Exponent, Inc. (NASDAQ:EXPO) Stock Position Cut by Cwm LLC

Cwm LLC lessened its stake in Exponent, Inc. (NASDAQ:EXPO) by 4.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,220 shares of the business services provider’s stock after selling 487 shares during the period. Cwm LLC’s holdings in Exponent were worth $928,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EXPO. Operose Advisors LLC bought a new position in shares of Exponent during the 3rd quarter valued at about $39,000. Principal Securities Inc. bought a new position in shares of Exponent during the 4th quarter valued at about $69,000. Eagle Bay Advisors LLC boosted its position in shares of Exponent by 104.4% during the 4th quarter. Eagle Bay Advisors LLC now owns 1,308 shares of the business services provider’s stock valued at $115,000 after purchasing an additional 668 shares in the last quarter. Covestor Ltd boosted its position in shares of Exponent by 24.8% during the 3rd quarter. Covestor Ltd now owns 1,474 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 293 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of Exponent by 10.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,468 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EXPO. StockNews.com upgraded shares of Exponent from a “sell” rating to a “hold” rating in a research 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 EXPO opened at $94.75 on Friday. Exponent, Inc. has a one year low of $64.61 and a one year high of $102.72. The company has a 50-day moving average of $91.63 and a two-hundred day moving average of $86.07. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 47.85 and a beta of 0.65.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.46 by $0.13. The company had revenue of $137.21 million during the quarter, compared to analysts’ expectations of $125.98 million. Exponent had a net margin of 18.72% and a return on equity of 28.13%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the company posted $0.56 earnings per share. Analysts anticipate that Exponent, Inc. will post 1.92 earnings per share for the current year.

Exponent Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, June 7th. Exponent’s dividend payout ratio (DPR) is 56.57%.

Insider Transactions at Exponent

In other news, Director Paul R. Johnston sold 6,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $95.11, for a total value of $570,660.00. Following the completion of the sale, the director now directly owns 79,236 shares of the company’s stock, valued at $7,536,135.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Paul R. Johnston sold 6,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $95.11, for a total value of $570,660.00. Following the completion of the sale, the director now directly owns 79,236 shares of the company’s stock, valued at $7,536,135.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul R. Johnston sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $93.95, for a total transaction of $657,650.00. Following the transaction, the director now directly owns 79,236 shares in the company, valued at approximately $7,444,222.20. The disclosure for this sale can be found here. Insiders sold 50,067 shares of company stock valued at $4,734,995 over the last three months. 2.10% of the stock is owned by corporate 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.