Sally Shepard Sells 1,255 Shares of Exponent, Inc. (EXPO) Stock

Exponent, Inc. (NASDAQ:EXPO) insider Sally Shepard sold 1,255 shares of Exponent stock in a transaction on Friday, July 21st. The shares were sold at an average price of $65.37, for a total value of $82,039.35. Following the completion of the transaction, the insider now owns 1,560 shares of the company’s stock, valued at $101,977.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Exponent, Inc. (NASDAQ:EXPO) traded down 0.38% during trading on Friday, reaching $65.00. The company had a trading volume of 76,026 shares. The firm’s 50-day moving average price is $61.97 and its 200 day moving average price is $59.88. Exponent, Inc. has a one year low of $48.42 and a one year high of $68.30. The firm has a market capitalization of $1.68 billion, a P/E ratio of 33.70 and a beta of 0.62.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Tuesday, July 18th. The business services provider reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.10. The firm had revenue of $84.10 million during the quarter, compared to analyst estimates of $79.30 million. Exponent had a return on equity of 16.52% and a net margin of 15.94%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 earnings per share. Equities analysts forecast that Exponent, Inc. will post $1.97 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 1st will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.29%. Exponent’s payout ratio is 43.52%.

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EXPO has been the subject of several recent research reports. Zacks Investment Research cut Exponent from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $69.00 price target (up from $64.00) on shares of Exponent in a research report on Saturday, April 22nd. BidaskClub cut Exponent from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Finally, ValuEngine upgraded Exponent from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th.

Several hedge funds and other institutional investors have recently modified their holdings of EXPO. BlackRock Inc. raised its position in shares of Exponent by 41,234.4% in the first quarter. BlackRock Inc. now owns 3,080,242 shares of the business services provider’s stock worth $183,428,000 after buying an additional 3,072,790 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Exponent by 3.9% in the second quarter. Vanguard Group Inc. now owns 2,261,432 shares of the business services provider’s stock worth $131,841,000 after buying an additional 85,291 shares during the last quarter. TimesSquare Capital Management LLC raised its position in shares of Exponent by 1.3% in the first quarter. TimesSquare Capital Management LLC now owns 876,650 shares of the business services provider’s stock worth $52,205,000 after buying an additional 11,650 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Exponent by 15.6% in the second quarter. Conestoga Capital Advisors LLC now owns 727,177 shares of the business services provider’s stock worth $42,394,000 after buying an additional 98,280 shares during the last quarter. Finally, State Street Corp raised its position in shares of Exponent by 7.1% in the first quarter. State Street Corp now owns 614,266 shares of the business services provider’s stock worth $36,583,000 after buying an additional 40,833 shares during the last quarter. Hedge funds and other institutional investors own 90.55% of the company’s stock.

About Exponent

Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.

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

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