Bradley A. James Sells 3,528 Shares of Exponent, Inc. (NASDAQ:EXPO) Stock

Exponent, Inc. (NASDAQ:EXPO) VP Bradley A. James sold 3,528 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $95.00, for a total transaction of $335,160.00. Following the completion of the sale, the vice president now owns 2,030 shares in the company, valued at approximately $192,850. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Exponent Stock Performance

Shares of EXPO stock opened at $94.68 on Wednesday. The stock has a market cap of $4.79 billion, a PE ratio of 47.82 and a beta of 0.64. The business’s fifty day moving average is $82.08 and its 200-day moving average is $82.07. Exponent, Inc. has a 1 year low of $64.61 and a 1 year high of $102.72.

Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, April 25th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. Exponent had a return on equity of 28.13% and a net margin of 18.72%. The firm had revenue of $137.21 million for the quarter, compared to analyst estimates of $125.98 million. During the same period in the previous year, the company earned $0.56 earnings per share. Exponent’s revenue was up 6.6% compared to the same quarter last year. Equities research analysts predict that Exponent, Inc. will post 1.92 earnings per share for the current year.

Exponent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Friday, June 7th. Exponent’s payout ratio is 56.57%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EXPO. New York State Teachers Retirement System boosted its stake in shares of Exponent by 2.6% during the 3rd quarter. New York State Teachers Retirement System now owns 40,168 shares of the business services provider’s stock worth $3,438,000 after acquiring an additional 1,020 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Exponent by 43.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,211 shares of the business services provider’s stock valued at $1,131,000 after purchasing an additional 3,994 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Exponent by 8.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 288,253 shares of the business services provider’s stock worth $24,674,000 after purchasing an additional 22,559 shares in the last quarter. Advisor Partners II LLC raised its holdings in Exponent by 6.0% during the 3rd quarter. Advisor Partners II LLC now owns 3,771 shares of the business services provider’s stock worth $323,000 after buying an additional 215 shares during the period. Finally, Park Avenue Securities LLC purchased a new stake in Exponent during the third quarter valued at about $715,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EXPO. StockNews.com upgraded Exponent from a “sell” rating to a “hold” rating in a research report on Monday, March 4th. Truist Financial lifted their price objective on shares of Exponent from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, April 29th.

About Exponent

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.