Exponent (NASDAQ:EXPO) Reaches New 1-Year High at $108.81

Exponent, Inc. (NASDAQ:EXPO)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $108.81 and last traded at $108.81, with a volume of 4086 shares trading hands. The stock had previously closed at $107.59.

Analyst Upgrades and Downgrades

Separately, Truist Financial reissued a “buy” rating and issued a $120.00 price target (up previously from $100.00) on shares of Exponent in a research report on Friday, July 26th.

Exponent Price Performance

The firm has a 50 day simple moving average of $104.31 and a 200-day simple moving average of $93.94. The stock has a market capitalization of $5.51 billion, a price-to-earnings ratio of 54.89 and a beta of 0.66.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. The firm had revenue of $132.43 million during the quarter, compared to the consensus estimate of $130.83 million. Exponent had a return on equity of 28.39% and a net margin of 19.35%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. On average, sell-side analysts forecast that Exponent, Inc. will post 2.04 earnings per share for the current fiscal year.

Exponent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.03%. Exponent’s payout ratio is 56.57%.

Insider Buying and Selling

In other news, VP John Pye sold 3,956 shares of Exponent stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $105.00, for a total value of $415,380.00. Following the completion of the sale, the vice president now directly owns 28,422 shares of the company’s stock, valued at approximately $2,984,310. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Exponent

Institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP acquired a new stake in Exponent during the 2nd quarter worth $25,000. GAMMA Investing LLC grew its stake in shares of Exponent by 67.7% during the second quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock worth $36,000 after purchasing an additional 153 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in Exponent by 866.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 459 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Exponent by 166.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider’s stock valued at $49,000 after buying an additional 323 shares during the period. Finally, Janiczek Wealth Management LLC boosted its holdings in Exponent by 293.7% during the first quarter. Janiczek Wealth Management LLC now owns 626 shares of the business services provider’s stock worth $52,000 after buying an additional 467 shares during the last quarter. 92.37% of the stock is owned by 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.