Sterling Capital Management LLC Buys 6,922 Shares of Exponent, Inc. (NASDAQ:EXPO)

Sterling Capital Management LLC raised its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 46.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,751 shares of the business services provider’s stock after purchasing an additional 6,922 shares during the period. Sterling Capital Management LLC’s holdings in Exponent were worth $1,273,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings in shares of Exponent by 787.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 612 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 543 shares during the last quarter. Bremer Bank National Association bought a new position in shares of Exponent in the 1st quarter valued at about $55,000. NN Investment Partners Holdings N.V. bought a new position in shares of Exponent in the 2nd quarter valued at about $91,000. Cim LLC bought a new position in shares of Exponent in the 2nd quarter valued at about $200,000. Finally, Coldstream Capital Management Inc. bought a new position in shares of Exponent in the 1st quarter valued at about $210,000. 88.08% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:EXPO traded down $0.62 during trading on Friday, reaching $70.95. The company’s stock had a trading volume of 4,066 shares, compared to its average volume of 228,126. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.05. Exponent, Inc. has a 12 month low of $44.44 and a 12 month high of $72.70. The firm’s 50 day simple moving average is $69.89 and its two-hundred day simple moving average is $61.03. The stock has a market capitalization of $3.72 billion, a PE ratio of 56.30 and a beta of 0.43.



Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.06. Exponent had a net margin of 19.64% and a return on equity of 23.44%. The company had revenue of $106.50 million for the quarter, compared to analyst estimates of $95.77 million. During the same period in the prior year, the company posted $0.34 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. Research analysts anticipate that Exponent, Inc. will post 1.47 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, September 5th. Exponent’s dividend payout ratio (DPR) is currently 51.20%.

In related news, insider Harri Kytomaa sold 2,000 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $70.09, for a total value of $140,180.00. Following the sale, the insider now directly owns 9,399 shares of the company’s stock, valued at approximately $658,775.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Richard L. Schlenker, Jr. sold 75,530 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $70.26, for a total transaction of $5,306,737.80. Following the completion of the sale, the chief financial officer now directly owns 251,805 shares in the company, valued at $17,691,819.30. The disclosure for this sale can be found here. Insiders sold a total of 102,773 shares of company stock worth $7,227,536 over the last three months. 2.30% of the stock is currently owned by corporate insiders.

EXPO has been the subject of a number of analyst reports. SunTrust Banks increased their price target on shares of Exponent from $70.00 to $81.00 and gave the company a “buy” rating in a report on Friday. BidaskClub raised shares of Exponent from a “hold” rating to a “buy” rating in a report on Friday. ValuEngine raised shares of Exponent from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Cantor Fitzgerald increased their price target on shares of Exponent from $64.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, DA Davidson initiated coverage on shares of Exponent in a report on Wednesday, August 28th. They issued a “neutral” rating for the company. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $76.67.

Exponent Company Profile

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.

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Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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