Richard Reiss Sells 1,736 Shares of Exponent, Inc. (NASDAQ:EXPO) Stock

Exponent, Inc. (NASDAQ:EXPO) VP Richard Reiss sold 1,736 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total value of $149,174.48. Following the completion of the sale, the vice president now directly owns 1,800 shares of the company’s stock, valued at $154,674. This represents a 49.10 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Exponent Price Performance

Shares of NASDAQ:EXPO opened at $84.66 on Friday. Exponent, Inc. has a fifty-two week low of $77.21 and a fifty-two week high of $115.75. The business has a 50-day moving average of $89.78 and a two-hundred day moving average of $98.96. The stock has a market capitalization of $4.30 billion, a P/E ratio of 39.93 and a beta of 0.71.

Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Exponent had a return on equity of 27.27% and a net margin of 19.52%. During the same period in the previous year, the company earned $0.41 earnings per share. As a group, research analysts expect that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Exponent Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, March 7th. This is a boost from Exponent’s previous quarterly dividend of $0.28. Exponent’s payout ratio is currently 56.60%.

Hedge Funds Weigh In On Exponent

Several large investors have recently made changes to their positions in EXPO. International Assets Investment Management LLC acquired a new position in shares of Exponent during the 3rd quarter worth about $11,261,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Exponent during the 3rd quarter worth about $215,000. State of Alaska Department of Revenue lifted its position in shares of Exponent by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,866 shares of the business services provider’s stock worth $676,000 after purchasing an additional 395 shares during the last quarter. Stephens Inc. AR acquired a new position in shares of Exponent during the 3rd quarter worth about $259,000. Finally, Conestoga Capital Advisors LLC lifted its position in shares of Exponent by 1.6% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 2,806,517 shares of the business services provider’s stock worth $323,535,000 after purchasing an additional 43,257 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

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.