Hillsdale Investment Management Inc. raised its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 6.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,600 shares of the business services provider’s stock after acquiring an additional 3,500 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Exponent were worth $3,197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also modified their holdings of the company. Bremer Bank National Association bought a new stake in shares of Exponent during the 1st quarter valued at $55,000. Quadrant Capital Group LLC increased its holdings in Exponent by 961.2% in the 1st quarter. Quadrant Capital Group LLC now owns 1,040 shares of the business services provider’s stock valued at $57,000 after acquiring an additional 942 shares during the last quarter. Ellis Investment Partners LLC bought a new stake in Exponent in the 1st quarter valued at $90,000. NN Investment Partners Holdings N.V. bought a new stake in Exponent in the 2nd quarter valued at $91,000. Finally, Cim LLC bought a new stake in Exponent in the 2nd quarter valued at $200,000. Institutional investors and hedge funds own 88.68% of the company’s stock.
EXPO has been the topic of a number of research reports. ValuEngine downgraded shares of Exponent from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. BidaskClub upgraded shares of Exponent from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Cantor Fitzgerald boosted their target price on shares of Exponent from $64.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Zacks Investment Research upgraded shares of Exponent from a “hold” rating to a “strong-buy” rating and set a $76.00 target price on the stock in a report on Monday, July 22nd. Finally, SunTrust Banks set a $70.00 target price on shares of Exponent and gave the stock a “buy” rating in a report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Exponent has an average rating of “Buy” and an average target price of $73.00.
Shares of EXPO stock traded up $1.34 during trading hours on Friday, reaching $71.39. 303,200 shares of the stock were exchanged, compared to its average volume of 241,857. Exponent, Inc. has a 12-month low of $44.44 and a 12-month high of $71.54. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.05. The company’s 50-day moving average price is $64.63 and its 200-day moving average price is $58.43. The firm has a market capitalization of $3.60 billion, a price-to-earnings ratio of 57.11 and a beta of 0.43.
Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, July 18th. The business services provider reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. Exponent had a net margin of 19.64% and a return on equity of 23.44%. The firm had revenue of $106.50 million during the quarter, compared to analysts’ expectations of $95.77 million. During the same period in the previous year, the company earned $0.34 EPS. The firm’s revenue for the quarter was up 11.4% compared to the same quarter last year. On average, sell-side analysts expect that Exponent, Inc. will post 1.47 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.90%. Exponent’s dividend payout ratio is presently 51.20%.
In related news, insider Harri Kytomaa sold 2,000 shares of Exponent stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $70.09, for a total transaction of $140,180.00. Following the completion of the transaction, the insider now directly owns 9,399 shares of the company’s stock, valued at approximately $658,775.91. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John Pye sold 3,000 shares of Exponent stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $70.31, for a total transaction of $210,930.00. Following the transaction, the insider now directly owns 25,747 shares of the company’s stock, valued at $1,810,271.57. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
Exponent Company Profile
Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.
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