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

Exponent, Inc. (NASDAQ:EXPO) Director Paul R. Johnston sold 7,000 shares of Exponent stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $98.32, for a total transaction of $688,240.00. Following the sale, the director now owns 59,406 shares of the company’s stock, valued at approximately $5,840,797.92. This trade represents a 10.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Exponent Trading Down 1.2 %

Exponent stock opened at $94.87 on Wednesday. The stock has a fifty day moving average price of $106.88 and a 200 day moving average price of $102.14. Exponent, Inc. has a 52 week low of $68.70 and a 52 week high of $115.75. The firm has a market capitalization of $4.82 billion, a P/E ratio of 45.83 and a beta of 0.69.

Exponent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 1.18%. Exponent’s payout ratio is currently 54.11%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Exponent

A number of institutional investors have recently bought and sold shares of the stock. Quarry LP acquired a new position in shares of Exponent in the 2nd quarter valued at $25,000. GAMMA Investing LLC raised its position in shares of Exponent by 67.7% in the 2nd quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock worth $36,000 after buying an additional 153 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings 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 acquiring an additional 323 shares during the last quarter. USA Financial Formulas purchased a new stake in Exponent during the third quarter valued at about $60,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in Exponent by 70.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the business services provider’s stock valued at $83,000 after acquiring an additional 361 shares during the period. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

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.