Exponent, Inc. (NASDAQ:EXPO) Stock Position Lowered by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 0.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 259,623 shares of the business services provider’s stock after selling 1,384 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.51% of Exponent worth $21,468,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of EXPO. Norges Bank acquired a new position in Exponent during the fourth quarter valued at $45,786,000. Bamco Inc. NY purchased a new position in Exponent in the first quarter valued at about $25,904,000. Vanguard Group Inc. grew its stake in Exponent by 5.8% in the first quarter. Vanguard Group Inc. now owns 5,286,652 shares of the business services provider’s stock valued at $437,153,000 after purchasing an additional 291,047 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in Exponent by 9.6% in the first quarter. Conestoga Capital Advisors LLC now owns 2,687,351 shares of the business services provider’s stock valued at $222,217,000 after purchasing an additional 236,050 shares in the last quarter. Finally, Geneva Capital Management LLC grew its stake in Exponent by 10.4% in the fourth quarter. Geneva Capital Management LLC now owns 1,558,189 shares of the business services provider’s stock valued at $137,183,000 after purchasing an additional 146,778 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Exponent news, VP Bradley A. James sold 3,528 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $95.00, for a total value of $335,160.00. Following the completion of the transaction, the vice president now owns 2,030 shares of the company’s stock, valued at approximately $192,850. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Exponent news, insider Eric Guyer sold 1,650 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $92.58, for a total value of $152,757.00. Following the completion of the transaction, the insider now owns 1,846 shares of the company’s stock, valued at approximately $170,902.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Bradley A. James sold 3,528 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $95.00, for a total value of $335,160.00. Following the completion of the transaction, the vice president now directly owns 2,030 shares of the company’s stock, valued at $192,850. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,067 shares of company stock valued at $4,734,995. Insiders own 2.10% of the company’s stock.

Exponent Trading Down 0.1 %

NASDAQ EXPO traded down $0.09 on Monday, reaching $105.36. The stock had a trading volume of 113,530 shares, compared to its average volume of 270,005. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 53.26 and a beta of 0.65. The business has a 50 day moving average price of $97.16 and a 200 day moving average price of $88.42. Exponent, Inc. has a 1 year low of $64.61 and a 1 year high of $108.00.

Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. The company had revenue of $132.43 million during the quarter, compared to the consensus estimate of $130.83 million. Exponent had a return on equity of 28.39% and a net margin of 19.35%. The firm’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 EPS. On average, analysts anticipate that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.

Exponent Dividend Announcement

The firm 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 dividend of $0.28 per share. The ex-dividend date is Friday, September 6th. This represents a $1.12 annualized dividend and a dividend yield of 1.06%. Exponent’s dividend payout ratio is presently 56.57%.

Analysts Set New Price Targets

Separately, Truist Financial restated a “buy” rating and issued a $120.00 target price (up previously from $100.00) on shares of Exponent in a research note on Friday.

Exponent 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.