State of Alaska Department of Revenue raised its stake in Exponent, Inc. (NASDAQ:EXPO – Get Rating) by 8.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,209 shares of the business services provider's stock after purchasing an additional 2,890 shares during the quarter. State of Alaska Department of Revenue owned about 0.08% of Exponent worth $3,586,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in shares of Exponent by 1.0% during the first quarter. Bank of America Corp DE now owns 227,519 shares of the business services provider's stock worth $24,584,000 after acquiring an additional 2,247 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Exponent by 111.0% during the first quarter. EverSource Wealth Advisors LLC now owns 4,078 shares of the business services provider's stock worth $441,000 after acquiring an additional 2,145 shares during the last quarter. Roffman Miller Associates Inc. PA increased its position in shares of Exponent by 1.0% during the first quarter. Roffman Miller Associates Inc. PA now owns 318,821 shares of the business services provider's stock worth $34,449,000 after acquiring an additional 3,300 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Exponent during the first quarter worth about $74,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of Exponent during the first quarter worth about $326,000. 90.41% of the stock is owned by hedge funds and other institutional investors.
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Exponent Stock Performance
Shares of NASDAQ EXPO opened at $89.61 on Thursday. Exponent, Inc. has a 1 year low of $80.97 and a 1 year high of $127.61. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 47.41 and a beta of 0.59. The stock's 50-day simple moving average is $96.11 and its 200-day simple moving average is $95.55.
Exponent (NASDAQ:EXPO – Get Rating) last announced its earnings results on Thursday, July 28th. The business services provider reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.05. Exponent had a return on equity of 25.93% and a net
margin of 20.53%. The business had revenue of $130.28 million for the quarter, compared to analyst estimates of $118.53 million. During the same period in the previous year, the company earned $0.48 earnings per share. The company's revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, research analysts predict that Exponent, Inc. will post 1.85 EPS for the current year.
Exponent Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $0.96 dividend on an annualized basis and a yield of 1.07%. Exponent's dividend payout ratio (DPR) is 50.79%.
Insider Buying and Selling
In related news, VP Richard Reiss sold 2,509 shares of Exponent stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $101.92, for a total value of $255,717.28. Following the completion of the transaction, the vice president now directly owns 6,329 shares in the company, valued at $645,051.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Sally Shepard sold 3,234 shares of Exponent stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $100.00, for a total value of $323,400.00. Following the completion of the transaction, the insider now directly owns 21,002 shares in the company, valued at $2,100,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Richard Reiss sold 2,509 shares of Exponent stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $101.92, for a total value of $255,717.28. Following the completion of the transaction, the vice president now owns 6,329 shares of the company's stock, valued at $645,051.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,743 shares of company stock worth $1,173,117. Corporate insiders own 2.00% of the company's stock.
Exponent Company Profile
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Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. It 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.
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