Insider Selling: Exponent, Inc. (NASDAQ:EXPO) Director Sells 7,000 Shares of Stock

Exponent, Inc. (NASDAQ:EXPO) Director Paul R. Johnston sold 7,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $103.83, for a total value of $726,810.00. Following the sale, the director now directly owns 80,742 shares of the company’s stock, valued at $8,383,441.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Exponent Stock Performance

Shares of EXPO opened at $102.56 on Thursday. The firm has a market cap of $5.21 billion, a P/E ratio of 49.55 and a beta of 0.69. Exponent, Inc. has a fifty-two week low of $68.70 and a fifty-two week high of $115.75. The business has a 50-day moving average of $107.46 and a 200 day moving average of $101.96.

Exponent Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a yield of 1.09%. Exponent’s payout ratio is 54.11%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Comerica Bank boosted its stake in Exponent by 8.7% during the first quarter. Comerica Bank now owns 231,131 shares of the business services provider’s stock valued at $19,112,000 after buying an additional 18,429 shares during the period. Silvercrest Asset Management Group LLC boosted its holdings in Exponent by 6.8% in the first quarter. Silvercrest Asset Management Group LLC now owns 276,500 shares of the business services provider’s stock valued at $22,864,000 after acquiring an additional 17,496 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Exponent by 601.1% during the 1st quarter. SG Americas Securities LLC now owns 12,866 shares of the business services provider’s stock worth $1,064,000 after acquiring an additional 11,031 shares during the period. Raymond James & Associates increased its stake in shares of Exponent by 4.1% in the 2nd quarter. Raymond James & Associates now owns 487,035 shares of the business services provider’s stock worth $46,327,000 after acquiring an additional 19,051 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Exponent by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 5,286,652 shares of the business services provider’s stock valued at $437,153,000 after buying an additional 291,047 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

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.