Yousif Capital Management LLC Has $1.28 Million Stake in Exponent, Inc. $EXPO

Yousif Capital Management LLC lowered its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 1.8% in the second quarter, Holdings Channel.com reports. The firm owned 17,139 shares of the business services provider’s stock after selling 306 shares during the period. Yousif Capital Management LLC’s holdings in Exponent were worth $1,280,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in EXPO. State of Alaska Department of Revenue boosted its stake in Exponent by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 5,946 shares of the business services provider’s stock valued at $481,000 after purchasing an additional 155 shares during the last quarter. AssuredPartners Investment Advisors LLC boosted its stake in Exponent by 9.2% during the 1st quarter. AssuredPartners Investment Advisors LLC now owns 4,677 shares of the business services provider’s stock valued at $379,000 after purchasing an additional 393 shares during the last quarter. Bessemer Group Inc. boosted its stake in Exponent by 103.3% during the 1st quarter. Bessemer Group Inc. now owns 681 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 346 shares during the last quarter. DAVENPORT & Co LLC acquired a new position in Exponent during the 1st quarter valued at about $205,000. Finally, Principal Financial Group Inc. boosted its stake in Exponent by 1.0% during the 1st quarter. Principal Financial Group Inc. now owns 133,498 shares of the business services provider’s stock valued at $10,821,000 after purchasing an additional 1,297 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Insider Buying and Selling

In related news, CEO Catherine Corrigan sold 4,930 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $66.82, for a total value of $329,422.60. Following the transaction, the chief executive officer owned 82,753 shares in the company, valued at approximately $5,529,555.46. This represents a 5.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Joseph Sala sold 1,595 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $70.64, for a total value of $112,670.80. The disclosure for this sale can be found here. Insiders sold a total of 16,326 shares of company stock worth $1,133,059 in the last ninety days. 1.60% of the stock is currently owned by insiders.

Exponent Stock Up 2.3%

Exponent stock opened at $69.06 on Tuesday. Exponent, Inc. has a 52 week low of $63.81 and a 52 week high of $112.75. The company’s 50 day moving average price is $69.56 and its two-hundred day moving average price is $73.66. The stock has a market cap of $3.49 billion, a P/E ratio of 34.53 and a beta of 0.91.

Exponent (NASDAQ:EXPO) last posted its earnings results on Thursday, July 31st. The business services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. Exponent had a net margin of 18.35% and a return on equity of 24.19%. The firm had revenue of $132.87 million for the quarter, compared to analysts’ expectations of $130.82 million. During the same quarter last year, the firm earned $0.57 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. Exponent’s dividend payout ratio (DPR) is currently 60.00%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Exponent in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Exponent currently has a consensus rating of “Hold”.

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.