Neuberger Berman Group LLC Has $150.05 Million Holdings in Exponent, Inc. (NASDAQ:EXPO)

Key Points

• Neuberger Berman Group LLC reduced its stake in Exponent, Inc. by 14.3% during the first quarter, selling 310,068 shares and owning approximately 3.65% of the company post-sale.
• Exponent announced a quarterly dividend of $0.30 per share, scheduled for payment on September 19th, resulting in an annualized yield of 1.7%.
• For the last quarter, Exponent reported an EPS of $0.52, exceeding analysts' expectations, alongside a revenue of $132.87 million, an increase of 7.3% year-over-year.

Neuberger Berman Group LLC decreased its position in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 14.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,851,096 shares of the business services provider's stock after selling 310,068 shares during the quarter. Neuberger Berman Group LLC owned about 3.65% of Exponent worth $150,050,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EXPO. Whipplewood Advisors LLC lifted its holdings in shares of Exponent by 5,333.3% during the first quarter. Whipplewood Advisors LLC now owns 326 shares of the business services provider's stock valued at $26,000 after purchasing an additional 320 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Exponent by 859.1% during the first quarter. UMB Bank n.a. now owns 633 shares of the business services provider's stock valued at $51,000 after purchasing an additional 567 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in shares of Exponent during the fourth quarter valued at $59,000. Bessemer Group Inc. lifted its holdings in shares of Exponent by 103.3% during the first quarter. Bessemer Group Inc. now owns 681 shares of the business services provider's stock valued at $55,000 after purchasing an additional 346 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Exponent by 8,092.9% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,147 shares of the business services provider's stock valued at $93,000 after purchasing an additional 1,133 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Insider Activity

In related 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the chief executive officer directly owned 81,342 shares in the company, valued at $5,782,602.78. The trade was a 5.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,758 shares of company stock valued at $949,848 in the last ninety days. Corporate insiders own 1.60% of the company's stock.

Exponent Stock Down 2.0%

Shares of NASDAQ EXPO traded down $1.42 during mid-day trading on Friday, hitting $69.25. 539,740 shares of the company traded hands, compared to its average volume of 310,341. Exponent, Inc. has a 1 year low of $63.81 and a 1 year high of $115.75. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 34.63 and a beta of 0.89. The business has a 50 day moving average of $73.45 and a two-hundred day moving average of $78.82.

Exponent (NASDAQ:EXPO - Get Free Report) last announced its earnings results on Thursday, July 31st. The business services provider reported $0.52 EPS for the quarter, beating 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 business had revenue of $132.87 million during 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. Exponent's revenue was up 7.3% compared to the same quarter last year. As a group, research analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, September 5th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, September 5th. Exponent's payout ratio is presently 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.