Exponent, Inc. (NASDAQ:EXPO) Shares Sold by American International Group Inc.

American International Group Inc. lowered its stake in Exponent, Inc. (NASDAQ:EXPO) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 93,154 shares of the business services provider’s stock after selling 3,352 shares during the period. American International Group Inc. owned 0.18% of Exponent worth $8,201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Public Employees Retirement Association of Colorado raised its holdings in shares of Exponent by 1,383.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 261,007 shares of the business services provider’s stock worth $22,979,000 after buying an additional 243,412 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Exponent by 69.4% in the fourth quarter. CIBC Private Wealth Group LLC now owns 9,158 shares of the business services provider’s stock worth $806,000 after buying an additional 3,753 shares during the last quarter. RK Capital Management LLC raised its holdings in shares of Exponent by 2.0% in the fourth quarter. RK Capital Management LLC now owns 46,300 shares of the business services provider’s stock worth $4,076,000 after buying an additional 900 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in shares of Exponent by 9.1% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 5,349 shares of the business services provider’s stock worth $471,000 after buying an additional 446 shares during the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of Exponent by 40.2% in the fourth quarter. Eagle Asset Management Inc. now owns 85,303 shares of the business services provider’s stock worth $7,510,000 after buying an additional 24,455 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Insider Buying and Selling at Exponent

In other Exponent news, VP Bradley A. James sold 3,528 shares of Exponent stock in a transaction on Monday, May 6th. The shares were sold at an average price of $95.00, for a total value of $335,160.00. Following the completion of the transaction, the vice president now owns 2,030 shares of the company’s stock, valued at $192,850. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Bradley A. James sold 3,528 shares of Exponent stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $95.00, for a total value of $335,160.00. Following the sale, the vice president now owns 2,030 shares in the company, valued at $192,850. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Eric Guyer sold 1,846 shares of Exponent stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $95.18, for a total transaction of $175,702.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,067 shares of company stock valued at $4,734,995. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EXPO shares. StockNews.com raised shares of Exponent from a “sell” rating to a “hold” rating in a report on Monday, March 4th. Truist Financial raised their target price on shares of Exponent from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, April 29th.

Exponent Price Performance

Shares of Exponent stock opened at $96.48 on Thursday. The firm has a fifty day moving average price of $91.33 and a 200 day moving average price of $86.01. Exponent, Inc. has a 1 year low of $64.61 and a 1 year high of $102.72. The stock has a market cap of $4.89 billion, a PE ratio of 48.73 and a beta of 0.65.

Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. Exponent had a net margin of 18.72% and a return on equity of 28.13%. The company had revenue of $137.21 million during the quarter, compared to analysts’ expectations of $125.98 million. During the same quarter in the previous year, the company earned $0.56 earnings per share. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, equities analysts expect that Exponent, Inc. will post 1.92 EPS for the current year.

Exponent Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a $0.28 dividend. The ex-dividend date is Friday, June 7th. This represents a $1.12 dividend on an annualized basis and a yield of 1.16%. Exponent’s payout ratio is 56.57%.

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.