State of Wyoming reduced its stake in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 53.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,248 shares of the business services provider's stock after selling 3,755 shares during the period. State of Wyoming's holdings in Exponent were worth $289,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Barclays PLC increased its stake in Exponent by 219.0% in the 3rd quarter. Barclays PLC now owns 96,526 shares of the business services provider's stock worth $11,127,000 after acquiring an additional 66,263 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Exponent by 223.4% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,158 shares of the business services provider's stock worth $541,000 after acquiring an additional 4,254 shares in the last quarter. KBC Group NV increased its position in Exponent by 62.4% during the 4th quarter. KBC Group NV now owns 2,274 shares of the business services provider's stock valued at $203,000 after buying an additional 874 shares in the last quarter. PineStone Asset Management Inc. increased its position in Exponent by 12.4% during the 4th quarter. PineStone Asset Management Inc. now owns 98,311 shares of the business services provider's stock valued at $8,760,000 after buying an additional 10,811 shares in the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of Exponent by 28.8% in the fourth quarter. Empowered Funds LLC now owns 12,272 shares of the business services provider's stock valued at $1,093,000 after purchasing an additional 2,747 shares during the period. 92.37% of the stock is owned by hedge funds and other institutional investors.
Exponent Trading Down 1.9%
Shares of EXPO stock traded down $1.44 during mid-day trading on Wednesday, reaching $76.10. The stock had a trading volume of 36,454 shares, compared to its average volume of 245,516. Exponent, Inc. has a 1-year low of $73.37 and a 1-year high of $115.75. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 35.90 and a beta of 0.95. The business's fifty day moving average is $78.65 and its 200-day moving average is $86.72.
Exponent (NASDAQ:EXPO - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. Exponent had a return on equity of 27.27% and a net margin of 19.52%. The company had revenue of $137.44 million for the quarter, compared to the consensus estimate of $134.63 million. During the same quarter in the prior year, the business posted $0.59 earnings per share. Exponent's revenue for the quarter was up .2% on a year-over-year basis. On average, analysts forecast that Exponent, Inc. will post 1.98 earnings per share for the current year.
Exponent Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.20 annualized dividend and a dividend yield of 1.58%. Exponent's dividend payout ratio is presently 58.54%.
Insiders Place Their Bets
In other news, VP Bradley A. James sold 2,694 shares of Exponent stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $79.52, for a total transaction of $214,226.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Joseph Rakow sold 1,573 shares of the business's stock in a transaction dated 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 a total of 6,267 shares of company stock valued at $489,120 over the last quarter. 2.10% of the stock is owned by insiders.
About Exponent
(
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.
Further Reading
Before you consider Exponent, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Exponent wasn't on the list.
While Exponent currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
