Headlands Technologies LLC Takes $1.08 Million Position in Exponent, Inc. (NASDAQ:EXPO)

Key Points

• Headlands Technologies LLC made a new investment of approximately $1.08 million in Exponent, Inc., acquiring 13,377 shares during the first quarter.
• Exponent reported earnings of $0.52 per share for the last quarter, exceeding analysts' estimates, along with a revenue of $132.87 million.
• The company announced a quarterly dividend of $0.30 per share, resulting in an annualized dividend yield of 1.7% for shareholders.

Headlands Technologies LLC purchased a new stake in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 13,377 shares of the business services provider's stock, valued at approximately $1,084,000.

A number of other large investors have also recently modified their holdings of the business. Bank of Montreal Can boosted its position in shares of Exponent by 1.5% during the 4th quarter. Bank of Montreal Can now owns 8,747 shares of the business services provider's stock valued at $779,000 after acquiring an additional 131 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Exponent by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 5,946 shares of the business services provider's stock valued at $481,000 after acquiring an additional 155 shares during the last quarter. Mitchell & Pahl Private Wealth LLC boosted its position in shares of Exponent by 2.5% during the 1st quarter. Mitchell & Pahl Private Wealth LLC now owns 6,709 shares of the business services provider's stock valued at $544,000 after acquiring an additional 164 shares during the last quarter. Portside Wealth Group LLC boosted its position in shares of Exponent by 6.0% during the 1st quarter. Portside Wealth Group LLC now owns 2,993 shares of the business services provider's stock valued at $243,000 after acquiring an additional 170 shares during the last quarter. Finally, Franklin Resources Inc. lifted its position in Exponent by 5.4% in the 4th quarter. Franklin Resources Inc. now owns 3,710 shares of the business services provider's stock worth $331,000 after buying an additional 189 shares during the last quarter. Institutional investors own 92.37% of the company's stock.

Exponent Stock Performance

NASDAQ:EXPO traded down $0.62 during mid-day trading on Friday, reaching $70.65. The stock had a trading volume of 189,548 shares, compared to its average volume of 312,849. The firm has a 50 day moving average price of $74.15 and a two-hundred day moving average price of $79.48. The stock has a market capitalization of $3.59 billion, a P/E ratio of 35.33 and a beta of 0.89. Exponent, Inc. has a one year low of $63.81 and a one year high of $115.75.

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 analysts' consensus estimates of $0.48 by $0.04. The company had revenue of $132.87 million during the quarter, compared to the consensus estimate of $130.82 million. Exponent had a return on equity of 24.19% and a net margin of 18.35%. Exponent's quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. Research analysts forecast that Exponent, Inc. will post 1.98 earnings per share 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 paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, September 5th. Exponent's dividend payout ratio is 60.00%.

Insider Activity

In other news, VP Joseph Rakow sold 1,573 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $77.72, for a total transaction of $122,253.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP John Pye sold 2,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were 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 $2,228,849.28. This trade represents a 6.41% decrease in their ownership of the stock. 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. Insiders own 1.60% of the company's stock.

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.