International Assets Investment Management LLC Buys Shares of 69,582 Exponent, Inc. (NASDAQ:EXPO)

International Assets Investment Management LLC purchased a new position in shares of Exponent, Inc. (NASDAQ:EXPO) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,582 shares of the business services provider’s stock, valued at approximately $6,126,000. International Assets Investment Management LLC owned about 0.14% of Exponent at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of EXPO. Operose Advisors LLC purchased a new position in Exponent during the 3rd quarter worth $39,000. Signaturefd LLC lifted its position in Exponent by 157.7% in the third quarter. Signaturefd LLC now owns 915 shares of the business services provider’s stock valued at $78,000 after purchasing an additional 560 shares during the period. Covestor Ltd lifted its position in Exponent by 24.8% in the third quarter. Covestor Ltd now owns 1,474 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 293 shares during the period. Parkside Financial Bank & Trust boosted its holdings in Exponent by 10.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,468 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 140 shares in the last quarter. Finally, Quadrature Capital Ltd increased its position in Exponent by 6.7% during the 3rd quarter. Quadrature Capital Ltd now owns 2,452 shares of the business services provider’s stock worth $210,000 after purchasing an additional 155 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.

Exponent Price Performance

NASDAQ EXPO opened at $94.68 on Wednesday. The business has a 50 day moving average price of $82.08 and a 200 day moving average price of $82.07. The company has a market capitalization of $4.79 billion, a P/E ratio of 47.82 and a beta of 0.64. Exponent, Inc. has a 1-year low of $64.61 and a 1-year high of $102.72.

Exponent (NASDAQ:EXPO) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.13. The company had revenue of $137.21 million for the quarter, compared to analyst estimates of $125.98 million. Exponent had a return on equity of 28.13% and a net margin of 18.72%. Exponent’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.56 earnings per share. On average, research analysts expect that Exponent, Inc. will post 1.92 earnings per share for the current fiscal year.

Exponent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date is Friday, June 7th. Exponent’s payout ratio is currently 56.57%.

Analyst Upgrades and Downgrades

EXPO has been the subject of several recent analyst reports. Truist Financial raised their price target on Exponent from $95.00 to $100.00 and gave the company a “buy” rating in a report on Monday, April 29th. StockNews.com upgraded shares of Exponent from a “sell” rating to a “hold” rating in a research report on Monday, March 4th.

Insider Activity

In related news, insider Eric Guyer sold 1,650 shares of Exponent stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $92.58, for a total transaction of $152,757.00. Following the completion of the transaction, the insider now directly owns 1,846 shares in the company, valued at approximately $170,902.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Eric Guyer sold 1,650 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $92.58, for a total value of $152,757.00. Following the completion of the transaction, the insider now owns 1,846 shares of the company’s stock, valued at approximately $170,902.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bradley A. James sold 3,528 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $95.00, for a total transaction of $335,160.00. Following the completion of the transaction, the vice president now owns 2,030 shares in the company, valued at $192,850. The disclosure for this sale can be found here. Insiders have sold 8,558 shares of company stock worth $753,402 over the last ninety days. 2.20% of the stock is currently owned by insiders.

About Exponent

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.