Xponance Inc. Grows Stock Holdings in Exponent, Inc. (NASDAQ:EXPO)

Xponance Inc. lifted its holdings in Exponent, Inc. (NASDAQ:EXPO – Get Rating) by 13.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,204 shares of the business services provider’s stock after purchasing an additional 379 shares during the period. Xponance Inc.’s holdings in Exponent were worth $281,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of EXPO. First Horizon Advisors Inc. lifted its position in shares of Exponent by 332.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 419 shares of the business services provider’s stock worth $38,000 after purchasing an additional 322 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Exponent by 73.2% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 433 shares of the business services provider’s stock worth $40,000 after purchasing an additional 183 shares during the period. Eagle Bay Advisors LLC purchased a new stake in shares of Exponent in the 2nd quarter worth approximately $40,000. SRS Capital Advisors Inc. lifted its position in shares of Exponent by 66.9% in the 2nd quarter. SRS Capital Advisors Inc. now owns 574 shares of the business services provider’s stock worth $53,000 after purchasing an additional 230 shares during the period. Finally, M&T Bank Corp purchased a new stake in shares of Exponent in the 2nd quarter worth approximately $67,000. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Exponent Price Performance

Shares of EXPO stock opened at $100.03 on Wednesday. Exponent, Inc. has a 1-year low of $80.97 and a 1-year high of $112.06. The stock’s fifty day moving average price is $100.52 and its 200 day moving average price is $95.97. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 52.65 and a beta of 0.64.

Exponent (NASDAQ:EXPO – Get Rating) last announced its earnings results on Thursday, October 27th. The business services provider reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.05. Exponent had a return on equity of 27.40% and a net margin of 20.06%. The firm had revenue of $115.14 million for the quarter, compared to the consensus estimate of $114.00 million. As a group, equities research analysts anticipate that Exponent, Inc. will post 1.92 earnings per share for the current year.

Exponent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 23rd. Investors of record on Friday, December 9th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, December 8th. This represents a $0.96 annualized dividend and a yield of 0.96%. Exponent’s dividend payout ratio (DPR) is 50.53%.

Analysts Set New Price Targets

EXPO has been the subject of several research reports. William Blair reaffirmed a “market perform” rating on shares of Exponent in a research report on Tuesday, November 1st. StockNews.com initiated coverage on shares of Exponent in a research note on Wednesday, October 12th. They issued a “hold” rating for the company.

Insider Buying and Selling

In related news, VP Bradley A. James sold 575 shares of the business’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $96.21, for a total transaction of $55,320.75. Following the transaction, the vice president now directly owns 6,186 shares in the company, valued at approximately $595,155.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is owned by company insiders.

Exponent Company Profile

(Get Rating)

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.