LVW Advisors LLC Sells 577 Shares of Exponent, Inc. (NASDAQ:EXPO)

LVW Advisors LLC cut its stake in Exponent, Inc. (NASDAQ:EXPO) by 10.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,061 shares of the business services provider’s stock after selling 577 shares during the period. LVW Advisors LLC’s holdings in Exponent were worth $418,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of EXPO. Janiczek Wealth Management LLC raised its position in Exponent by 293.7% in the 1st quarter. Janiczek Wealth Management LLC now owns 626 shares of the business services provider’s stock worth $52,000 after purchasing an additional 467 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Exponent during the fourth quarter valued at $69,000. Eagle Bay Advisors LLC boosted its holdings in Exponent by 104.4% in the fourth quarter. Eagle Bay Advisors LLC now owns 1,308 shares of the business services provider’s stock valued at $115,000 after acquiring an additional 668 shares during the last quarter. Mather Group LLC. acquired a new stake in Exponent in the first quarter worth about $132,000. Finally, Parkside Financial Bank & Trust increased its position in Exponent by 8.7% in 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 period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Activity at Exponent

In other Exponent news, Director Paul R. Johnston sold 7,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $93.95, for a total value of $657,650.00. Following the completion of the transaction, the director now directly owns 79,236 shares of the company’s stock, valued at $7,444,222.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Exponent news, Director Paul R. Johnston sold 7,000 shares of Exponent stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $93.95, for a total value of $657,650.00. Following the transaction, the director now owns 79,236 shares of the company’s stock, valued at $7,444,222.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Paul R. Johnston sold 6,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $95.11, for a total transaction of $570,660.00. Following the sale, the director now directly owns 79,236 shares of the company’s stock, valued at approximately $7,536,135.96. The disclosure for this sale can be found here. Insiders sold a total of 50,067 shares of company stock worth $4,734,995 in the last quarter. Corporate insiders own 2.10% of the company’s stock.

Exponent Trading Down 1.8 %

NASDAQ:EXPO opened at $93.45 on Tuesday. Exponent, Inc. has a 1-year low of $64.61 and a 1-year high of $102.72. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 47.20 and a beta of 0.65. The business’s 50-day moving average price is $93.95 and its two-hundred day moving average price is $86.73.

Exponent (NASDAQ:EXPO) last announced its quarterly earnings results 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 business had revenue of $137.21 million for the quarter, compared to the consensus estimate of $125.98 million. During the same period last year, the company posted $0.56 EPS. Exponent’s revenue for the quarter was up 6.6% on a year-over-year basis. Sell-side analysts predict that Exponent, Inc. will post 1.92 earnings per share for the current year.

Exponent Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.20%. The ex-dividend date was Friday, June 7th. Exponent’s dividend payout ratio (DPR) is 56.57%.

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.