Exponent (NASDAQ:EXPO) CEO Sells 1,707 Shares
by Michael Walen · The Markets DailyExponent, Inc. (NASDAQ:EXPO – Get Free Report) CEO Catherine Corrigan sold 1,707 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $66.28, for a total value of $113,139.96. Following the completion of the transaction, the chief executive officer owned 129,108 shares in the company, valued at $8,557,278.24. The trade was a 1.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Catherine Corrigan also recently made the following trade(s):
- On Monday, June 15th, Catherine Corrigan sold 4,119 shares of Exponent stock. The stock was sold at an average price of $57.13, for a total value of $235,318.47.
Exponent Price Performance
Shares of NASDAQ:EXPO traded up $1.32 during trading on Tuesday, hitting $67.51. 380,459 shares of the company’s stock were exchanged, compared to its average volume of 537,623. The business’s 50-day simple moving average is $62.15 and its 200 day simple moving average is $64.59. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 30.27 and a beta of 0.68. Exponent, Inc. has a 52-week low of $51.91 and a 52-week high of $81.95.
Exponent (NASDAQ:EXPO – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The business services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Exponent had a return on equity of 31.48% and a net margin of 17.67%.The company had revenue of $171.61 million for the quarter, compared to analysts’ expectations of $144.99 million. During the same period in the previous year, the firm earned $0.52 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Exponent, Inc. will post 2.31 EPS for the current fiscal year.
Exponent Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, September 4th. Exponent’s payout ratio is 55.61%.
Wall Street Analyst Weigh In
EXPO has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Exponent in a research note on Friday, July 17th. UBS Group set a $72.00 price target on shares of Exponent and gave the stock a “neutral” rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Exponent from $80.00 to $90.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.00.
Read Our Latest Analysis on Exponent
Institutional Trading of Exponent
A number of large investors have recently added to or reduced their stakes in the company. Bell Investment Advisors Inc boosted its position in shares of Exponent by 423.6% during the 1st quarter. Bell Investment Advisors Inc now owns 377 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 305 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Exponent in the second quarter valued at $26,000. Public Employees Retirement System of Ohio bought a new stake in Exponent in the second quarter worth $29,000. Allworth Financial LP increased its position in Exponent by 86.1% in the fourth quarter. Allworth Financial LP now owns 469 shares of the business services provider’s stock worth $33,000 after purchasing an additional 217 shares during the last quarter. Finally, Bessemer Group Inc. raised its stake in Exponent by 37.1% during the first quarter. Bessemer Group Inc. now owns 717 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 194 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.
About Exponent
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.
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