Exponent, Inc. (NASDAQ:EXPO) Director Sells $439,250.00 in Stock

Exponent, Inc. (NASDAQ:EXPO) Director Paul R. Johnston sold 7,000 shares of Exponent stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $62.75, for a total transaction of $439,250.00. Following the transaction, the director now directly owns 95,507 shares in the company, valued at $5,993,064.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ EXPO opened at $63.45 on Friday. The company’s fifty day simple moving average is $66.54 and its 200-day simple moving average is $63.90. Exponent, Inc. has a 52 week low of $46.00 and a 52 week high of $72.70. The company has a current ratio of 3.48, a quick ratio of 3.48 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.24 billion, a P/E ratio of 42.52 and a beta of 0.37.

Exponent (NASDAQ:EXPO) last posted its earnings results on Thursday, October 17th. The business services provider reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.02. Exponent had a net margin of 19.88% and a return on equity of 23.62%. The business had revenue of $101.50 million for the quarter, compared to analysts’ expectations of $100.17 million. During the same period in the previous year, the company posted $0.32 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, research analysts expect that Exponent, Inc. will post 1.5 EPS for the current fiscal year.

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

A number of brokerages have weighed in on EXPO. ValuEngine cut shares of Exponent from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. DA Davidson began coverage on shares of Exponent in a research report on Wednesday, August 28th. They set a “neutral” rating on the stock. SunTrust Banks lifted their price target on shares of Exponent from $70.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Zacks Investment Research raised shares of Exponent from a “hold” rating to a “strong-buy” rating and set a $81.00 target price on the stock in a research report on Monday, September 23rd. Finally, BidaskClub cut shares of Exponent from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $76.75.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Copeland Capital Management LLC lifted its position in shares of Exponent by 6.6% during the third quarter. Copeland Capital Management LLC now owns 340,156 shares of the business services provider’s stock worth $23,777,000 after purchasing an additional 21,037 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of Exponent by 1.8% in the third quarter. Mason Street Advisors LLC now owns 17,629 shares of the business services provider’s stock worth $1,232,000 after buying an additional 305 shares during the last quarter. GW&K Investment Management LLC increased its stake in shares of Exponent by 4.0% in the third quarter. GW&K Investment Management LLC now owns 933,876 shares of the business services provider’s stock worth $65,278,000 after buying an additional 35,884 shares during the last quarter. Comerica Bank increased its stake in shares of Exponent by 30.5% in the third quarter. Comerica Bank now owns 138,440 shares of the business services provider’s stock worth $9,025,000 after buying an additional 32,364 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Exponent by 14.3% in the third quarter. California Public Employees Retirement System now owns 146,847 shares of the business services provider’s stock worth $10,265,000 after buying an additional 18,403 shares during the last quarter. 87.84% of the stock is currently owned by institutional investors and hedge funds.

About Exponent

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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