Catherine Corrigan Sells 4,119 Shares of Exponent (NASDAQ:EXPO) Stock

Exponent, Inc. (NASDAQ:EXPO) CEO Catherine Corrigan sold 4,119 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $57.13, for a total transaction of $235,318.47. Following the completion of the transaction, the chief executive officer owned 106,670 shares of the company’s stock, valued at approximately $6,094,057.10. This represents a 3.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Catherine Corrigan also recently made the following trade(s):

• On Friday, May 15th, Catherine Corrigan sold 4,194 shares of Exponent stock. The shares were sold at an average price of $54.06, for a total value of $226,727.64.
• On Wednesday, April 15th, Catherine Corrigan sold 3,909 shares of Exponent stock. The stock was sold at an average price of $67.70, for a total transaction of $264,639.30.

Exponent Trading Down 0.2%

Shares of Exponent stock opened at $56.89 on Friday. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 26.46 and a beta of 0.72. Exponent, Inc. has a 1-year low of $51.91 and a 1-year high of $81.95. The firm’s 50-day moving average price is $61.21 and its two-hundred day moving average price is $67.64.

Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. Exponent had a return on equity of 27.94% and a net margin of 18.07%.The firm had revenue of $166.30 million during the quarter, compared to analysts’ expectations of $149.53 million. During the same period last year, the firm posted $0.52 EPS. The business’s revenue was up 14.3% on a year-over-year basis. As a group, equities research analysts predict that Exponent, Inc. will post 2.28 EPS for the current year.

Exponent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, June 5th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.2%. Exponent’s dividend payout ratio (DPR) is currently 57.67%.

Institutional Trading of Exponent

Several institutional investors and hedge funds have recently made changes to their positions in EXPO. Inspire Investing LLC lifted its stake in Exponent by 2.6% in the fourth quarter. Inspire Investing LLC now owns 6,709 shares of the business services provider’s stock valued at $466,000 after buying an additional 172 shares during the period. GAMMA Investing LLC grew its position in shares of Exponent by 50.4% during the 4th quarter. GAMMA Investing LLC now owns 576 shares of the business services provider’s stock worth $40,000 after buying an additional 193 shares during the period. Bessemer Group Inc. increased its stake in Exponent by 37.1% in the first quarter. Bessemer Group Inc. now owns 717 shares of the business services provider’s stock valued at $47,000 after purchasing an additional 194 shares in the last quarter. Strs Ohio increased its position in shares of Exponent by 11.1% in the 4th quarter. Strs Ohio now owns 2,000 shares of the business services provider’s stock valued at $139,000 after buying an additional 200 shares in the last quarter. Finally, State of Michigan Retirement System increased its holdings in shares of Exponent by 1.7% in the first quarter. State of Michigan Retirement System now owns 12,000 shares of the business services provider’s stock worth $783,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. UBS Group reaffirmed a “neutral” rating and set a $75.00 price objective on shares of Exponent in a report on Tuesday, June 2nd. JPMorgan Chase & Co. lowered their target price on Exponent from $95.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, May 15th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Exponent in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Exponent has an average rating of “Moderate Buy” and a consensus target price of $77.50.

Exponent Company Profile

Exponent, Inc (NASDAQ: EXPO) is an engineering and scientific consulting firm that offers multidisciplinary analysis and advisory services to clients across a range of industries. The company’s expertise spans mechanical, materials and corrosion engineering, civil and structural engineering, electrical engineering, industrial hygiene, toxicology and health sciences, and failure analysis. Exponent provides support for product design, performance evaluation, litigation consulting, and regulatory compliance, helping manufacturers, insurers, law firms and government agencies address complex technical challenges.

Founded in 1967 in Menlo Park, California, Exponent has grown from a small failure-analysis laboratory into a global consulting practice.