Exponent Inc. (EXPO) Insider Harri Kytomaa Sells 5,500 Shares of Stock
Exponent Inc. (NASDAQ:EXPO) insider Harri Kytomaa sold 5,500 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $61.91, for a total transaction of $340,505.00. Following the transaction, the insider now owns 11,371 shares in the company, valued at $703,978.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Exponent Inc. (NASDAQ:EXPO) opened at 62.00 on Tuesday. The company has a 50-day moving average price of $53.89 and a 200-day moving average price of $52.93. Exponent Inc. has a 52 week low of $44.82 and a 52 week high of $63.00. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 35.84 and a beta of 0.65.
Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Wednesday, October 19th. The company reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.08. Exponent had a return on equity of 15.72% and a net margin of 15.06%. The company had revenue of $77.60 million for the quarter, compared to analysts’ expectations of $74.46 million. During the same period in the previous year, the firm earned $0.43 EPS. The firm’s revenue was down .4% compared to the same quarter last year. Equities analysts anticipate that Exponent Inc. will post $1.70 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 23rd. Shareholders of record on Friday, December 2nd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Wednesday, November 30th. Exponent’s payout ratio is 41.86%.
A number of hedge funds have recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC purchased a new stake in Exponent during the third quarter worth about $44,524,000. PNC Financial Services Group Inc. increased its stake in Exponent by 1,814.5% in the second quarter. PNC Financial Services Group Inc. now owns 258,417 shares of the company’s stock worth $15,094,000 after buying an additional 244,919 shares during the last quarter. BlackRock Fund Advisors increased its stake in Exponent by 8.2% in the third quarter. BlackRock Fund Advisors now owns 1,765,069 shares of the company’s stock worth $90,124,000 after buying an additional 133,426 shares during the last quarter. Henderson Group PLC increased its stake in Exponent by 57.6% in the second quarter. Henderson Group PLC now owns 350,913 shares of the company’s stock worth $20,497,000 after buying an additional 128,261 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new stake in Exponent during the second quarter worth about $4,774,000. 90.42% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on EXPO. Cantor Fitzgerald set a $57.00 price objective on Exponent and gave the company a “buy” rating in a research note on Thursday, October 20th. Zacks Investment Research raised Exponent from a “hold” rating to a “strong-buy” rating and set a $66.00 price target for the company in a research note on Monday, October 24th.
Exponent, Inc, along with its subsidiaries, is a science and engineering consulting company. The Company operates through two segments: Engineering and Other Scientific, and Environmental and Health. Its Engineering and Other Scientific segment includes biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, electrical engineering and computer science, engineering management consulting, human factors, industrial structures, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, technology development, thermal sciences and vehicle analysis services.
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