PineStone Asset Management Inc. Has $10.09 Million Stock Holdings in Exponent, Inc. (NASDAQ:EXPO)

PineStone Asset Management Inc. lowered its stake in Exponent, Inc. (NASDAQ:EXPO) by 9.1% during the third quarter, Holdings Channel.com reports. The fund owned 87,500 shares of the business services provider’s stock after selling 8,800 shares during the period. PineStone Asset Management Inc.’s holdings in Exponent were worth $10,087,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Michigan Retirement System raised its position in Exponent by 2.5% during the first quarter. State of Michigan Retirement System now owns 12,400 shares of the business services provider’s stock worth $1,025,000 after acquiring an additional 300 shares in the last quarter. Norden Group LLC lifted its stake in Exponent by 108.9% in the 1st quarter. Norden Group LLC now owns 8,041 shares of the business services provider’s stock valued at $665,000 after purchasing an additional 4,191 shares during the last quarter. Van ECK Associates Corp grew its holdings in Exponent by 36.5% during the first quarter. Van ECK Associates Corp now owns 23,545 shares of the business services provider’s stock worth $1,947,000 after purchasing an additional 6,298 shares during the period. Retirement Systems of Alabama increased its position in Exponent by 0.3% during the first quarter. Retirement Systems of Alabama now owns 63,568 shares of the business services provider’s stock worth $5,256,000 after buying an additional 167 shares during the last quarter. Finally, Hardy Reed LLC bought a new stake in Exponent in the first quarter valued at approximately $328,000. Institutional investors own 92.37% of the company’s stock.

Exponent Price Performance

Shares of EXPO opened at $94.38 on Friday. The firm has a market capitalization of $4.79 billion, a PE ratio of 45.59 and a beta of 0.66. The company’s 50-day moving average is $108.56 and its 200-day moving average is $100.54. Exponent, Inc. has a fifty-two week low of $68.70 and a fifty-two week high of $115.75.

Exponent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 1.19%. Exponent’s dividend payout ratio (DPR) is presently 54.11%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reissued a “buy” rating and set a $120.00 target price (up from $100.00) on shares of Exponent in a report on Friday, July 26th.

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.