Exponent, Inc. $EXPO Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its stake in Exponent, Inc. by 54.8%, now holding approximately $43.51 million worth of shares after selling over 650,000 shares during the first quarter.
• Exponent, Inc. recently announced a quarterly dividend of $0.30 per share, set to be paid on September 19th, representing a 1.7% dividend yield.
• Exponent reported a 7.3% increase in quarterly revenue year-over-year, with an earnings per share (EPS) of $0.52, surpassing analyst expectations.

Invesco Ltd. reduced its holdings in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 54.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 536,803 shares of the business services provider's stock after selling 651,570 shares during the quarter. Invesco Ltd. owned approximately 1.06% of Exponent worth $43,513,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in EXPO. Whipplewood Advisors LLC increased its stake in shares of Exponent by 5,333.3% during the 1st quarter. Whipplewood Advisors LLC now owns 326 shares of the business services provider's stock valued at $26,000 after acquiring an additional 320 shares during the last quarter. UMB Bank n.a. boosted its position in shares of Exponent by 859.1% in the first quarter. UMB Bank n.a. now owns 633 shares of the business services provider's stock worth $51,000 after acquiring an additional 567 shares during the last quarter. Johnson Financial Group Inc. purchased a new stake in Exponent in the fourth quarter valued at approximately $59,000. Bessemer Group Inc. increased its position in Exponent by 103.3% during the first quarter. Bessemer Group Inc. now owns 681 shares of the business services provider's stock worth $55,000 after purchasing an additional 346 shares during the last quarter. Finally, LRI Investments LLC raised its stake in Exponent by 30.4% during the fourth quarter. LRI Investments LLC now owns 1,460 shares of the business services provider's stock worth $130,000 after purchasing an additional 340 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.

Exponent Trading Up 0.6%

Shares of EXPO traded up $0.43 during mid-day trading on Wednesday, reaching $70.03. The company had a trading volume of 697,309 shares, compared to its average volume of 320,505. Exponent, Inc. has a fifty-two week low of $63.81 and a fifty-two week high of $115.75. The firm has a fifty day simple moving average of $73.13 and a 200-day simple moving average of $78.41. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 35.02 and a beta of 0.89.

Exponent (NASDAQ:EXPO - Get Free Report) last issued its earnings results on Thursday, July 31st. The business services provider reported $0.52 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $130.82 million. During the same period last year, the company posted $0.57 EPS. The business's quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities analysts predict that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Exponent Dividend Announcement

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

Insider Buying and Selling at Exponent

In other news, VP John Pye sold 2,000 shares of the stock in a transaction 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 completion of the sale, the vice president owned 29,204 shares of the company's stock, valued at $2,228,849.28. This represents a 6.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Joseph Rakow sold 1,573 shares of Exponent stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $77.72, for a total transaction of $122,253.56. The disclosure for this sale can be found here. Insiders sold a total of 10,064 shares of company stock worth $735,621 in the last quarter. Company 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.