Strs Ohio Sells 700 Shares of Exponent, Inc. (NASDAQ:EXPO)

Strs Ohio reduced its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,000 shares of the business services provider’s stock after selling 700 shares during the quarter. Strs Ohio owned about 0.22% of Exponent worth $9,860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of EXPO. Quarry LP bought a new position in Exponent in the 2nd quarter valued at $25,000. Dark Forest Capital Management LP bought a new position in Exponent in the first quarter valued at about $45,000. Operose Advisors LLC acquired a new stake in Exponent in the third quarter worth about $39,000. Point72 Hong Kong Ltd bought a new stake in Exponent during the 1st quarter worth about $74,000. Finally, Acadian Asset Management LLC acquired a new position in Exponent during the 1st quarter valued at about $89,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Exponent Trading Down 0.5 %

EXPO stock opened at $77.73 on Thursday. The business’s 50-day moving average price is $79.31 and its two-hundred day moving average price is $82.15. Exponent, Inc. has a 1-year low of $64.61 and a 1-year high of $101.65. The firm has a market cap of $3.93 billion, a PE ratio of 39.86 and a beta of 0.68.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). Exponent had a net margin of 18.69% and a return on equity of 28.49%. The business had revenue of $113.87 million during the quarter, compared to analyst estimates of $119.11 million. During the same quarter last year, the business earned $0.44 earnings per share. Exponent’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts forecast that Exponent, Inc. will post 1.76 earnings per share for the current year.

Exponent Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a $0.28 dividend. The ex-dividend date was Thursday, March 7th. This is a boost from Exponent’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.44%. Exponent’s dividend payout ratio (DPR) is currently 57.44%.

Wall Street Analysts Forecast Growth

EXPO has been the subject of several analyst reports. StockNews.com upgraded shares of Exponent from a “sell” rating to a “hold” rating in a research report on Monday, March 4th. Truist Financial lowered their target price on shares of Exponent from $110.00 to $95.00 and set a “buy” rating for the company in a report on Friday, February 2nd.

Insider Buying and Selling

In other news, insider Eric Guyer sold 3,367 shares of Exponent stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $78.49, for a total value of $264,275.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.20% of the stock is owned by corporate insiders.

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.