International Assets Investment Management LLC Makes New $6.13 Million Investment in Exponent, Inc. (NASDAQ:EXPO)

International Assets Investment Management LLC bought a new stake in Exponent, Inc. (NASDAQ:EXPO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 69,582 shares of the business services provider's stock, valued at approximately $6,126,000. International Assets Investment Management LLC owned about 0.14% of Exponent at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of EXPO. Quarry LP acquired a new position in Exponent in the 2nd quarter valued at about $25,000. Operose Advisors LLC acquired a new position in Exponent in the 3rd quarter valued at about $39,000. Dark Forest Capital Management LP acquired a new position in Exponent in the 1st quarter valued at about $45,000. Point72 Hong Kong Ltd acquired a new position in Exponent in the 1st quarter valued at about $74,000. Finally, Signaturefd LLC boosted its holdings in Exponent by 157.7% in the 3rd quarter. Signaturefd LLC now owns 915 shares of the business services provider's stock valued at $78,000 after purchasing an additional 560 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on EXPO shares. Truist Financial reduced their price target on shares of Exponent from $110.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, February 2nd. StockNews.com raised shares of Exponent from a "sell" rating to a "hold" rating in a research note on Monday, March 4th.

Exponent Trading Up 0.1 %

EXPO traded up $0.08 during trading hours on Monday, hitting $78.47. 487,531 shares of the company's stock were exchanged, compared to its average volume of 310,899. Exponent, Inc. has a 12-month low of $64.61 and a 12-month high of $101.65. The firm has a 50 day moving average of $79.30 and a 200 day moving average of $82.23. The firm has a market cap of $3.97 billion, a P/E ratio of 40.24 and a beta of 0.68.

Exponent (NASDAQ:EXPO - Get Free Report) last announced its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.44 by ($0.03). Exponent had a net margin of 18.69% and a return on equity of 28.49%. The firm had revenue of $113.87 million during the quarter, compared to analysts' expectations of $119.11 million. During the same period in the prior year, the company posted $0.44 earnings per share. The company's revenue for the quarter was up 1.1% on a year-over-year basis. As a group, research analysts expect that Exponent, Inc. will post 1.76 EPS for the current fiscal year.

Exponent Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were given a $0.28 dividend. The ex-dividend date was Thursday, March 7th. This is an increase from Exponent's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.43%. Exponent's dividend payout ratio is currently 57.44%.

Insider Buying and Selling at Exponent

In related news, insider Eric Guyer sold 3,367 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $78.49, for a total transaction of $264,275.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.20% of the company's stock.

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.