6,517 Shares in Exponent, Inc. (NASDAQ:EXPO) Bought by FORA Capital LLC

FORA Capital LLC bought a new stake in Exponent, Inc. (NASDAQ:EXPO) in the first quarter, HoldingsChannel reports. The institutional investor bought 6,517 shares of the business services provider’s stock, valued at approximately $539,000.

Other institutional investors also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Exponent by 866.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the business services provider’s stock valued at $42,000 after purchasing an additional 459 shares in the last quarter. Janiczek Wealth Management LLC increased its holdings in Exponent by 293.7% in the first quarter. Janiczek Wealth Management LLC now owns 626 shares of the business services provider’s stock valued at $52,000 after buying an additional 467 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Exponent during the 4th quarter valued at approximately $69,000. YHB Investment Advisors Inc. purchased a new stake in shares of Exponent during the 1st quarter worth approximately $75,000. Finally, Eagle Bay Advisors LLC grew its holdings in shares of Exponent by 104.4% in the 4th quarter. Eagle Bay Advisors LLC now owns 1,308 shares of the business services provider’s stock worth $115,000 after acquiring an additional 668 shares during the period. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Exponent Stock Performance

NASDAQ EXPO traded down $0.02 during trading hours on Tuesday, reaching $94.27. The company’s stock had a trading volume of 21,691 shares, compared to its average volume of 275,752. The company’s 50-day moving average is $94.80 and its two-hundred day moving average is $87.04. Exponent, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $102.72. The stock has a market cap of $4.78 billion, a PE ratio of 47.62 and a beta of 0.65.

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

Exponent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, June 7th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.19%. Exponent’s dividend payout ratio (DPR) is 56.57%.

Analysts Set New Price Targets

Separately, Truist Financial lifted their price objective on Exponent from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Monday, April 29th.

Insider Activity

In related news, insider Eric Guyer sold 1,650 shares of Exponent stock in a transaction dated 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 sale, 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 SEC, which is available at the SEC website. In other news, VP Bradley A. James sold 3,528 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $95.00, for a total transaction of $335,160.00. Following the sale, the vice president now owns 2,030 shares in the company, valued at $192,850. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eric Guyer sold 1,650 shares of Exponent stock in a transaction on 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 sale, the insider now directly owns 1,846 shares of the company’s stock, valued at approximately $170,902.68. The disclosure for this sale can be found here. Insiders have sold 50,067 shares of company stock worth $4,734,995 over the last three months. 2.10% of the stock is currently owned by corporate 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.