Teacher Retirement System of Texas Sells 10,543 Shares of Exponent, Inc. (NASDAQ:EXPO)

Teacher Retirement System of Texas reduced its position in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 10.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,120 shares of the business services provider's stock after selling 10,543 shares during the quarter. Teacher Retirement System of Texas owned about 0.17% of Exponent worth $6,981,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Atala Financial Inc bought a new position in shares of Exponent in the fourth quarter valued at approximately $25,000. Whipplewood Advisors LLC lifted its position in Exponent by 5,333.3% during the first quarter. Whipplewood Advisors LLC now owns 326 shares of the business services provider's stock valued at $26,000 after purchasing an additional 320 shares during the last quarter. Tortoise Investment Management LLC lifted its position in Exponent by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider's stock valued at $39,000 after purchasing an additional 191 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in Exponent during the fourth quarter valued at approximately $50,000. Finally, UMB Bank n.a. lifted its position in Exponent by 859.1% during the first quarter. UMB Bank n.a. now owns 633 shares of the business services provider's stock valued at $51,000 after purchasing an additional 567 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Exponent Trading Down 2.0%

Shares of EXPO traded down $1.53 during mid-day trading on Monday, reaching $75.57. The company's stock had a trading volume of 243,703 shares, compared to its average volume of 259,462. Exponent, Inc. has a 52 week low of $72.43 and a 52 week high of $115.75. The company's fifty day moving average price is $76.80 and its two-hundred day moving average price is $82.54. The stock has a market cap of $3.84 billion, a PE ratio of 36.86 and a beta of 0.90.

Exponent (NASDAQ:EXPO - Get Free Report) last issued its earnings results on Thursday, May 1st. The business services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The company had revenue of $137.44 million for the quarter, compared to the consensus estimate of $134.63 million. Exponent had a net margin of 18.87% and a return on equity of 25.33%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 earnings per share. Research analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, June 6th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend was Friday, June 6th. Exponent's payout ratio is currently 58.54%.

Insider Buying and Selling at Exponent

In related news, VP Joseph Rakow sold 1,573 shares of the company'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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP John Pye sold 2,000 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $76.32, for a total transaction of $152,640.00. Following the completion of the transaction, the vice president owned 29,204 shares in the company, valued at approximately $2,228,849.28. The trade was a 6.41% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,267 shares of company stock valued at $489,120. 1.60% of the stock is currently owned by company insiders.

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.