Insider Selling: Exponent (NASDAQ:EXPO) CEO Sells $342,908.55 in Stock

Exponent, Inc. (NASDAQ:EXPO) CEO Catherine Corrigan sold 4,905 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $69.91, for a total value of $342,908.55. Following the completion of the transaction, the chief executive officer directly owned 82,753 shares of the company’s stock, valued at approximately $5,785,262.23. This represents a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Catherine Corrigan also recently made the following trade(s):

• On Thursday, August 14th, Catherine Corrigan sold 4,896 shares of Exponent stock. The shares were sold at an average price of $71.09, for a total value of $348,056.64.

Exponent Stock Up 1.7%

Shares of NASDAQ:EXPO opened at $70.16 on Friday. The business has a fifty day moving average of $71.15 and a two-hundred day moving average of $75.86. The stock has a market cap of $3.54 billion, a P/E ratio of 35.08 and a beta of 0.94. Exponent, Inc. has a 52-week low of $63.81 and a 52-week high of $115.75.

Exponent (NASDAQ:EXPO) last issued its earnings results on Thursday, July 31st. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $132.87 million during the quarter, compared to analysts’ expectations of $130.82 million. Exponent had a return on equity of 24.19% and a net margin of 18.35%.The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 EPS. On average, equities analysts anticipate that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date is Friday, September 5th. Exponent’s dividend payout ratio is presently 60.00%.

Institutional Trading of Exponent

Several large investors have recently added to or reduced their stakes in EXPO. Cetera Investment Advisers grew its holdings in Exponent by 3.1% in the 4th quarter. Cetera Investment Advisers now owns 8,903 shares of the business services provider’s stock valued at $793,000 after buying an additional 264 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in Exponent in the 4th quarter valued at $260,000. Millennium Management LLC grew its holdings in shares of Exponent by 365.2% during the 4th quarter. Millennium Management LLC now owns 47,464 shares of the business services provider’s stock worth $4,229,000 after purchasing an additional 37,260 shares during the period. Nomura Holdings Inc. purchased a new position in shares of Exponent during the 4th quarter worth $599,000. Finally, Sherbrooke Park Advisers LLC purchased a new position in shares of Exponent during the 4th quarter worth $256,000. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

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.