Exponent, Inc. (NASDAQ:EXPO) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its position in shares of Exponent, Inc. (NASDAQ:EXPOFree Report) by 1.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,309 shares of the business services provider’s stock after acquiring an additional 908 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.12% of Exponent worth $5,162,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EXPO. American Century Companies Inc. raised its holdings in shares of Exponent by 17.2% during the first quarter. American Century Companies Inc. now owns 5,865 shares of the business services provider’s stock valued at $634,000 after acquiring an additional 859 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Exponent by 55.0% during the first quarter. MetLife Investment Management LLC now owns 27,848 shares of the business services provider’s stock valued at $3,009,000 after acquiring an additional 9,879 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Exponent by 4.3% in the first quarter. Rhumbline Advisers now owns 151,520 shares of the business services provider’s stock valued at $16,372,000 after purchasing an additional 6,235 shares during the last quarter. Raymond James Trust N.A. increased its holdings in shares of Exponent by 12.5% in the first quarter. Raymond James Trust N.A. now owns 6,573 shares of the business services provider’s stock valued at $710,000 after purchasing an additional 728 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Exponent by 21.2% in the first quarter. Sei Investments Co. now owns 69,519 shares of the business services provider’s stock valued at $7,545,000 after purchasing an additional 12,174 shares during the last quarter. Institutional investors and hedge funds own 89.31% of the company’s stock.

Insider Activity at Exponent

In related news, VP Bradley A. James sold 600 shares of Exponent stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $78.98, for a total value of $47,388.00. Following the completion of the transaction, the vice president now directly owns 6,984 shares in the company, valued at $551,596.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Exponent news, insider Eric Guyer sold 3,367 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $78.49, for a total value of $264,275.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Bradley A. James sold 600 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $78.98, for a total value of $47,388.00. Following the completion of the sale, the vice president now owns 6,984 shares in the company, valued at $551,596.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,967 shares of company stock worth $468,164. Company insiders own 2.20% of the company’s stock.

Exponent Stock Performance

Shares of Exponent stock opened at $78.72 on Tuesday. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 40.37 and a beta of 0.72. Exponent, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $108.85. The stock has a 50 day moving average of $86.29 and a 200 day moving average of $85.23.

Exponent (NASDAQ:EXPOGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). Exponent had a return on equity of 28.49% and a net margin of 18.69%. The firm had revenue of $113.87 million for the quarter, compared to analysts’ expectations of $119.11 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. The company’s quarterly revenue was up 1.1% on a year-over-year basis. Analysts forecast that Exponent, Inc. will post 1.76 EPS for the current year.

Exponent Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be issued a $0.28 dividend. The ex-dividend date is Thursday, March 7th. This is a positive change from Exponent’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.42%. Exponent’s dividend payout ratio (DPR) is 53.33%.

Analysts Set New Price Targets

EXPO has been the subject of several recent research reports. Truist Financial cut their price target on Exponent from $110.00 to $95.00 and set a “buy” rating for the company in a report on Friday, February 2nd. StockNews.com cut Exponent from a “hold” rating to a “sell” rating in a report on Friday.

Get Our Latest Stock Analysis on Exponent

Exponent Profile

(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.

See Also

Want to see what other hedge funds are holding EXPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exponent, Inc. (NASDAQ:EXPOFree Report).

Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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