Insider Selling: Exponent, Inc. (NASDAQ:EXPO) Director Sells 1,300 Shares of Stock

Exponent, Inc. (NASDAQ:EXPO) Director Paul R. Johnston sold 1,300 shares of Exponent stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $95.03, for a total transaction of $123,539.00. Following the completion of the transaction, the director now directly owns 59,406 shares of the company’s stock, valued at $5,645,352.18. This trade represents a 2.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Exponent Stock Up 0.9 %

Exponent stock opened at $95.86 on Friday. The firm has a 50-day moving average price of $106.50 and a two-hundred day moving average price of $102.05. Exponent, Inc. has a 52-week low of $68.70 and a 52-week high of $115.75. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 46.31 and a beta of 0.69.

Exponent Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, December 6th. Exponent’s dividend payout ratio (DPR) is 54.11%.

Hedge Funds Weigh In On Exponent

Several hedge funds have recently modified their holdings of EXPO. Quarry LP acquired a new stake in shares of Exponent during the second quarter worth $25,000. Westside Investment Management Inc. acquired a new stake in shares of Exponent during the 3rd quarter valued at about $26,000. GAMMA Investing LLC raised its position in Exponent by 67.7% during the second quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 153 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Exponent by 166.5% in 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 bought a new stake in Exponent during the third quarter worth approximately $60,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Truist Financial reiterated 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.

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.