Paul R. Johnston Sells 3,696 Shares of Exponent, Inc. (EXPO) Stock

Exponent, Inc. (NASDAQ:EXPO) CEO Paul R. Johnston sold 3,696 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $70.86, for a total value of $261,898.56. Following the sale, the chief executive officer now directly owns 42,394 shares in the company, valued at approximately $3,004,038.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Exponent, Inc. (NASDAQ:EXPO) opened at 72.55 on Thursday. The company’s 50-day moving average price is $67.02 and its 200-day moving average price is $61.69. The firm has a market cap of $1.87 billion, a P/E ratio of 37.61 and a beta of 0.62. Exponent, Inc. has a 12 month low of $48.42 and a 12 month high of $73.15.

Exponent (NASDAQ:EXPO) last issued its earnings results on Tuesday, July 18th. The business services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. Exponent had a net margin of 15.94% and a return on equity of 16.52%. The business had revenue of $84.10 million for the quarter, compared to analysts’ expectations of $79.30 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts predict that Exponent, Inc. will post $1.97 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 1st will be issued a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.84 dividend on an annualized basis and a yield of 1.16%. Exponent’s payout ratio is 43.52%.

ILLEGAL ACTIVITY WARNING: This piece was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.chaffeybreeze.com/2017/09/21/paul-r-johnston-sells-3696-shares-of-exponent-inc-expo-stock.html.

Hedge funds have recently modified their holdings of the business. Gotham Asset Management LLC bought a new stake in Exponent during the 1st quarter valued at $394,000. SG Americas Securities LLC bought a new stake in Exponent during the 2nd quarter valued at $278,000. Bank of Montreal Can raised its holdings in Exponent by 21.8% during the 1st quarter. Bank of Montreal Can now owns 3,209 shares of the business services provider’s stock valued at $192,000 after acquiring an additional 575 shares during the period. BlackRock Inc. raised its holdings in Exponent by 41,234.4% during the 1st quarter. BlackRock Inc. now owns 3,080,242 shares of the business services provider’s stock valued at $183,428,000 after acquiring an additional 3,072,790 shares during the period. Finally, Oxford Asset Management bought a new stake in Exponent during the 1st quarter valued at $1,174,000. 88.26% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on EXPO shares. BidaskClub downgraded Exponent from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Zacks Investment Research raised Exponent from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Thursday, June 29th. Cantor Fitzgerald reissued a “buy” rating and set a $75.00 price target (up previously from $69.00) on shares of Exponent in a research report on Wednesday, July 19th. Finally, ValuEngine raised Exponent from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th.

Exponent Company Profile

Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.

Insider Buying and Selling by Quarter for Exponent (NASDAQ:EXPO)

Receive News & Ratings for Exponent Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exponent Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply