Allspring Global Investments Holdings LLC Has $541,000 Stock Holdings in Exponent, Inc. (NASDAQ:EXPO)

Allspring Global Investments Holdings LLC increased its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 223.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,158 shares of the business services provider’s stock after buying an additional 4,254 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Exponent were worth $541,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Westside Investment Management Inc. acquired a new position in shares of Exponent in the 3rd quarter worth approximately $26,000. Trust Co. of Vermont acquired a new position in shares of Exponent in the 4th quarter worth approximately $45,000. Anchor Investment Management LLC acquired a new position in shares of Exponent in the 3rd quarter worth approximately $64,000. Quarry LP lifted its position in shares of Exponent by 127.9% in the 3rd quarter. Quarry LP now owns 604 shares of the business services provider’s stock worth $70,000 after purchasing an additional 339 shares during the period. Finally, Mather Group LLC. lifted its position in shares of Exponent by 14.9% in the 4th quarter. Mather Group LLC. now owns 1,512 shares of the business services provider’s stock worth $135,000 after purchasing an additional 196 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Exponent Stock Performance

Shares of NASDAQ EXPO opened at $84.78 on Tuesday. The company has a market capitalization of $4.30 billion, a P/E ratio of 39.99 and a beta of 0.71. Exponent, Inc. has a 52-week low of $77.21 and a 52-week high of $115.75. The company’s 50 day moving average price is $90.26 and its 200-day moving average price is $99.40.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Exponent had a net margin of 19.52% and a return on equity of 27.27%. During the same period in the prior year, the company posted $0.41 EPS. Analysts forecast that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.20 annualized dividend and a dividend yield of 1.42%. This is a positive change from Exponent’s previous quarterly dividend of $0.28. Exponent’s payout ratio is currently 52.83%.

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.