Exponent, Inc. $EXPO Shares Purchased by Inspire Investing LLC

Inspire Investing LLC increased its stake in shares of Exponent, Inc. (NASDAQ:EXPOFree Report) by 23.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,230 shares of the business services provider’s stock after purchasing an additional 1,004 shares during the period. Inspire Investing LLC’s holdings in Exponent were worth $391,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Brooklyn Investment Group raised its holdings in Exponent by 10,200.0% in the 1st quarter. Brooklyn Investment Group now owns 309 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 306 shares during the last quarter. Bessemer Group Inc. raised its holdings in Exponent by 103.3% in the 1st quarter. Bessemer Group Inc. now owns 681 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 346 shares during the last quarter. SVB Wealth LLC acquired a new stake in Exponent in the 1st quarter valued at about $80,000. Caitong International Asset Management Co. Ltd raised its holdings in Exponent by 8,092.9% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,147 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 1,133 shares during the last quarter. Finally, Covestor Ltd raised its holdings in Exponent by 43.7% in the 1st quarter. Covestor Ltd now owns 1,785 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 543 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Exponent Price Performance

Exponent stock opened at $66.93 on Wednesday. The firm has a 50 day simple moving average of $69.78 and a 200-day simple moving average of $74.04. Exponent, Inc. has a 1-year low of $63.81 and a 1-year high of $115.75. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 33.47 and a beta of 0.91.

Exponent (NASDAQ:EXPOGet Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $0.52 earnings per share for the quarter, beating 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 business had revenue of $132.87 million during the quarter, compared to analysts’ expectations of $130.82 million. During the same quarter in the prior year, the company posted $0.57 EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. Equities analysts expect that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.

Exponent Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. Exponent’s dividend payout ratio is 60.00%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Exponent in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Exponent has an average rating of “Hold”.

Read Our Latest Stock Analysis on EXPO

Insider Activity at Exponent

In other news, CEO Catherine Corrigan sold 4,905 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $69.91, for a total value of $342,908.55. Following the completion of the sale, the chief executive officer owned 82,753 shares of the company’s stock, valued at $5,785,262.23. This represents a 5.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Joseph Sala sold 1,595 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $70.64, for a total transaction of $112,670.80. The disclosure for this sale can be found here. In the last three months, insiders sold 11,396 shares of company stock valued at $803,636. Corporate insiders own 1.60% of the company’s stock.

About Exponent

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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