Exponent, Inc. (NASDAQ:EXPO) Insider Eric Guyer Sells 1,650 Shares

Exponent, Inc. (NASDAQ:EXPO) insider Eric Guyer sold 1,650 shares of the stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $92.58, for a total value of $152,757.00. Following the sale, the insider now owns 1,846 shares of the company’s stock, valued at approximately $170,902.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Eric Guyer also recently made the following trade(s):

• On Friday, February 9th, Eric Guyer sold 3,367 shares of Exponent stock. The shares were sold at an average price of $78.49, for a total value of $264,275.83.

Exponent Trading Down 1.4 %

NASDAQ EXPO opened at $91.91 on Wednesday. Exponent, Inc. has a 1-year low of $64.61 and a 1-year high of $102.72. The company has a market capitalization of $4.66 billion, a PE ratio of 46.42 and a beta of 0.68. The firm’s fifty day simple moving average is $80.23 and its 200-day simple moving average is $81.85.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. Exponent had a net margin of 18.72% and a return on equity of 28.13%. The business had revenue of $137.21 million for the quarter, compared to the consensus estimate of $125.98 million. During the same period in the prior year, the business posted $0.56 earnings per share. Exponent’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, analysts predict that Exponent, Inc. will post 1.76 EPS for the current year.

Exponent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Friday, June 7th. Exponent’s dividend payout ratio (DPR) is presently 56.57%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on EXPO. StockNews.com upgraded Exponent from a “sell” rating to a “hold” rating in a report on Monday, March 4th. Truist Financial increased their target price on Exponent from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday.

Hedge Funds Weigh In On Exponent

A number of hedge funds have recently modified their holdings of the stock. Retirement Systems of Alabama increased its stake in shares of Exponent by 0.3% in the first quarter. Retirement Systems of Alabama now owns 63,568 shares of the business services provider’s stock worth $5,256,000 after acquiring an additional 167 shares during the last quarter. Norden Group LLC increased its position in Exponent by 108.9% during the first quarter. Norden Group LLC now owns 8,041 shares of the business services provider’s stock worth $665,000 after buying an additional 4,191 shares during the last quarter. Van ECK Associates Corp increased its position in Exponent by 36.5% during the first quarter. Van ECK Associates Corp now owns 23,545 shares of the business services provider’s stock worth $1,947,000 after buying an additional 6,298 shares during the last quarter. Argent Capital Management LLC increased its position in Exponent by 183.1% during the first quarter. Argent Capital Management LLC now owns 20,570 shares of the business services provider’s stock worth $1,701,000 after buying an additional 13,305 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in Exponent by 866.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the business services provider’s stock worth $42,000 after buying an additional 459 shares during the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Exponent Company Profile

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.