Insider Selling: Exponent, Inc. (NASDAQ:EXPO) Director Sells 7,000 Shares of Stock

Exponent, Inc. (NASDAQ:EXPO - Get Free Report) Director Paul R. Johnston sold 7,000 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $98.32, for a total transaction of $688,240.00. Following the sale, the director now directly owns 59,406 shares of the company's stock, valued at approximately $5,840,797.92. This represents a 10.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Exponent Price Performance

Shares of EXPO stock traded down $1.39 during trading on Monday, reaching $96.01. The company's stock had a trading volume of 182,723 shares, compared to its average volume of 245,378. Exponent, Inc. has a 1-year low of $68.70 and a 1-year high of $115.75. The stock's 50-day moving average price is $107.07 and its 200 day moving average price is $102.14. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 46.38 and a beta of 0.69.

Exponent Dividend Announcement

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 dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.17%. Exponent's payout ratio is currently 54.11%.

Hedge Funds Weigh In On Exponent

Large investors have recently bought and sold shares of the business. Bamco Inc. NY purchased a new position in shares of Exponent in the 1st quarter valued at about $25,904,000. Vanguard Group Inc. lifted its position in shares of Exponent by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 5,286,652 shares of the business services provider's stock worth $437,153,000 after buying an additional 291,047 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Exponent by 6.5% in the 2nd 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 buying an additional 284,179 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Exponent in the 2nd quarter valued at $22,050,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Exponent in the 3rd quarter valued at $11,261,000. Hedge funds and other institutional investors own 92.37% of the company's stock.

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 report on Friday, July 26th.

Exponent Company Profile

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.