Key Points
- CEO Catherine Corrigan sold 4,900 shares on Nov. 17 at an average price of $70.39 for ~$344,911, trimming her stake by 5.55% to 83,429 shares valued at about $5.87M.
- The Nov. 17 sale continues a pattern of recent insider selling—Corrigan also sold ~4,930 shares on Oct. 15 at $66.82 and ~4,905 shares on Sep. 15 at $69.91.
- Company fundamentals include a Q3 beat (EPS $0.55 vs. $0.50; revenue $147.1M vs. $131.8M), a declared $0.30 quarterly dividend (1.7% yield), and a board-authorized $100M share buyback (about 3% of shares).
Exponent, Inc. (NASDAQ:EXPO - Get Free Report) CEO Catherine Corrigan sold 4,900 shares of Exponent stock in a transaction on Monday, November 17th. The stock was sold at an average price of $70.39, for a total transaction of $344,911.00. Following the transaction, the chief executive officer owned 83,429 shares in the company, valued at $5,872,567.31. This represents a 5.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Catherine Corrigan also recently made the following trade(s):
- On Wednesday, October 15th, Catherine Corrigan sold 4,930 shares of Exponent stock. The stock was sold at an average price of $66.82, for a total value of $329,422.60.
- On Monday, September 15th, Catherine Corrigan sold 4,905 shares of Exponent stock. The shares were sold at an average price of $69.91, for a total value of $342,908.55.
Exponent Stock Performance
NASDAQ:EXPO opened at $68.76 on Wednesday. The stock has a 50-day simple moving average of $68.95 and a two-hundred day simple moving average of $72.31. The firm has a market capitalization of $3.43 billion, a PE ratio of 34.38 and a beta of 0.91. Exponent, Inc. has a 52-week low of $63.81 and a 52-week high of $101.37.
Exponent (NASDAQ:EXPO - Get Free Report) last posted its quarterly earnings data on Thursday, October 30th. The business services provider reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.05. The firm had revenue of $147.12 million for the quarter, compared to analysts' expectations of $131.78 million. Exponent had a return on equity of 24.19% and a net margin of 18.35%.The business's quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.50 EPS. Equities analysts forecast that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.
Exponent Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, December 5th. Exponent's dividend payout ratio is presently 58.54%.
Exponent declared that its board has authorized a share buyback program on Thursday, October 30th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the business services provider to repurchase up to 3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board of directors believes its stock is undervalued.
Hedge Funds Weigh In On Exponent
Several hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. boosted its holdings in shares of Exponent by 21.7% in the 2nd quarter. Bessemer Group Inc. now owns 829 shares of the business services provider's stock valued at $62,000 after buying an additional 148 shares in the last quarter. HM Payson & Co. raised its stake in shares of Exponent by 33.9% during the 3rd quarter. HM Payson & Co. now owns 589 shares of the business services provider's stock worth $41,000 after acquiring an additional 149 shares in the last quarter. Heritage Family Offices LLP lifted its position in Exponent by 4.5% during the third quarter. Heritage Family Offices LLP now owns 3,627 shares of the business services provider's stock valued at $252,000 after acquiring an additional 155 shares during the last quarter. Arizona State Retirement System boosted its stake in Exponent by 1.1% in the third quarter. Arizona State Retirement System now owns 14,984 shares of the business services provider's stock valued at $1,041,000 after acquiring an additional 162 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in Exponent by 4.4% in the second quarter. Franklin Resources Inc. now owns 4,070 shares of the business services provider's stock worth $304,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company's stock.
Wall Street Analysts Forecast Growth
EXPO has been the topic of several recent analyst reports. William Blair upgraded shares of Exponent from a "market perform" rating to an "outperform" rating in a research report on Monday. Weiss Ratings reiterated a "hold (c-)" rating on shares of Exponent in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Exponent currently has an average rating of "Moderate Buy".
View Our Latest Report on EXPO
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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