Federated Hermes Inc. Acquires 1,307 Shares of Exponent, Inc. (NASDAQ:EXPO)

Federated Hermes Inc. grew its holdings in Exponent, Inc. (NASDAQ:EXPO) by 35.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,038 shares of the business services provider’s stock after purchasing an additional 1,307 shares during the period. Federated Hermes Inc.’s holdings in Exponent were worth $479,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Caprock Group LLC grew its position in Exponent by 4.2% in the second quarter. Caprock Group LLC now owns 3,296 shares of the business services provider’s stock valued at $314,000 after acquiring an additional 134 shares during the last quarter. GAMMA Investing LLC lifted 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 purchasing an additional 153 shares during the last quarter. Retirement Systems of Alabama lifted its stake in Exponent by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 63,568 shares of the business services provider’s stock valued at $5,256,000 after purchasing an additional 167 shares during the last quarter. Raymond James Trust N.A. boosted its position in Exponent by 2.8% in the second quarter. Raymond James Trust N.A. now owns 6,230 shares of the business services provider’s stock valued at $593,000 after buying an additional 172 shares in the last quarter. Finally, Natixis Investment Managers International increased its holdings in shares of Exponent by 18.5% during the first quarter. Natixis Investment Managers International now owns 1,138 shares of the business services provider’s stock worth $94,000 after buying an additional 178 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Insider Buying and Selling

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

Exponent Price Performance

Shares of NASDAQ EXPO opened at $111.24 on Tuesday. The company has a 50 day simple moving average of $105.56 and a 200 day simple moving average of $94.98. Exponent, Inc. has a 1 year low of $64.61 and a 1 year high of $113.00. The firm has a market cap of $5.64 billion, a PE ratio of 56.18 and a beta of 0.66.

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

Exponent Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.