7,820 Shares in Exponent, Inc. $EXPO Purchased by Caxton Associates LLP

Key Points

• Caxton Associates LLP has acquired a new stake in Exponent, Inc., purchasing 7,820 shares valued at approximately $634,000.
• Exponent recently reported earnings of $0.52 per share, surpassing estimates, with a 7.3% increase in revenue year-over-year totaling $132.87 million.
• The company announced a quarterly dividend of $0.30 per share, with a yield of 1.7%, payable to shareholders on September 19th.

Caxton Associates LLP purchased a new position in Exponent, Inc. (NASDAQ:EXPO - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,820 shares of the business services provider's stock, valued at approximately $634,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State of Alaska Department of Revenue raised its stake in shares of Exponent by 2.7% during the first quarter. State of Alaska Department of Revenue now owns 5,946 shares of the business services provider's stock valued at $481,000 after purchasing an additional 155 shares in the last quarter. Mitchell & Pahl Private Wealth LLC raised its stake in shares of Exponent by 2.5% during the first quarter. Mitchell & Pahl Private Wealth LLC now owns 6,709 shares of the business services provider's stock valued at $544,000 after purchasing an additional 164 shares in the last quarter. Portside Wealth Group LLC raised its stake in shares of Exponent by 6.0% during the first quarter. Portside Wealth Group LLC now owns 2,993 shares of the business services provider's stock valued at $243,000 after purchasing an additional 170 shares in the last quarter. State of Michigan Retirement System raised its stake in shares of Exponent by 1.7% during the first quarter. State of Michigan Retirement System now owns 12,200 shares of the business services provider's stock valued at $989,000 after purchasing an additional 200 shares in the last quarter. Finally, Hardy Reed LLC raised its stake in shares of Exponent by 5.5% during the first quarter. Hardy Reed LLC now owns 3,850 shares of the business services provider's stock valued at $312,000 after purchasing an additional 202 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Exponent

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

Exponent Price Performance

Shares of NASDAQ EXPO traded down $0.58 during midday trading on Monday, reaching $69.47. 714,164 shares of the company traded hands, compared to its average volume of 333,612. Exponent, Inc. has a 52 week low of $63.81 and a 52 week high of $115.75. The stock has a 50-day moving average price of $71.62 and a 200 day moving average price of $76.15. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 34.74 and a beta of 0.94.

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

Exponent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be issued a $0.30 dividend. The ex-dividend date is Friday, September 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. Exponent's dividend payout ratio is 60.00%.

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.