Exponent, Inc. (NASDAQ:EXPO) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its stake in Exponent, Inc. (NASDAQ:EXPO) by 8.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,989 shares of the business services provider’s stock after selling 662 shares during the quarter. Park Avenue Securities LLC’s holdings in Exponent were worth $578,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EXPO. Kestra Advisory Services LLC increased its stake in Exponent by 8.9% during the third quarter. Kestra Advisory Services LLC now owns 2,816 shares of the business services provider’s stock worth $241,000 after purchasing an additional 229 shares during the period. Hsbc Holdings PLC increased its stake in Exponent by 22.0% during the third quarter. Hsbc Holdings PLC now owns 12,176 shares of the business services provider’s stock worth $1,045,000 after purchasing an additional 2,199 shares during the period. LPL Financial LLC increased its stake in Exponent by 31.5% during the third quarter. LPL Financial LLC now owns 46,061 shares of the business services provider’s stock worth $3,943,000 after purchasing an additional 11,023 shares during the period. Mariner LLC increased its stake in Exponent by 10.1% during the third quarter. Mariner LLC now owns 16,739 shares of the business services provider’s stock worth $1,433,000 after purchasing an additional 1,539 shares during the period. Finally, Natixis Advisors L.P. increased its stake in Exponent by 2.2% during the third quarter. Natixis Advisors L.P. now owns 35,515 shares of the business services provider’s stock worth $3,040,000 after purchasing an additional 767 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. StockNews.com upgraded shares of Exponent from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. Truist Financial upped their target price on shares of Exponent from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, April 29th.

Insider Buying and Selling at Exponent

In other Exponent news, insider Eric Guyer sold 1,650 shares of the 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 transaction, the insider now directly owns 1,846 shares in the company, valued at $170,902.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Paul R. Johnston sold 7,000 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $93.40, for a total value of $653,800.00. Following the completion of the sale, the director now directly owns 80,742 shares of the company’s stock, valued at $7,541,302.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Eric Guyer sold 1,650 shares of the 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 sale, the insider now directly owns 1,846 shares of the company’s stock, valued at $170,902.68. The disclosure for this sale can be found here. Insiders have sold 50,067 shares of company stock worth $4,734,995 over the last three months. Insiders own 2.10% of the company’s stock.

Exponent Stock Performance

EXPO stock opened at $95.12 on Friday. The company’s 50 day moving average price is $93.67 and its 200 day moving average price is $86.62. Exponent, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $102.72. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 48.04 and a beta of 0.65.

Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, April 25th. The business services provider reported $0.59 earnings per share for the quarter, topping 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 firm had revenue of $137.21 million for the quarter, compared to analyst estimates of $125.98 million. During the same period in the prior year, the firm earned $0.56 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Equities analysts forecast that Exponent, Inc. will post 1.92 EPS for the current fiscal year.

Exponent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a $0.28 dividend. The ex-dividend date was Friday, June 7th. This represents a $1.12 annualized dividend and a yield of 1.18%. Exponent’s dividend payout ratio is currently 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.