Inspire Advisors LLC Sells 336 Shares of Exponent, Inc. (NASDAQ:EXPO)

Inspire Advisors LLC reduced its stake in Exponent, Inc. (NASDAQ:EXPO) by 4.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,279 shares of the business services provider’s stock after selling 336 shares during the period. Inspire Advisors LLC’s holdings in Exponent were worth $839,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in EXPO. Quarry LP acquired a new position in Exponent in the 2nd quarter valued at $25,000. GAMMA Investing LLC raised its stake in Exponent by 67.7% in the second quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 153 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in Exponent by 866.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the business services provider’s stock worth $42,000 after purchasing an additional 459 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in Exponent by 166.5% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider’s stock worth $49,000 after buying an additional 323 shares in the last quarter. Finally, Janiczek Wealth Management LLC increased its holdings in Exponent by 293.7% in the 1st 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 during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Insider Buying and Selling

In other Exponent news, VP John Pye sold 3,956 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $105.00, for a total value of $415,380.00. Following the sale, the vice president now owns 28,422 shares in the company, valued at $2,984,310. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Exponent Stock Performance

Shares of EXPO stock opened at $112.90 on Friday. Exponent, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $115.75. The stock’s fifty day moving average price is $108.81 and its two-hundred day moving average price is $99.13. The company has a market cap of $5.72 billion, a PE ratio of 57.02 and a beta of 0.66.

Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.07. The business had revenue of $132.43 million for the quarter, compared to analyst estimates of $130.83 million. Exponent had a return on equity of 28.39% and a net margin of 19.35%. Exponent’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. On average, equities analysts predict that Exponent, Inc. will post 2.04 EPS for the current fiscal year.

Exponent Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Friday, September 6th. Exponent’s dividend payout ratio is 56.57%.

Exponent Company Profile

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.