Strs Ohio Makes New Investment in Exponent, Inc. $EXPO

Key Points

• Strs Ohio acquired a new stake in Exponent, Inc. worth approximately $316,000 by purchasing 3,900 shares.
• Exponent recently reported quarterly earnings with an EPS of $0.52, exceeding analysts' expectations of $0.48, and showing a 7.3% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.30 per share, representing an annualized yield of 1.7%.

Strs Ohio acquired a new stake in Exponent, Inc. (NASDAQ:EXPO - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,900 shares of the business services provider's stock, valued at approximately $316,000.

Other institutional investors have also modified their holdings of the company. Intech Investment Management LLC increased its position in Exponent by 13.2% during the 1st quarter. Intech Investment Management LLC now owns 29,412 shares of the business services provider's stock worth $2,384,000 after purchasing an additional 3,439 shares in the last quarter. Jane Street Group LLC increased its position in shares of Exponent by 1,481.0% in the first quarter. Jane Street Group LLC now owns 127,222 shares of the business services provider's stock worth $10,313,000 after acquiring an additional 119,175 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of Exponent in the 1st quarter valued at $417,000. United Services Automobile Association purchased a new position in shares of Exponent in the 1st quarter valued at $270,000. Finally, Caxton Associates LLP acquired a new position in shares of Exponent during the 1st quarter valued at $634,000. Hedge funds and other institutional investors own 92.37% of the company's stock.

Insider Buying and Selling

In related news, VP Joseph Sala sold 1,595 shares of Exponent stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $70.64, for a total transaction of $112,670.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Catherine Corrigan sold 4,905 shares of the business's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $69.91, for a total transaction of $342,908.55. Following the completion of the transaction, the chief executive officer owned 82,753 shares in the company, valued at $5,785,262.23. This represents a 5.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,396 shares of company stock worth $803,636 in the last quarter. Insiders own 1.60% of the company's stock.

Exponent Trading Down 1.6%

Shares of Exponent stock opened at $68.88 on Wednesday. The company has a fifty day moving average price of $70.89 and a 200 day moving average price of $75.50. Exponent, Inc. has a twelve month low of $63.81 and a twelve month high of $115.75. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 34.44 and a beta of 0.94.

Exponent (NASDAQ:EXPO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The business services provider reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.04. Exponent had a return on equity of 24.19% and a net margin of 18.35%.The company had revenue of $132.87 million for the quarter, compared to analysts' expectations of $130.82 million. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The firm's quarterly revenue was up 7.3% on a year-over-year basis. 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 was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.20 annualized dividend and a yield of 1.7%. Exponent's dividend payout ratio (DPR) is 60.00%.

About Exponent

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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