Castlekeep Investment Advisors LLC acquired a new stake in Exponent, Inc. (NASDAQ:EXPO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,633 shares of the business services provider's stock, valued at approximately $413,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of EXPO. Barclays PLC increased its holdings in Exponent by 219.0% in the third quarter. Barclays PLC now owns 96,526 shares of the business services provider's stock valued at $11,127,000 after buying an additional 66,263 shares during the last quarter. Inspire Investing LLC grew its holdings in shares of Exponent by 25.4% during the fourth quarter. Inspire Investing LLC now owns 4,495 shares of the business services provider's stock valued at $401,000 after purchasing an additional 910 shares during the last quarter. KBC Group NV grew its holdings in shares of Exponent by 62.4% during the fourth quarter. KBC Group NV now owns 2,274 shares of the business services provider's stock valued at $203,000 after purchasing an additional 874 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Exponent by 2.4% during the fourth quarter. Pacer Advisors Inc. now owns 7,574 shares of the business services provider's stock valued at $675,000 after purchasing an additional 180 shares during the last quarter. Finally, Caprock Group LLC grew its holdings in shares of Exponent by 13.2% during the fourth quarter. Caprock Group LLC now owns 3,712 shares of the business services provider's stock valued at $331,000 after purchasing an additional 434 shares during the last quarter. 92.37% of the stock is owned by institutional investors.
Insider Activity
In related news, VP John Pye sold 2,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $76.32, for a total value of $152,640.00. Following the completion of the transaction, the vice president now directly owns 29,204 shares of the company's stock, valued at $2,228,849.28. This represents a 6.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Bradley A. James sold 2,694 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $79.52, for a total value of $214,226.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,267 shares of company stock valued at $489,120. 2.10% of the stock is currently owned by insiders.
Exponent Stock Down 0.9%
Shares of NASDAQ:EXPO traded down $0.70 during trading on Friday, hitting $76.54. 58,187 shares of the company traded hands, compared to its average volume of 246,878. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 36.09 and a beta of 0.95. The business's fifty day moving average is $78.53 and its 200-day moving average is $86.44. Exponent, Inc. has a one year low of $73.37 and a one year high of $115.75.
Exponent (NASDAQ:EXPO - Get Free Report) last posted its earnings results on Thursday, May 1st. The business services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $137.44 million during the quarter, compared to analyst estimates of $134.63 million. Exponent had a return on equity of 27.27% and a net margin of 19.52%. The business's revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 earnings per share. On average, analysts forecast that Exponent, Inc. will post 1.98 EPS for the current year.
Exponent Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, June 6th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend is Friday, June 6th. Exponent's dividend payout ratio (DPR) is presently 58.54%.
Exponent Company Profile
(
Free Report)
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.
Further Reading
Before you consider Exponent, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exponent wasn't on the list.
While Exponent currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
