Insider Selling: Exponent, Inc. (NASDAQ:EXPO) Insider Sells $264,275.83 in Stock

Exponent, Inc. (NASDAQ:EXPOGet Free Report) insider Eric Guyer sold 3,367 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $78.49, for a total value of $264,275.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Exponent Stock Down 1.1 %

EXPO opened at $77.76 on Monday. The firm’s fifty day simple moving average is $86.34 and its two-hundred day simple moving average is $85.34. Exponent, Inc. has a 52-week low of $64.61 and a 52-week high of $108.85. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 39.88 and a beta of 0.72.

Exponent (NASDAQ:EXPOGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). Exponent had a net margin of 18.69% and a return on equity of 28.49%. The company had revenue of $113.87 million during the quarter, compared to analysts’ expectations of $119.11 million. During the same period in the prior year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, research analysts forecast that Exponent, Inc. will post 1.76 EPS for the current year.

Exponent Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from Exponent’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.44%. Exponent’s payout ratio is currently 53.33%.

Institutional Trading of Exponent

Large investors have recently made changes to their positions in the company. Inspire Investing LLC boosted its stake in Exponent by 23.8% during the 2nd quarter. Inspire Investing LLC now owns 3,360 shares of the business services provider’s stock worth $314,000 after purchasing an additional 646 shares during the last quarter. EA Series Trust acquired a new stake in Exponent in the 2nd quarter valued at about $461,000. VisionPoint Advisory Group LLC purchased a new position in Exponent in the 2nd quarter worth approximately $102,000. Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of Exponent by 9.5% during the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 3,798 shares of the business services provider’s stock worth $354,000 after purchasing an additional 329 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its holdings in Exponent by 1.2% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,444,269 shares of the business services provider’s stock valued at $209,229,000 after buying an additional 30,012 shares in the last quarter. 89.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EXPO has been the subject of a number of analyst reports. Truist Financial decreased their price objective on shares of Exponent from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. downgraded Exponent from a “hold” rating to a “sell” rating in a research report on Friday.

Check Out Our Latest Research Report on Exponent

About Exponent

(Get Free Report)

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.

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

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