Exponent, Inc. (NASDAQ:EXPO) Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC grew its holdings in Exponent, Inc. (NASDAQ:EXPO) by 4.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 469,715 shares of the business services provider’s stock after buying an additional 20,065 shares during the period. TimesSquare Capital Management LLC’s holdings in Exponent were worth $41,354,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EXPO. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Exponent by 9.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,685,472 shares of the business services provider’s stock valued at $401,076,000 after purchasing an additional 408,295 shares during the period. Conestoga Capital Advisors LLC lifted its stake in Exponent by 0.3% during the 4th quarter. Conestoga Capital Advisors LLC now owns 2,451,301 shares of the business services provider’s stock valued at $215,813,000 after acquiring an additional 7,032 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Exponent by 11.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 693,259 shares of the business services provider’s stock valued at $59,343,000 after acquiring an additional 71,074 shares during the last quarter. Invesco Ltd. increased its stake in shares of Exponent by 89.4% in the third quarter. Invesco Ltd. now owns 594,343 shares of the business services provider’s stock worth $50,876,000 after acquiring an additional 280,600 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Exponent by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 477,338 shares of the business services provider’s stock worth $42,025,000 after purchasing an additional 10,398 shares during the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on EXPO shares. StockNews.com raised Exponent from a “sell” rating to a “hold” rating in a research report on Monday, March 4th. Truist Financial lifted their price target on Exponent from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, April 29th.

Exponent Trading Up 0.4 %

EXPO traded up $0.41 on Thursday, reaching $94.46. The stock had a trading volume of 279,375 shares, compared to its average volume of 310,985. The business’s 50-day moving average price is $82.39 and its two-hundred day moving average price is $82.15. Exponent, Inc. has a 12-month low of $64.61 and a 12-month high of $102.72. The company has a market cap of $4.78 billion, a P/E ratio of 47.50 and a beta of 0.64.

Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. The firm had revenue of $137.21 million for the quarter, compared to analysts’ expectations of $125.98 million. Exponent had a net margin of 18.72% and a return on equity of 28.13%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 EPS. As a group, analysts predict that Exponent, Inc. will post 1.92 earnings per share for the current year.

Exponent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Friday, June 7th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, June 7th. Exponent’s payout ratio is 56.57%.

Insider Activity

In related news, VP Bradley A. James sold 3,528 shares of the stock in a transaction 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 approximately $192,850. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, 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 sale, the vice president now owns 2,030 shares of the company’s stock, valued at $192,850. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Eric Guyer sold 1,650 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $92.58, for a total transaction of $152,757.00. Following the transaction, the insider now directly owns 1,846 shares in the company, valued at approximately $170,902.68. The disclosure for this sale can be found here. Insiders have sold a total of 8,558 shares of company stock worth $753,402 over the last quarter. 2.20% of the stock is currently owned by corporate insiders.

About Exponent

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.