Resona Asset Management Co. Ltd. boosted its holdings in Exponent, Inc. (NASDAQ:EXPO – Free Report) by 3.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 691,256 shares of the business services provider’s stock after acquiring an additional 23,154 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Exponent were worth $45,102,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in EXPO. Inspire Investing LLC increased its stake in Exponent by 2.6% during the fourth quarter. Inspire Investing LLC now owns 6,709 shares of the business services provider’s stock worth $466,000 after acquiring an additional 172 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Exponent by 50.4% in the 4th quarter. GAMMA Investing LLC now owns 576 shares of the business services provider’s stock valued at $40,000 after purchasing an additional 193 shares during the last quarter. Strs Ohio lifted its stake in shares of Exponent by 11.1% in the 4th quarter. Strs Ohio now owns 2,000 shares of the business services provider’s stock valued at $139,000 after purchasing an additional 200 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Exponent by 86.1% during the 4th quarter. Allworth Financial LP now owns 469 shares of the business services provider’s stock worth $33,000 after purchasing an additional 217 shares during the period. Finally, Orion Porfolio Solutions LLC grew its holdings in shares of Exponent by 2.6% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 8,525 shares of the business services provider’s stock worth $637,000 after purchasing an additional 219 shares during the period. 92.37% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts recently issued reports on EXPO shares. UBS Group restated a “neutral” rating and issued a $75.00 price objective on shares of Exponent in a report on Tuesday, June 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Exponent in a research note on Tuesday, April 21st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Exponent from $95.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $77.50.
Insider Buying and Selling at Exponent
In related news, VP Joseph Sala sold 2,066 shares of Exponent stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $56.66, for a total value of $117,059.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joseph Rakow sold 2,945 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $54.66, for a total transaction of $160,973.70. The SEC filing for this sale provides additional information. In the last three months, insiders sold 19,233 shares of company stock worth $1,119,659. 1.60% of the stock is owned by company insiders.
Exponent Stock Down 1.8%
Shares of NASDAQ EXPO opened at $60.95 on Thursday. The business’s 50 day moving average is $59.04 and its two-hundred day moving average is $66.28. Exponent, Inc. has a 52-week low of $51.91 and a 52-week high of $81.95. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 28.35 and a beta of 0.72.
Exponent (NASDAQ:EXPO – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. Exponent had a return on equity of 27.94% and a net margin of 18.07%.The business had revenue of $166.30 million during the quarter, compared to analyst estimates of $149.53 million. During the same period last year, the business posted $0.52 earnings per share. The company’s quarterly revenue was up 14.3% on a year-over-year basis. Analysts anticipate that Exponent, Inc. will post 2.28 EPS for the current fiscal year.
Exponent Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, June 5th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $1.24 annualized dividend and a dividend yield of 2.0%. Exponent’s dividend payout ratio (DPR) is presently 57.67%.
Exponent Company Profile
Exponent, Inc (NASDAQ: EXPO) is an engineering and scientific consulting firm that offers multidisciplinary analysis and advisory services to clients across a range of industries. The company’s expertise spans mechanical, materials and corrosion engineering, civil and structural engineering, electrical engineering, industrial hygiene, toxicology and health sciences, and failure analysis. Exponent provides support for product design, performance evaluation, litigation consulting, and regulatory compliance, helping manufacturers, insurers, law firms and government agencies address complex technical challenges.
Founded in 1967 in Menlo Park, California, Exponent has grown from a small failure-analysis laboratory into a global consulting practice.
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