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 company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $98.32, for a total value of $688,240.00. Following the completion of the sale, the director now owns 59,406 shares of the company’s stock, valued at $5,840,797.92. This trade represents a 10.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Exponent Price Performance

Shares of NASDAQ:EXPO traded down $0.62 during trading on Monday, hitting $96.78. 37,607 shares of the company were exchanged, compared to its average volume of 244,727. The stock has a market capitalization of $4.91 billion, a P/E ratio of 47.05 and a beta of 0.69. Exponent, Inc. has a 12-month low of $68.70 and a 12-month high of $115.75. The firm’s 50 day moving average price is $107.23 and its 200-day moving average price is $102.11.

Exponent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a yield of 1.16%. Exponent’s payout ratio is currently 54.11%.

Institutional Investors Weigh In On Exponent

A number of hedge funds have recently added to or reduced their stakes in EXPO. Inspire Advisors LLC boosted its position in shares of Exponent by 1.3% during the 2nd quarter. Inspire Advisors LLC now owns 7,615 shares of the business services provider’s stock worth $724,000 after purchasing an additional 98 shares in the last quarter. Caprock Group LLC lifted its position in shares of Exponent by 4.2% in the second quarter. Caprock Group LLC now owns 3,296 shares of the business services provider’s stock valued at $314,000 after acquiring an additional 134 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 during the last quarter. Raymond James Trust N.A. increased its position in Exponent by 2.8% during the 2nd quarter. Raymond James Trust N.A. now owns 6,230 shares of the business services provider’s stock worth $593,000 after purchasing an additional 172 shares in the last quarter. Finally, Natixis Investment Managers International raised its stake in Exponent by 18.5% in the 1st quarter. Natixis Investment Managers International now owns 1,138 shares of the business services provider’s stock valued at $94,000 after purchasing an additional 178 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analyst Ratings Changes

Separately, Truist Financial reiterated a “buy” rating and issued a $120.00 price objective (up from $100.00) on shares of Exponent in a research note 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.