,362,000 after acquiring an additional 1,960 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Exponent by 5.2% in the first quarter. Russell Investments Group Ltd. now owns 16,038 shares of the business services provider’s stock worth $1,326,000 after buying an additional 786 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Exponent in the first quarter worth about $154,000. SG Americas Securities LLC boosted its stake in Exponent by 601.1% during the first quarter. SG Americas Securities LLC now owns 12,866 shares of the business services provider’s stock valued at $1,064,000 after buying an additional 11,031 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Exponent by 11.9% during the 1st quarter. Empowered Funds LLC now owns 7,189 shares of the business services provider’s stock valued at $594,000 after buying an additional 764 shares in the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on EXPO shares. Truist Financial lifted their price target on shares of Exponent from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, April 29th. StockNews.com upgraded Exponent from a “sell” rating to a “hold” rating in a research report on Monday, March 4th.

About Exponent

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.