Exponent, Inc. (NASDAQ:EXPO – Get Free Report) rose 7.6% during trading on Thursday. The stock traded as high as $70.53 and last traded at $70.4050. 482,317 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 511,304 shares. The stock had previously closed at $65.42.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Exponent from $80.00 to $90.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Exponent in a research report on Friday, July 17th. Finally, UBS Group set a $72.00 price target on Exponent and gave the stock a “neutral” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Exponent has a consensus rating of “Moderate Buy” and an average price target of $81.00.
Check Out Our Latest Research Report on Exponent
Exponent Price Performance
Exponent (NASDAQ:EXPO – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The business services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. The business had revenue of $171.61 million during the quarter, compared to analysts’ expectations of $144.99 million. Exponent had a net margin of 17.67% and a return on equity of 31.48%. The company’s revenue was up 12.0% on a year-over-year basis. During the same period last year, the company posted $0.52 EPS. As a group, sell-side analysts forecast that Exponent, Inc. will post 2.31 EPS for the current year.
Exponent Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 4th. Exponent’s dividend payout ratio (DPR) is currently 55.61%.
Insider Activity at Exponent
In other news, CEO Catherine Corrigan sold 1,707 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $66.28, for a total value of $113,139.96. Following the completion of the transaction, the chief executive officer owned 129,108 shares of the company’s stock, valued at $8,557,278.24. The trade was a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.70% of the stock is currently owned by company insiders.
Institutional Trading of Exponent
A number of hedge funds have recently bought and sold shares of EXPO. Tidal Investments LLC purchased a new position in shares of Exponent during the 2nd quarter worth about $522,000. WINTON GROUP Ltd increased its position in Exponent by 20.0% during the second quarter. WINTON GROUP Ltd now owns 23,105 shares of the business services provider’s stock worth $1,358,000 after purchasing an additional 3,856 shares during the last quarter. Engineers Gate Manager LP raised its stake in Exponent by 66.7% during the second quarter. Engineers Gate Manager LP now owns 7,035 shares of the business services provider’s stock worth $413,000 after purchasing an additional 2,815 shares during the period. NewEdge Advisors LLC raised its stake in Exponent by 7.6% during the second quarter. NewEdge Advisors LLC now owns 4,815 shares of the business services provider’s stock worth $283,000 after purchasing an additional 339 shares during the period. Finally, Squarepoint Ops LLC boosted its holdings in shares of Exponent by 19.3% in the 2nd quarter. Squarepoint Ops LLC now owns 20,134 shares of the business services provider’s stock valued at $1,183,000 after purchasing an additional 3,263 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.
Exponent Company Profile
Exponent, Inc is an engineering and scientific consulting company that helps clients investigate complex technical issues, manage risk, and improve the safety and performance of products, systems, and structures. Its multidisciplinary consulting services support legal, insurance, industrial, government, and other organizational clients.
The company’s services include failure analysis, accident reconstruction, product safety and testing, materials and corrosion analysis, environmental and human health assessments, biomechanics, human factors, electrical and electronic systems analysis, civil and structural engineering, and data sciences.
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