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 company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $85.93, for a total transaction of $149,174.48. Following the sale, the vice president now directly owns 1,800 shares of the company’s stock, valued at $154,674. The trade was a 49.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Exponent Trading Down 0.1 %

EXPO opened at $85.60 on Friday. Exponent, Inc. has a 12-month low of $77.21 and a 12-month high of $115.75. The company has a market cap of $4.35 billion, a price-to-earnings ratio of 40.38 and a beta of 0.71. The company’s 50 day moving average is $89.90 and its 200 day moving average is $99.09.

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

Exponent Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.40%. The ex-dividend date is Friday, March 7th. This is a positive change from Exponent’s previous quarterly dividend of $0.28. Exponent’s payout ratio is currently 56.60%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in EXPO. Private Trust Co. NA lifted its holdings in Exponent by 129.8% during the fourth quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 157 shares in the last quarter. Atala Financial Inc bought a new stake in shares of Exponent during the 4th quarter valued at $25,000. Westside Investment Management Inc. purchased a new position in shares of Exponent during the 3rd quarter valued at $26,000. Tortoise Investment Management LLC boosted its holdings in Exponent by 76.7% in the 4th quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider’s stock worth $39,000 after buying an additional 191 shares during the period. Finally, Trust Co. of Vermont purchased a new stake in Exponent in the 4th quarter worth $45,000. 92.37% of the stock is owned by hedge funds and other institutional investors.

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.