Insider Selling: Exponent (NASDAQ:EXPO) CEO Sells 4,905 Shares of Stock

Key Points

• Catherine Corrigan, CEO of Exponent, sold 4,905 shares at an average price of $69.91, totaling approximately $342,909, representing a 5.60% decrease in ownership.
• Exponent reported earnings of $0.52 per share for the last quarter, exceeding analysts' expectations, with a revenue increase of 7.3% year-over-year to $132.87 million.
• The company declared a quarterly dividend of $0.30 per share, contributing to an annualized dividend yield of 1.7%, with the payment date set for September 19th.

Exponent, Inc. (NASDAQ:EXPO - Get Free Report) CEO Catherine Corrigan sold 4,905 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $69.91, for a total value of $342,908.55. Following the completion of the sale, the chief executive officer owned 82,753 shares of the company's stock, valued at $5,785,262.23. The trade was a 5.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Catherine Corrigan also recently made the following trade(s):

• On Thursday, August 14th, Catherine Corrigan sold 4,896 shares of Exponent stock. The stock was sold at an average price of $71.09, for a total value of $348,056.64.

Exponent Price Performance

Shares of NASDAQ:EXPO traded down $0.82 during trading on Friday, hitting $69.34. 1,327,996 shares of the company's stock were exchanged, compared to its average volume of 424,164. The business's 50-day simple moving average is $71.05 and its 200 day simple moving average is $75.71. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 34.67 and a beta of 0.94. Exponent, Inc. has a 52-week low of $63.81 and a 52-week high of $115.75.

Exponent (NASDAQ:EXPO - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. Exponent had a return on equity of 24.19% and a net margin of 18.35%.The business had revenue of $132.87 million during the quarter, compared to the consensus estimate of $130.82 million. During the same period in the prior year, the company posted $0.57 EPS. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Exponent Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, September 5th. Exponent's dividend payout ratio (DPR) is presently 60.00%.

Institutional Trading of Exponent

Several hedge funds have recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Exponent by 1.2% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,791,747 shares of the business services provider's stock valued at $388,419,000 after purchasing an additional 55,190 shares during the last quarter. Geneva Capital Management LLC lifted its position in shares of Exponent by 7.6% in the second quarter. Geneva Capital Management LLC now owns 1,877,765 shares of the business services provider's stock worth $140,288,000 after buying an additional 131,937 shares in the last quarter. Geode Capital Management LLC boosted its stake in Exponent by 1.3% during the second quarter. Geode Capital Management LLC now owns 1,597,542 shares of the business services provider's stock valued at $119,360,000 after buying an additional 21,272 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Exponent by 15.9% in the 2nd quarter. Bank of America Corp DE now owns 645,726 shares of the business services provider's stock worth $48,242,000 after buying an additional 88,350 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Exponent by 25.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 638,081 shares of the business services provider's stock worth $47,671,000 after acquiring an additional 128,131 shares in the last quarter. Hedge funds and other 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.