TimesSquare Capital Management LLC Has $24.23 Million Stock Position in Exponent, Inc. (NASDAQ:EXPO)

TimesSquare Capital Management LLC reduced its position in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 12.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 298,860 shares of the business services provider's stock after selling 43,990 shares during the period. TimesSquare Capital Management LLC owned about 0.59% of Exponent worth $24,226,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Bessemer Group Inc. lifted its stake in Exponent by 103.3% in the 1st quarter. Bessemer Group Inc. now owns 681 shares of the business services provider's stock valued at $55,000 after purchasing an additional 346 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Exponent in the 1st quarter valued at about $665,000. Fifth Third Bancorp lifted its stake in Exponent by 14.4% in the 1st quarter. Fifth Third Bancorp now owns 6,835 shares of the business services provider's stock valued at $554,000 after purchasing an additional 858 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Exponent by 29.9% in the 1st quarter. Farther Finance Advisors LLC now owns 3,274 shares of the business services provider's stock valued at $265,000 after purchasing an additional 753 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in Exponent by 859.1% in the 1st 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 and hedge funds.

Exponent Stock Down 2.2%

Shares of EXPO stock opened at $74.32 on Monday. The firm has a 50 day moving average price of $76.52 and a two-hundred day moving average price of $82.01. The company has a market capitalization of $3.77 billion, a PE ratio of 36.25 and a beta of 0.90. Exponent, Inc. has a 12-month low of $72.43 and a 12-month high of $115.75.

Exponent (NASDAQ:EXPO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $137.44 million during 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 business's revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.59 earnings per share. As a group, research analysts expect 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. The ex-dividend date of this dividend was Friday, June 6th. This represents a $1.20 annualized dividend and a yield of 1.61%. Exponent's dividend payout ratio (DPR) is presently 58.54%.

Insiders Place Their Bets

In other Exponent news, VP Bradley A. James sold 2,694 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The shares were 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 through the SEC website. Also, VP John Pye sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $76.32, for a total transaction of $152,640.00. Following the transaction, the vice president directly owned 29,204 shares in the company, valued at $2,228,849.28. This represents a 6.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,267 shares of company stock worth $489,120 over the last three months. Insiders own 1.60% of the company's stock.

Exponent Company 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.

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