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Laurus Global Equity Management Inc. Has $1 Million Stock Position in Exponent, Inc. (NASDAQ:EXPO)

Exponent logo with Business Services background

Laurus Global Equity Management Inc. reduced its holdings in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 57.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,355 shares of the business services provider's stock after selling 16,360 shares during the quarter. Laurus Global Equity Management Inc.'s holdings in Exponent were worth $1,001,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in EXPO. Vanguard Group Inc. grew its stake in shares of Exponent by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,345,503 shares of the business services provider's stock valued at $476,284,000 after buying an additional 67,296 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Exponent by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,519,584 shares of the business services provider's stock valued at $135,419,000 after buying an additional 13,932 shares in the last quarter. Invesco Ltd. grew its stake in shares of Exponent by 1.1% in the fourth quarter. Invesco Ltd. now owns 1,188,373 shares of the business services provider's stock valued at $105,884,000 after buying an additional 13,263 shares in the last quarter. Northern Trust Corp grew its stake in shares of Exponent by 7.4% in the fourth quarter. Northern Trust Corp now owns 770,270 shares of the business services provider's stock valued at $68,631,000 after buying an additional 53,227 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Exponent by 0.6% in the fourth quarter. Wells Fargo & Company MN now owns 739,710 shares of the business services provider's stock valued at $65,908,000 after buying an additional 4,704 shares in the last quarter. 92.37% of the stock is owned by institutional investors.

Insider Buying and Selling at Exponent

In other Exponent news, VP Bradley A. James sold 2,694 shares of the firm's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $79.52, for a total transaction of $214,226.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Joseph Rakow sold 1,573 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $77.72, for a total value of $122,253.56. The disclosure for this sale can be found here. Insiders sold 6,267 shares of company stock valued at $489,120 in the last quarter. 1.60% of the stock is currently owned by insiders.

Exponent Stock Down 2.8%

Shares of NASDAQ:EXPO traded down $2.12 during midday trading on Tuesday, hitting $72.34. The stock had a trading volume of 245,683 shares, compared to its average volume of 309,778. Exponent, Inc. has a 12 month low of $72.30 and a 12 month high of $115.75. The business's 50-day simple moving average is $76.52 and its 200-day simple moving average is $82.01. The company has a market cap of $3.67 billion, a P/E ratio of 35.29 and a beta of 0.90.

Exponent (NASDAQ:EXPO - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $134.63 million. During the same quarter last year, the firm posted $0.59 EPS. The company's quarterly revenue was up .2% on a year-over-year basis. As a group, equities analysts predict that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.66%. The ex-dividend date was Friday, June 6th. Exponent's dividend payout ratio is 58.54%.

Exponent Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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