Exponent (NASDAQ:EXPO) Reaches New 12-Month Low - Time to Sell?

Key Points

• Exponent, Inc. reached a new 52-week low of $63.81, with its stock last traded at $68.55 and a market cap of $3.50 billion.
• In its recent earnings report, Exponent reported $132.87 million in revenue, beating analyst estimates and marking a 7.3% increase year-over-year.
• The company announced a quarterly dividend of $0.30 per share, which will be paid to stockholders on September 19th, representing an annualized yield of 1.7%.

Shares of Exponent, Inc. (NASDAQ:EXPO - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $63.81 and last traded at $68.55, with a volume of 949090 shares trading hands. The stock had previously closed at $68.96.

Exponent Trading Down 0.9%

The stock has a market capitalization of $3.59 billion, a P/E ratio of 35.33 and a beta of 0.89. The firm's fifty day moving average is $74.15 and its 200-day moving average is $79.58.

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

Exponent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Exponent's payout ratio is currently 60.00%.

Insiders Place Their Bets

In other Exponent news, VP Bradley A. James sold 2,694 shares of the business's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $79.52, for a total value of $214,226.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP John Pye sold 2,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $76.32, for a total transaction of $152,640.00. Following the completion of the transaction, the vice president directly owned 29,204 shares of the company's stock, valued at approximately $2,228,849.28. This represents a 6.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,267 shares of company stock valued at $489,120. Insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Exponent

Institutional investors have recently modified their holdings of the business. Brooklyn Investment Group grew its position in shares of Exponent by 10,200.0% during the 1st quarter. Brooklyn Investment Group now owns 309 shares of the business services provider's stock worth $25,000 after buying an additional 306 shares during the period. Whipplewood Advisors LLC grew its position in shares of Exponent by 5,333.3% during the 1st quarter. Whipplewood Advisors LLC now owns 326 shares of the business services provider's stock worth $26,000 after buying an additional 320 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of Exponent during the 2nd quarter worth approximately $34,000. UMB Bank n.a. grew its position in shares of Exponent by 859.1% during the 1st quarter. UMB Bank n.a. now owns 633 shares of the business services provider's stock worth $51,000 after buying an additional 567 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of Exponent by 103.3% during the 1st quarter. Bessemer Group Inc. now owns 681 shares of the business services provider's stock worth $55,000 after buying an additional 346 shares during the period. Institutional investors and hedge funds own 92.37% of the company's stock.

Exponent Company Profile

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.