Exponent, Inc. (NASDAQ:EXPO) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in Exponent, Inc. (NASDAQ:EXPO) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,995,605 shares of the business services provider’s stock after buying an additional 19,795 shares during the period. Vanguard Group Inc. owned 9.88% of Exponent worth $439,813,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Operose Advisors LLC acquired a new stake in Exponent during the third quarter worth about $39,000. Principal Securities Inc. acquired a new stake in Exponent during the fourth quarter worth about $69,000. Eagle Bay Advisors LLC increased its position in Exponent by 104.4% during the fourth quarter. Eagle Bay Advisors LLC now owns 1,308 shares of the business services provider’s stock worth $115,000 after purchasing an additional 668 shares during the last quarter. Parkside Financial Bank & Trust increased its position in Exponent by 8.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,595 shares of the business services provider’s stock worth $140,000 after purchasing an additional 127 shares during the last quarter. Finally, TFO Wealth Partners LLC increased its position in Exponent by 14,975.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,809 shares of the business services provider’s stock worth $159,000 after purchasing an additional 1,797 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Eric Guyer sold 1,650 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $92.58, for a total value of $152,757.00. Following the completion of the transaction, the insider now owns 1,846 shares of the company’s stock, valued at $170,902.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Paul R. Johnston sold 6,000 shares of the firm’s 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 transaction, the director now 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 SEC, which is available at the SEC website. Also, insider Eric Guyer sold 1,650 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $92.58, for a total transaction of $152,757.00. Following the completion of the transaction, the insider now directly owns 1,846 shares of the company’s stock, valued at approximately $170,902.68. The disclosure for this sale can be found here. Insiders sold a total of 50,067 shares of company stock valued at $4,734,995 over the last 90 days. 2.10% of the stock is owned by company insiders.

Exponent Price Performance

Shares of EXPO stock opened at $94.44 on Thursday. The firm has a market cap of $4.79 billion, a PE ratio of 47.70 and a beta of 0.65. The company has a 50-day moving average of $93.01 and a two-hundred day moving average of $86.47. Exponent, Inc. has a 1-year low of $64.61 and a 1-year high of $102.72.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, April 25th. The business services provider reported $0.59 earnings per share 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 analyst estimates of $125.98 million. Exponent had a net margin of 18.72% and a return on equity of 28.13%. Exponent’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.56 earnings per share. Sell-side analysts anticipate that Exponent, Inc. will post 1.92 EPS for the current fiscal year.

Exponent Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Friday, June 7th. Exponent’s dividend payout ratio (DPR) is presently 56.57%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EXPO shares. 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 price objective on shares of Exponent from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, April 29th.

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.