156,506 Shares in Exponent, Inc. $EXPO Bought by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. acquired a new stake in Exponent, Inc., purchasing 156,506 shares valued at approximately $12.69 million, representing about 0.31% ownership by the end of the reporting period.
• Exponent, Inc. recently reported a quarterly earnings per share of $0.52, exceeding analyst estimates, with revenue reaching $132.87 million, marking a 7.3% increase year-over-year.
• The company declared a quarterly dividend of $0.30 per share, set to be paid on September 19th, with a dividend yield of 1.7% and a payout ratio of 60%.

Jacobs Levy Equity Management Inc. bought a new stake in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 156,506 shares of the business services provider's stock, valued at approximately $12,686,000. Jacobs Levy Equity Management Inc. owned 0.31% of Exponent as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in EXPO. Brooklyn Investment Group raised its stake in Exponent by 10,200.0% during the 1st quarter. Brooklyn Investment Group now owns 309 shares of the business services provider's stock valued at $25,000 after purchasing an additional 306 shares during the period. Whipplewood Advisors LLC increased its stake in shares of Exponent by 5,333.3% in the first quarter. Whipplewood Advisors LLC now owns 326 shares of the business services provider's stock worth $26,000 after acquiring an additional 320 shares during the last quarter. UMB Bank n.a. increased its stake 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. Bessemer Group Inc. increased its stake in shares of Exponent by 103.3% in the first quarter. Bessemer Group Inc. now owns 681 shares of the business services provider's stock worth $55,000 after acquiring an additional 346 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of Exponent in the first quarter worth $80,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, VP Joseph Sala sold 1,595 shares of the company's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $70.64, for a total value of $112,670.80. The sale was disclosed in a legal 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 stock was sold at an average price of $71.09, for a total transaction of $348,056.64. Following the completion of the sale, the chief executive officer owned 81,342 shares of the company's stock, valued at $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 Stock Performance

Shares of NASDAQ EXPO traded down $0.68 during mid-day trading on Friday, reaching $70.27. The company had a trading volume of 65,855 shares, compared to its average volume of 330,286. Exponent, Inc. has a twelve month low of $63.81 and a twelve month high of $115.75. The stock has a market capitalization of $3.55 billion, a PE ratio of 35.16 and a beta of 0.94. The stock's 50 day moving average is $71.76 and its 200-day moving average is $76.39.

Exponent (NASDAQ:EXPO - Get Free Report) last posted its quarterly 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. Exponent had a net margin of 18.35% and a return on equity of 24.19%. The business had revenue of $132.87 million for 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 for the quarter was up 7.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors 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 dividend on an annualized basis and a yield of 1.7%. Exponent's dividend payout ratio is currently 60.00%.

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.