Paul R. Johnston Sells 7,000 Shares of Exponent, Inc. (NASDAQ:EXPO) Stock

Exponent, Inc. (NASDAQ:EXPO) Director Paul R. Johnston sold 7,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $103.83, for a total value of $726,810.00. Following the completion of the sale, the director now directly owns 80,742 shares in the company, valued at approximately $8,383,441.86. The trade was a 7.98 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Exponent Stock Down 3.9 %

Shares of EXPO opened at $98.61 on Friday. Exponent, Inc. has a 52 week low of $68.70 and a 52 week high of $115.75. The business has a 50-day simple moving average of $107.33 and a two-hundred day simple moving average of $101.94. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of 47.64 and a beta of 0.69.

Exponent Dividend Announcement

The company also recently declared 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. This represents a $1.12 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, December 6th. Exponent’s payout ratio is presently 54.11%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Exponent

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bamco Inc. NY bought a new stake in shares of Exponent during the 1st quarter worth approximately $25,904,000. Vanguard Group Inc. increased its stake in 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Exponent by 6.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,640,600 shares of the business services provider’s stock worth $441,414,000 after buying an additional 284,179 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Exponent in the second quarter valued at approximately $22,050,000. Finally, International Assets Investment Management LLC acquired a new position in Exponent during the third quarter worth $11,261,000. 92.37% of the stock is owned by institutional investors.

About Exponent

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.