Edgestream Partners L.P. Grows Stock Holdings in Exponent, Inc. (NASDAQ:EXPO)

Edgestream Partners L.P. raised its holdings in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 367.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,273 shares of the business services provider's stock after buying an additional 59,947 shares during the period. Edgestream Partners L.P. owned about 0.15% of Exponent worth $6,183,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Whipplewood Advisors LLC raised its stake in Exponent by 5,333.3% in the first 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 in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Exponent in the fourth quarter valued at $50,000. UMB Bank n.a. raised its stake in Exponent by 859.1% in the first quarter. UMB Bank n.a. now owns 633 shares of the business services provider's stock valued at $51,000 after buying an additional 567 shares in the last quarter. Johnson Financial Group Inc. acquired a new stake in Exponent in the fourth quarter valued at $59,000. Finally, Bessemer Group Inc. raised 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 in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Exponent Stock Up 1.6%

Exponent stock traded up $1.14 during midday trading on Thursday, reaching $74.06. The company's stock had a trading volume of 298,425 shares, compared to its average volume of 263,373. Exponent, Inc. has a fifty-two week low of $71.72 and a fifty-two week high of $115.75. The company has a market cap of $3.76 billion, a P/E ratio of 36.13 and a beta of 0.90. The business has a 50-day simple moving average of $76.40 and a 200-day simple moving average of $81.78.

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, topping analysts' consensus estimates of $0.48 by $0.04. Exponent had a return on equity of 25.33% and a net margin of 18.87%. The business had revenue of $137.44 million for the quarter, compared to analysts' expectations of $134.63 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The business's revenue was up .2% compared to the same quarter last year. As a group, equities analysts forecast that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Friday, June 6th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Friday, June 6th. Exponent's dividend payout ratio (DPR) is currently 58.54%.

Insider Transactions at Exponent

In other news, VP Bradley A. James sold 2,694 shares of Exponent stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $79.52, for a total transaction of $214,226.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP John Pye sold 2,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $76.32, for a total value of $152,640.00. Following the transaction, the vice president directly owned 29,204 shares in the company, valued at approximately $2,228,849.28. This represents a 6.41% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,267 shares of company stock worth $489,120. Corporate insiders own 1.60% 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.