TimesSquare Capital Management LLC Has $41.35 Million Holdings in Exponent, Inc. (NASDAQ:EXPO)

TimesSquare Capital Management LLC raised its stake in Exponent, Inc. (NASDAQ:EXPO) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 469,715 shares of the business services provider’s stock after buying an additional 20,065 shares during the quarter. TimesSquare Capital Management LLC owned 0.93% of Exponent worth $41,354,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its stake in Exponent by 8.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,595 shares of the business services provider’s stock worth $140,000 after acquiring an additional 127 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of Exponent by 6.7% in the 3rd quarter. Quadrature Capital Ltd now owns 2,452 shares of the business services provider’s stock valued at $210,000 after buying an additional 155 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Exponent by 1.7% during the third quarter. PNC Financial Services Group Inc. now owns 12,442 shares of the business services provider’s stock worth $1,065,000 after acquiring an additional 207 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Exponent by 6.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,482 shares of the business services provider’s stock valued at $298,000 after purchasing an additional 212 shares in the last quarter. Finally, Advisor Partners II LLC grew its position in shares of Exponent by 6.0% in the 3rd quarter. Advisor Partners II LLC now owns 3,771 shares of the business services provider’s stock valued at $323,000 after purchasing an additional 215 shares during the period. Institutional investors own 92.37% of the company’s stock.

Insider Buying and Selling at Exponent

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on EXPO shares. Truist Financial lifted their price target on shares of Exponent from $95.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, April 29th. StockNews.com raised shares of Exponent from a “sell” rating to a “hold” rating in a research note on Monday, March 4th.

Exponent Price Performance

Shares of EXPO traded up $0.41 during mid-day trading on Thursday, hitting $94.46. 279,375 shares of the company’s stock were exchanged, compared to its average volume of 310,985. Exponent, Inc. has a 52 week low of $64.61 and a 52 week high of $102.72. The company has a market cap of $4.78 billion, a PE ratio of 47.50 and a beta of 0.64. The company has a 50-day simple moving average of $82.39 and a 200 day simple moving average of $82.15.

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

Exponent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, June 7th. This represents a $1.12 annualized dividend and a yield of 1.19%. Exponent’s dividend payout ratio (DPR) is presently 56.57%.

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.