Exponent, Inc. (NASDAQ:EXPO) Shares Bought by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC increased its stake in Exponent, Inc. (NASDAQ:EXPO) by 215.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,601 shares of the business services provider’s stock after acquiring an additional 6,558 shares during the period. Icon Wealth Advisors LLC’s holdings in Exponent were worth $1,107,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Quarry LP bought a new position in Exponent during the 2nd quarter valued at $25,000. GAMMA Investing LLC raised its stake in shares of Exponent by 67.7% in the 2nd quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock worth $36,000 after buying an additional 153 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Exponent by 166.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider’s stock valued at $49,000 after buying an additional 323 shares during the period. USA Financial Formulas acquired a new position in Exponent during the third quarter worth about $60,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in Exponent by 70.5% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the business services provider’s stock worth $83,000 after acquiring an additional 361 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Insider Activity at Exponent

In related news, Director Paul R. Johnston sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $95.03, for a total transaction of $123,539.00. Following the transaction, the director now directly owns 59,406 shares of the company’s stock, valued at approximately $5,645,352.18. The trade was a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Carol Lindstrom sold 1,039 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $96.32, for a total transaction of $100,076.48. Following the completion of the sale, the director now owns 5,871 shares of the company’s stock, valued at approximately $565,494.72. The trade was a 15.04 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,339 shares of company stock valued at $3,103,065. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

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

Exponent Stock Up 2.3 %

Shares of NASDAQ:EXPO opened at $98.04 on Friday. The company’s fifty day moving average is $106.31 and its two-hundred day moving average is $102.07. The company has a market cap of $4.98 billion, a P/E ratio of 47.36 and a beta of 0.69. Exponent, Inc. has a 12-month low of $68.70 and a 12-month high of $115.75.

Exponent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.14%. The ex-dividend date is Friday, December 6th. Exponent’s payout ratio is 54.11%.

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.