Exponent, Inc. (NASDAQ:EXPO) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 197.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,521 shares of the business services provider’s stock after buying an additional 2,336 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Exponent were worth $314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Trust Co. NA increased its position in shares of Exponent by 129.8% in the 4th quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock worth $25,000 after purchasing an additional 157 shares during the last quarter. Atala Financial Inc bought a new stake in Exponent in the fourth quarter valued at about $25,000. Tortoise Investment Management LLC raised its stake in Exponent by 76.7% during the fourth quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider’s stock valued at $39,000 after buying an additional 191 shares in the last quarter. Trust Co. of Vermont bought a new position in Exponent during the 4th quarter worth approximately $45,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Exponent in the 3rd quarter valued at approximately $64,000. Institutional investors own 92.37% of the company’s stock.

Exponent Price Performance

Exponent stock opened at $76.78 on Friday. The company has a market cap of $3.90 billion, a PE ratio of 36.22 and a beta of 0.84. Exponent, Inc. has a 12 month low of $73.37 and a 12 month high of $115.75. The company has a fifty day moving average price of $80.59 and a two-hundred day moving average price of $89.84.

Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Exponent had a return on equity of 27.27% and a net margin of 19.52%. The business had revenue of $137.44 million during the quarter, compared to analyst estimates of $134.63 million. During the same quarter in the previous year, the firm posted $0.59 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts anticipate that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, June 6th. Exponent’s dividend payout ratio (DPR) is 56.60%.

Insiders Place Their Bets

In other Exponent news, VP Richard Reiss sold 1,736 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $85.93, for a total transaction of $149,174.48. Following the transaction, the vice president now owns 1,800 shares of the company’s stock, valued at approximately $154,674. This trade represents a 49.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is currently owned by insiders.

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.