Exponent, Inc. (NASDAQ:EXPO) Director Paul R. Johnston Sells 14,000 Shares of Stock

Exponent, Inc. (NASDAQ:EXPO) Director Paul R. Johnston sold 14,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $104.60, for a total transaction of $1,464,400.00. Following the completion of the transaction, the director now owns 80,742 shares of the company’s stock, valued at $8,445,613.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Exponent Stock Performance

Shares of EXPO opened at $104.77 on Thursday. The firm has a market cap of $5.32 billion, a price-to-earnings ratio of 50.61 and a beta of 0.69. The firm has a 50 day moving average price of $107.77 and a 200-day moving average price of $101.23. Exponent, Inc. has a fifty-two week low of $68.70 and a fifty-two week high of $115.75.

Exponent Announces Dividend

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

Institutional Trading of Exponent

Several hedge funds and other institutional investors have recently bought and sold shares of EXPO. Norden Group LLC grew its position in shares of Exponent by 108.9% in the 1st 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. FORA Capital LLC bought a new position in shares of Exponent in the first quarter worth approximately $539,000. Texas Permanent School Fund Corp increased its position in shares of Exponent by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 44,304 shares of the business services provider’s stock valued at $3,663,000 after acquiring an additional 574 shares in the last quarter. Empowered Funds LLC raised its holdings in Exponent by 11.9% in the 1st quarter. Empowered Funds LLC now owns 7,189 shares of the business services provider’s stock worth $594,000 after acquiring an additional 764 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in Exponent by 601.1% in the 1st quarter. SG Americas Securities LLC now owns 12,866 shares of the business services provider’s stock valued at $1,064,000 after acquiring an additional 11,031 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Wall Street Analyst Weigh In

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

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.