Exponent, Inc. (NASDAQ:EXPO) Stake Raised by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its holdings in shares of Exponent, Inc. (NASDAQ:EXPOGet Rating) by 8.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,209 shares of the business services provider’s stock after buying an additional 2,890 shares during the period. State of Alaska Department of Revenue’s holdings in Exponent were worth $3,586,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Core Alternative Capital bought a new stake in shares of Exponent during the first quarter valued at approximately $25,000. Allworth Financial LP raised its holdings in Exponent by 120.1% during the first quarter. Allworth Financial LP now owns 328 shares of the business services provider’s stock worth $35,000 after purchasing an additional 179 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Exponent by 94.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 367 shares of the business services provider’s stock worth $40,000 after purchasing an additional 178 shares in the last quarter. Fieldpoint Private Securities LLC raised its holdings in Exponent by 34.4% during the first quarter. Fieldpoint Private Securities LLC now owns 465 shares of the business services provider’s stock worth $50,000 after purchasing an additional 119 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its holdings in Exponent by 154.6% during the first quarter. Quadrant Capital Group LLC now owns 527 shares of the business services provider’s stock worth $57,000 after purchasing an additional 320 shares in the last quarter. Institutional investors own 90.41% of the company’s stock.

Exponent Price Performance

Shares of NASDAQ:EXPO opened at $89.61 on Thursday. Exponent, Inc. has a 12 month low of $80.97 and a 12 month high of $127.61. The stock 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 moving average price is $96.11 and its 200 day moving average price is $95.55.

Exponent (NASDAQ:EXPOGet Rating) last announced its earnings results on Thursday, July 28th. The business services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.44 by $0.05. Exponent had a return on equity of 25.93% and a net margin of 20.53%. The firm had revenue of $130.28 million for the quarter, compared to analysts’ expectations of $118.53 million. During the same quarter in the previous year, the company earned $0.48 earnings per share. The firm’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts expect that Exponent, Inc. will post 1.85 EPS for the current year.

Exponent Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $0.96 annualized dividend and a yield of 1.07%. Exponent’s payout ratio is 50.79%.

Insider Buying and Selling

In other Exponent news, VP Maureen T. F. Reitman sold 3,000 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $98.90, for a total value of $296,700.00. Following the transaction, the vice president now owns 29,444 shares of the company’s stock, valued at $2,912,011.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Maureen T. F. Reitman sold 3,000 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $98.90, for a total value of $296,700.00. Following the completion of the transaction, the vice president now owns 29,444 shares in the company, valued at approximately $2,912,011.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Sally Shepard sold 3,234 shares of the stock in a transaction on Friday, August 12th. The shares were 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 owns 21,002 shares of the company’s stock, valued at approximately $2,100,200. The disclosure for this sale can be found here. Insiders have sold a total of 11,743 shares of company stock valued at $1,173,117 over the last quarter. Corporate insiders own 2.00% of the company’s stock.

Exponent 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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Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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