Exponent, Inc. (NASDAQ:EXPO) Director Sells $1,464,400.00 in Stock

Exponent, Inc. (NASDAQ:EXPO) Director Paul R. Johnston sold 14,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $104.60, for a total transaction of $1,464,400.00. Following the sale, the director now directly owns 80,742 shares in the company, valued at approximately $8,445,613.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Exponent Stock Up 6.7 %

Shares of EXPO opened at $104.77 on Thursday. Exponent, Inc. has a 52 week low of $68.70 and a 52 week high of $115.75. The stock has a market cap of $5.32 billion, a price-to-earnings ratio of 50.61 and a beta of 0.69. The business has a 50-day simple moving average of $107.77 and a two-hundred day simple moving average of $101.23.

Exponent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date is Friday, December 6th. Exponent’s payout ratio is 54.11%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Exponent

A number of hedge funds have recently modified their holdings of EXPO. Bamco Inc. NY purchased a new position in shares of Exponent during the 1st quarter valued at $25,904,000. Vanguard Group Inc. boosted its stake in shares of Exponent by 5.8% in the first quarter. Vanguard Group Inc. now owns 5,286,652 shares of the business services provider’s stock worth $437,153,000 after acquiring an additional 291,047 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in Exponent by 6.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,640,600 shares of the business services provider’s stock valued at $441,414,000 after purchasing an additional 284,179 shares during the period. Assenagon Asset Management S.A. purchased a new position in Exponent in the 2nd quarter worth approximately $22,050,000. Finally, International Assets Investment Management LLC bought a new position in Exponent in the 3rd quarter worth approximately $11,261,000. 92.37% of the stock is currently 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.