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 business’s 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 transaction, the director now owns 80,742 shares of the company’s stock, valued at $8,383,441.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Exponent Stock Down 0.4 %

EXPO stock traded down $0.42 during trading hours on Wednesday, hitting $102.56. The company’s stock had a trading volume of 186,178 shares, compared to its average volume of 245,800. The company has a market capitalization of $5.21 billion, a PE ratio of 49.88 and a beta of 0.69. Exponent, Inc. has a 12 month low of $68.70 and a 12 month high of $115.75. The stock has a 50 day moving average price of $107.54 and a two-hundred day moving average price of $101.96.

Exponent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.28 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 1.09%. Exponent’s dividend payout ratio is presently 54.11%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EXPO. Bamco Inc. NY bought a new position in Exponent in the 1st quarter valued at $25,904,000. Vanguard Group Inc. boosted its holdings in 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Exponent by 6.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,640,600 shares of the business services provider’s stock valued at $441,414,000 after purchasing an additional 284,179 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Exponent in the second quarter worth about $22,050,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Exponent in the 3rd quarter valued at approximately $11,261,000. Institutional investors 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.