Shares of Exponent, Inc. (NASDAQ:EXPO) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $54.50 and last traded at $54.05, with a volume of 826 shares changing hands. The stock had previously closed at $53.80.
A number of research firms recently issued reports on EXPO. BidaskClub raised Exponent from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 7th. ValuEngine downgraded Exponent from a “buy” rating to a “hold” rating in a research report on Monday, June 11th. SunTrust Banks boosted their price target on Exponent to $56.00 and gave the stock a “buy” rating in a research report on Friday, July 20th. Zacks Investment Research downgraded Exponent from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 20th. Finally, Berenberg Bank assumed coverage on Exponent in a research report on Wednesday. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $34.67.
The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 50.93 and a beta of 0.60.
Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Thursday, July 19th. The business services provider reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.03. The firm had revenue of $95.60 million for the quarter, compared to the consensus estimate of $89.42 million. Exponent had a return on equity of 20.52% and a net margin of 13.51%. The business’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. sell-side analysts forecast that Exponent, Inc. will post 1.28 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be given a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, September 6th. Exponent’s dividend payout ratio (DPR) is presently 48.60%.
In other Exponent news, insider Richard Reiss sold 2,236 shares of the business’s stock in a transaction that occurred on Tuesday, July 31st. The stock was sold at an average price of $49.43, for a total transaction of $110,525.48. Following the transaction, the insider now owns 4,054 shares of the company’s stock, valued at $200,389.22. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.80% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in Exponent by 121.0% during the second quarter. BlackRock Inc. now owns 7,238,515 shares of the business services provider’s stock worth $349,620,000 after buying an additional 3,963,618 shares during the last quarter. Conestoga Capital Advisors LLC grew its position in shares of Exponent by 111.6% in the second quarter. Conestoga Capital Advisors LLC now owns 1,989,839 shares of the business services provider’s stock valued at $96,109,000 after purchasing an additional 1,049,534 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Exponent by 88.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,736,818 shares of the business services provider’s stock valued at $83,890,000 after purchasing an additional 814,572 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Exponent by 88.4% in the second quarter. Renaissance Technologies LLC now owns 1,099,651 shares of the business services provider’s stock valued at $53,113,000 after purchasing an additional 515,851 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Exponent by 109.9% in the second quarter. Janus Henderson Group PLC now owns 1,062,498 shares of the business services provider’s stock valued at $51,319,000 after purchasing an additional 556,278 shares during the last quarter. 88.84% of the stock is currently owned by hedge funds and other institutional investors.
Exponent Company Profile (NASDAQ:EXPO)
Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.
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