Exponent (NASDAQ:EXPO) Hits New 1-Year High at $114.77

Exponent, Inc. (NASDAQ:EXPO) reached a new 52-week high during trading on Monday . The stock traded as high as $114.77 and last traded at $114.77, with a volume of 25827 shares trading hands. The stock had previously closed at $113.25.

Wall Street Analyst Weigh In

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

Exponent Stock Performance

The firm has a market capitalization of $5.81 billion, a P/E ratio of 58.23 and a beta of 0.66. The company has a 50-day moving average price of $106.22 and a 200-day moving average price of $95.92.

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

Exponent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a $0.28 dividend. The ex-dividend date was Friday, September 6th. This represents a $1.12 annualized dividend and a dividend yield of 0.98%. Exponent’s dividend payout ratio is currently 56.57%.

Insider Transactions at Exponent

In other Exponent news, VP John Pye sold 3,956 shares of Exponent stock in a transaction dated Tuesday, July 30th. The stock was 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 $2,984,310. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXPO. Quarry LP bought a new position in Exponent during the second quarter worth about $25,000. GAMMA Investing LLC lifted its holdings in Exponent by 67.7% during the second quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock worth $36,000 after acquiring an additional 153 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of Exponent by 866.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 459 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Exponent by 166.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 323 shares during the period. Finally, Janiczek Wealth Management LLC raised its stake in shares of Exponent by 293.7% in the 1st quarter. Janiczek Wealth Management LLC now owns 626 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 467 shares during the period. 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.