Exponent, Inc. (NASDAQ:EXPO - Get Free Report) CEO Catherine Corrigan sold 3,225 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $70.74, for a total transaction of $228,136.50. Following the sale, the chief executive officer owned 84,134 shares in the company, valued at $5,951,639.16. This represents a 3.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Catherine Corrigan also recently made the following trade(s):
- On Monday, November 17th, Catherine Corrigan sold 4,900 shares of Exponent stock. The shares were sold at an average price of $70.39, for a total transaction of $344,911.00.
- On Wednesday, October 15th, Catherine Corrigan sold 4,930 shares of Exponent stock. The shares were sold at an average price of $66.82, for a total value of $329,422.60.
Exponent Trading Down 0.6%
EXPO stock opened at $74.20 on Wednesday. The firm has a 50-day moving average price of $70.24 and a 200-day moving average price of $71.58. Exponent, Inc. has a 12 month low of $63.81 and a 12 month high of $97.57. The stock has a market capitalization of $3.70 billion, a P/E ratio of 36.20 and a beta of 0.82.
Exponent (NASDAQ:EXPO - Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. The business had revenue of $147.12 million during the quarter, compared to analysts' expectations of $131.78 million. Exponent had a net margin of 18.35% and a return on equity of 24.77%. The firm's quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.50 EPS. As a group, equities analysts predict that Exponent, Inc. will post 1.98 EPS for the current fiscal year.
Exponent declared that its Board of Directors has approved a share buyback plan on Thursday, October 30th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the business services provider to purchase up to 3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.
Exponent Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, December 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Exponent's dividend payout ratio is 58.54%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. William Blair upgraded Exponent from a "market perform" rating to an "outperform" rating in a research report on Monday, November 17th. Weiss Ratings restated a "hold (c-)" rating on shares of Exponent in a report on Wednesday, October 8th. Finally, UBS Group reiterated a "neutral" rating and issued a $81.00 target price (up from $76.00) on shares of Exponent in a report on Monday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $81.00.
Get Our Latest Report on Exponent
Institutional Investors Weigh In On Exponent
Large investors have recently bought and sold shares of the stock. Brooklyn Investment Group increased its stake in Exponent by 10,200.0% in the first quarter. Brooklyn Investment Group now owns 309 shares of the business services provider's stock valued at $25,000 after purchasing an additional 306 shares in the last quarter. Hantz Financial Services Inc. grew its stake in shares of Exponent by 97.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 396 shares of the business services provider's stock valued at $28,000 after buying an additional 195 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Exponent during the 2nd quarter worth approximately $34,000. Aster Capital Management DIFC Ltd acquired a new position in Exponent during the 3rd quarter worth approximately $33,000. Finally, Winnow Wealth LLC acquired a new stake in Exponent in the third quarter valued at approximately $34,000. 92.37% of the stock is currently owned by institutional investors and hedge funds.
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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