Exponent, Inc. (NASDAQ:EXPO) Director Sells $508,107.60 in Stock

Exponent, Inc. (NASDAQ:EXPO) Director Paul R. Johnston sold 8,008 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $63.45, for a total transaction of $508,107.60. Following the transaction, the director now owns 96,515 shares of the company’s stock, valued at approximately $6,123,876.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NASDAQ EXPO opened at $63.53 on Wednesday. The stock has a market cap of $3.29 billion, a PE ratio of 50.82 and a beta of 0.38. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.05. Exponent, Inc. has a 12 month low of $46.00 and a 12 month high of $72.70. The company’s 50-day moving average price is $64.09 and its 200-day moving average price is $64.53.

Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Thursday, October 17th. The business services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. Exponent had a return on equity of 23.62% and a net margin of 19.88%. The company had revenue of $101.50 million for the quarter, compared to the consensus estimate of $100.17 million. During the same period last year, the business posted $0.32 EPS. Exponent’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Exponent, Inc. will post 1.5 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.16 dividend. The ex-dividend date is Thursday, December 5th. This represents a $0.64 annualized dividend and a dividend yield of 1.01%. Exponent’s payout ratio is currently 51.20%.

A number of analysts have recently weighed in on the stock. ValuEngine downgraded shares of Exponent from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. William Blair reiterated a “market perform” rating on shares of Exponent in a report on Friday, October 18th. Zacks Investment Research upgraded Exponent from a “hold” rating to a “strong-buy” rating and set a $81.00 price target on the stock in a report on Monday, September 23rd. DA Davidson began coverage on shares of Exponent in a research note on Wednesday, August 28th. They set a “neutral” rating for the company. Finally, SunTrust Banks raised their target price on shares of Exponent from $70.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Exponent has an average rating of “Hold” and a consensus target price of $76.75.

A number of large investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund raised its holdings in shares of Exponent by 2.0% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 20,544 shares of the business services provider’s stock valued at $1,203,000 after purchasing an additional 400 shares in the last quarter. Bessemer Group Inc. bought a new stake in Exponent during the second quarter valued at about $2,986,000. Arizona State Retirement System grew its stake in Exponent by 1.3% in the second quarter. Arizona State Retirement System now owns 80,510 shares of the business services provider’s stock valued at $4,713,000 after purchasing an additional 1,067 shares during the last quarter. Strs Ohio raised its holdings in Exponent by 62.4% in the second quarter. Strs Ohio now owns 22,900 shares of the business services provider’s stock worth $1,340,000 after purchasing an additional 8,800 shares in the last quarter. Finally, Virginia Retirement Systems ET AL raised its holdings in Exponent by 67.5% in the second quarter. Virginia Retirement Systems ET AL now owns 42,200 shares of the business services provider’s stock worth $2,470,000 after purchasing an additional 17,000 shares in the last quarter. 88.72% of the stock is owned by institutional investors.

Exponent Company Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.

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Insider Buying and Selling by Quarter for Exponent (NASDAQ:EXPO)

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