GW&K Investment Management LLC boosted its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 4.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 933,876 shares of the business services provider’s stock after purchasing an additional 35,884 shares during the quarter. Exponent makes up 0.9% of GW&K Investment Management LLC’s holdings, making the stock its 16th largest position. GW&K Investment Management LLC owned about 1.80% of Exponent worth $65,278,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. CWM LLC boosted its position in Exponent by 1,710.0% during the third quarter. CWM LLC now owns 362 shares of the business services provider’s stock worth $25,000 after purchasing an additional 342 shares in the last quarter. Quest Capital Management Inc. ADV purchased a new position in Exponent during the third quarter worth approximately $25,000. Tower Research Capital LLC TRC boosted its position in Exponent by 787.0% during the second quarter. Tower Research Capital LLC TRC now owns 612 shares of the business services provider’s stock worth $36,000 after purchasing an additional 543 shares in the last quarter. Price Capital Management Inc. purchased a new position in Exponent during the third quarter worth approximately $63,000. Finally, NN Investment Partners Holdings N.V. purchased a new position in Exponent during the second quarter worth approximately $91,000. Institutional investors own 88.00% of the company’s stock.
In related news, CFO Richard L. Schlenker, Jr. sold 22,243 shares of Exponent stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $70.57, for a total value of $1,569,688.51. Following the completion of the transaction, the chief financial officer now directly owns 247,118 shares in the company, valued at $17,439,117.26. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul R. Johnston sold 7,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $63.76, for a total value of $446,320.00. Following the completion of the sale, the director now owns 95,507 shares in the company, valued at $6,089,526.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,765 shares of company stock valued at $8,873,648. 2.30% of the stock is currently owned by company insiders.
Shares of Exponent stock traded up $0.04 during mid-day trading on Friday, reaching $62.99. 132,500 shares of the stock traded hands, compared to its average volume of 230,642. Exponent, Inc. has a fifty-two week low of $46.00 and a fifty-two week high of $72.70. The business has a 50-day moving average of $67.45 and a 200 day moving average of $63.71. The stock has a market capitalization of $3.32 billion, a PE ratio of 50.39 and a beta of 0.37. The company has a quick ratio of 3.60, a current ratio of 3.48 and a debt-to-equity ratio of 0.05.
Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, October 17th. The business services provider reported $0.36 EPS for the quarter, topping the consensus estimate of $0.34 by $0.02. The business had revenue of $101.50 million during the quarter, compared to analyst estimates of $100.17 million. Exponent had a return on equity of 23.62% and a net margin of 19.88%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business posted $0.32 earnings per share. On average, equities research analysts expect that Exponent, Inc. will post 1.5 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a $0.64 dividend on an annualized basis and a yield of 1.02%. Exponent’s dividend payout ratio (DPR) is presently 51.20%.
EXPO has been the subject of a number of research analyst reports. ValuEngine cut Exponent from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. William Blair reissued a “market perform” rating on shares of Exponent in a report on Friday, October 18th. SunTrust Banks increased their target price on Exponent from $70.00 to $81.00 and gave the company a “buy” rating in a report on Friday, September 20th. Cantor Fitzgerald increased their target price on Exponent from $64.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, Zacks Investment Research raised Exponent from a “hold” rating to a “strong-buy” rating and set a $81.00 target price for the company in a report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Exponent currently has an average rating of “Hold” and an average price target of $76.75.
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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