Vanguard Personalized Indexing Management LLC Increases Position in Exponent, Inc. (NASDAQ:EXPO)

Vanguard Personalized Indexing Management LLC boosted its position in Exponent, Inc. (NASDAQ:EXPO) by 10.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 14,239 shares of the business services provider’s stock after acquiring an additional 1,323 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Exponent were worth $1,354,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Argent Trust Co purchased a new stake in shares of Exponent in the second quarter valued at $220,000. Renaissance Technologies LLC purchased a new stake in Exponent in the 2nd quarter valued at about $3,215,000. Dimensional Fund Advisors LP increased its stake in shares of Exponent by 0.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,019,085 shares of the business services provider’s stock valued at $96,937,000 after acquiring an additional 6,108 shares during the last quarter. Inspire Advisors LLC lifted its holdings in shares of Exponent by 1.3% during the 2nd quarter. Inspire Advisors LLC now owns 7,615 shares of the business services provider’s stock worth $724,000 after acquiring an additional 98 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Exponent by 4.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 460,125 shares of the business services provider’s stock worth $43,767,000 after acquiring an additional 21,228 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Truist Financial restated a “buy” rating and issued a $120.00 target price (up from $100.00) on shares of Exponent in a report on Friday, July 26th.

Exponent Stock Down 0.9 %

EXPO stock opened at $110.77 on Monday. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 55.94 and a beta of 0.66. The business has a fifty day simple moving average of $105.37 and a 200-day simple moving average of $94.77. Exponent, Inc. has a 52 week low of $64.61 and a 52 week high of $113.00.

Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. The company had revenue of $132.43 million during the quarter, compared to analyst estimates of $130.83 million. Exponent had a return on equity of 28.39% and a net margin of 19.35%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.50 earnings per share. As a group, analysts expect that Exponent, Inc. will post 2.04 earnings per share for the current fiscal year.

Exponent Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.12 dividend on an annualized basis and a yield of 1.01%. Exponent’s dividend payout ratio (DPR) is 56.57%.

Insiders Place Their Bets

In other news, VP John Pye sold 3,956 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $105.00, for a total value of $415,380.00. Following the transaction, the vice president now owns 28,422 shares of the company’s stock, valued at approximately $2,984,310. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.10% of the stock is owned by insiders.

About Exponent

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.