Exponent (NASDAQ:EXPO) Hits New 52-Week High at $114.77

Exponent, Inc. (NASDAQ:EXPO)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $114.77 and last traded at $114.77, with a volume of 25827 shares trading hands. The stock had previously closed at $113.25.

Analysts Set New Price Targets

Separately, Truist Financial reiterated 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.

Exponent Stock Up 0.9 %

The stock has a 50 day moving average of $106.54 and a 200 day moving average of $96.42. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 57.53 and a beta of 0.66.

Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. The business had revenue of $132.43 million during the quarter, compared to analyst estimates of $130.83 million. Exponent had a net margin of 19.35% and a return on equity of 28.39%. Exponent’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 EPS. Analysts predict that Exponent, Inc. will post 2.04 earnings per share for the current year.

Exponent Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a $0.28 dividend. The ex-dividend date was Friday, September 6th. This represents a $1.12 annualized dividend and a yield of 0.98%. Exponent’s dividend payout ratio is currently 56.57%.

Insider Activity

In other news, VP John Pye sold 3,956 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $105.00, for a total value of $415,380.00. Following the completion of the transaction, the vice president now directly owns 28,422 shares in the company, valued at approximately $2,984,310. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.10% of the company’s stock.

Institutional Trading of Exponent

Institutional investors have recently made changes to their positions in the company. Comerica Bank raised its stake in shares of Exponent by 8.7% during the first quarter. Comerica Bank now owns 231,131 shares of the business services provider’s stock valued at $19,112,000 after acquiring an additional 18,429 shares during the last quarter. Eagle Asset Management Inc. grew its stake in shares of Exponent by 40.2% during the 4th quarter. Eagle Asset Management Inc. now owns 85,303 shares of the business services provider’s stock valued at $7,510,000 after purchasing an additional 24,455 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in Exponent by 6.8% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 276,500 shares of the business services provider’s stock worth $22,864,000 after purchasing an additional 17,496 shares during the period. UBS Group AG raised its holdings in shares of Exponent by 41.4% during the 4th quarter. UBS Group AG now owns 76,565 shares of the business services provider’s stock worth $6,741,000 after acquiring an additional 22,410 shares in the last quarter. Finally, Congress Asset Management Co. MA raised its holdings in shares of Exponent by 30.3% during the 4th quarter. Congress Asset Management Co. MA now owns 52,157 shares of the business services provider’s stock worth $4,592,000 after acquiring an additional 12,138 shares in the last quarter. Institutional investors 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.