State of New Jersey Common Pension Fund D Has $1.91 Million Position in Exponent, Inc. (NASDAQ:EXPO)

State of New Jersey Common Pension Fund D lessened its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 43.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,039 shares of the business services provider’s stock after selling 15,156 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Exponent were worth $1,906,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its stake in Exponent by 67.7% in the 2nd quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock valued at $36,000 after buying an additional 153 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its holdings in Exponent by 866.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the business services provider’s stock valued at $42,000 after acquiring an additional 459 shares during the period. Whittier Trust Co. of Nevada Inc. grew its position in shares of Exponent by 166.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 323 shares during the last quarter. Janiczek Wealth Management LLC increased its stake in shares of Exponent by 293.7% in the first 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 period. Finally, YHB Investment Advisors Inc. acquired a new position in shares of Exponent during the 1st quarter worth about $75,000. Institutional investors own 92.37% of the company’s stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, VP John Pye sold 3,956 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $105.00, for a total transaction of $415,380.00. Following the sale, the vice president now directly owns 28,422 shares in the company, valued at $2,984,310. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.10% of the company’s stock.

Exponent Trading Down 0.9 %

Shares of EXPO stock opened at $110.77 on Friday. The firm has a market capitalization of $5.62 billion, a P/E ratio of 55.94 and a beta of 0.66. Exponent, Inc. has a 1 year low of $64.61 and a 1 year high of $113.00. The firm’s fifty day simple moving average is $105.37 and its 200 day simple moving average is $94.67.

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

Exponent Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.12 annualized dividend and a yield of 1.01%. 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.