Exponent, Inc. (NASDAQ:EXPO) Director Paul R. Johnston Sells 7,000 Shares

Exponent, Inc. (NASDAQ:EXPO) Director Paul R. Johnston sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $103.83, for a total transaction of $726,810.00. Following the transaction, the director now directly owns 80,742 shares of the company’s stock, valued at approximately $8,383,441.86. This trade represents a 7.98 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Exponent Stock Down 3.9 %

EXPO opened at $98.61 on Friday. The company’s 50-day moving average price is $107.33 and its 200 day moving average price is $101.94. Exponent, Inc. has a fifty-two week low of $68.70 and a fifty-two week high of $115.75. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 47.64 and a beta of 0.69.

Exponent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, December 6th. Exponent’s payout ratio is 54.11%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Exponent

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank raised its holdings in Exponent by 8.7% in the 1st quarter. Comerica Bank now owns 231,131 shares of the business services provider’s stock worth $19,112,000 after acquiring an additional 18,429 shares during the period. Silvercrest Asset Management Group LLC lifted its holdings in Exponent by 6.8% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 276,500 shares of the business services provider’s stock valued at $22,864,000 after purchasing an additional 17,496 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Exponent by 601.1% during 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 purchasing an additional 11,031 shares during the last quarter. Raymond James & Associates raised its stake in shares of Exponent by 4.1% in the second 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 during the last quarter. Finally, Vanguard Group Inc. raised 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 last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

About Exponent

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.