Axiom Investors LLC DE Sells 58,234 Shares of Exponent, Inc. $EXPO

Key Points

• Axiom Investors LLC DE has sold over 58,000 shares of Exponent, Inc., reducing its stake by 49.1%, leaving it with 60,333 shares valued at approximately $4.89 million.
• Exponent reported earnings of $0.52 per share for the last quarter, surpassing analyst expectations and showing a 7.3% year-over-year revenue growth, totaling $132.87 million.
• The company announced a quarterly dividend of $0.30 per share, with a yield of 1.7%, set to be paid to shareholders on September 19th.

Axiom Investors LLC DE lowered its stake in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 49.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,333 shares of the business services provider's stock after selling 58,234 shares during the period. Axiom Investors LLC DE owned 0.12% of Exponent worth $4,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Brooklyn Investment Group increased its holdings in Exponent by 10,200.0% in 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 boosted its stake in shares of Exponent by 5,333.3% in the 1st quarter. Whipplewood Advisors LLC now owns 326 shares of the business services provider's stock valued at $26,000 after buying an additional 320 shares during the period. UMB Bank n.a. lifted its stake in Exponent by 859.1% during the first quarter. UMB Bank n.a. now owns 633 shares of the business services provider's stock worth $51,000 after purchasing an additional 567 shares during the last quarter. Bessemer Group Inc. lifted its stake in Exponent by 103.3% in the first quarter. Bessemer Group Inc. now owns 681 shares of the business services provider's stock valued at $55,000 after buying an additional 346 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of Exponent in the first quarter valued at approximately $80,000. 92.37% of the stock is currently owned by institutional investors.

Exponent Stock Performance

Exponent stock opened at $71.42 on Monday. Exponent, Inc. has a fifty-two week low of $63.81 and a fifty-two week high of $115.75. The stock's fifty day moving average is $72.27 and its two-hundred day moving average is $76.68. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 35.71 and a beta of 0.94.

Exponent (NASDAQ:EXPO - Get Free Report) last released its 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 firm had revenue of $132.87 million for the quarter, compared to the consensus estimate of $130.82 million. During the same period in the prior year, the business posted $0.57 earnings per share. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Exponent Announces Dividend

The firm 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 dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.20 annualized dividend and a yield of 1.7%. Exponent's payout ratio is presently 60.00%.

Insider Buying and Selling at Exponent

In other news, VP Joseph Sala sold 1,595 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $70.64, for a total value of $112,670.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Catherine Corrigan sold 4,896 shares of the business's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $71.09, for a total value of $348,056.64. Following the completion of the sale, the chief executive officer directly owned 81,342 shares in the company, valued at $5,782,602.78. This represents a 5.68% decrease in their position. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Exponent 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.

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