Exponent (NASDAQ:EXPO) Reaches New 1-Year High at $108.81

Exponent, Inc. (NASDAQ:EXPO)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $108.81 and last traded at $108.81, with a volume of 4086 shares changing hands. The stock had previously closed at $107.59.

Wall Street Analysts Forecast Growth

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

Exponent Trading Up 0.1 %

The business has a 50-day moving average price of $104.58 and a 200 day moving average price of $94.14. The stock has a market capitalization of $5.50 billion, a P/E ratio of 54.79 and a beta of 0.66.

Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.50 by $0.07. Exponent had a net margin of 19.35% and a return on equity of 28.39%. The business had revenue of $132.43 million during the quarter, compared to analyst estimates of $130.83 million. During the same quarter last year, the business earned $0.50 earnings per share. Exponent’s quarterly revenue was up 2.1% compared to the same quarter last year. On average, sell-side analysts predict that Exponent, Inc. will post 2.04 earnings per share for the current fiscal year.

Exponent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date is Friday, September 6th. Exponent’s dividend payout ratio (DPR) is 56.57%.

Insider Transactions at Exponent

In related news, VP John Pye sold 3,956 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $105.00, for a total transaction of $415,380.00. Following the transaction, the vice president now directly owns 28,422 shares in the company, valued at approximately $2,984,310. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.

Hedge Funds Weigh In On Exponent

Hedge funds and other institutional investors have recently modified their holdings of the business. Inspire Advisors LLC raised its stake in Exponent by 1.3% in the second quarter. Inspire Advisors LLC now owns 7,615 shares of the business services provider’s stock worth $724,000 after buying an additional 98 shares in the last quarter. Caprock Group LLC lifted its position in shares of Exponent by 4.2% during the second quarter. Caprock Group LLC now owns 3,296 shares of the business services provider’s stock valued at $314,000 after buying an additional 134 shares during the last quarter. GAMMA Investing LLC grew its stake in Exponent by 67.7% during 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 last quarter. Retirement Systems of Alabama increased its position in Exponent by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 63,568 shares of the business services provider’s stock valued at $5,256,000 after buying an additional 167 shares in the last quarter. Finally, Raymond James Trust N.A. raised its stake in Exponent by 2.8% in the second quarter. Raymond James Trust N.A. now owns 6,230 shares of the business services provider’s stock valued at $593,000 after buying an additional 172 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

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.