US Asset Management LLC Invests $313,000 in Exponent, Inc. (NASDAQ:EXPO)

US Asset Management LLC acquired a new stake in Exponent, Inc. (NASDAQ:EXPO) in the 4th quarter, Holdings Channel reports. The fund acquired 3,554 shares of the business services provider’s stock, valued at approximately $313,000.

Other institutional investors also recently bought and sold shares of the company. Operose Advisors LLC acquired a new position in shares of Exponent in the third quarter valued at about $39,000. Signaturefd LLC boosted its position in Exponent by 157.7% in the third quarter. Signaturefd LLC now owns 915 shares of the business services provider’s stock valued at $78,000 after buying an additional 560 shares during the last quarter. Covestor Ltd increased its holdings in Exponent by 24.8% in the 3rd quarter. Covestor Ltd now owns 1,474 shares of the business services provider’s stock worth $126,000 after buying an additional 293 shares during the period. Parkside Financial Bank & Trust raised its position in Exponent by 10.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,468 shares of the business services provider’s stock worth $126,000 after buying an additional 140 shares during the last quarter. Finally, Quadrature Capital Ltd raised its holdings in shares of Exponent by 6.7% during the third quarter. Quadrature Capital Ltd now owns 2,452 shares of the business services provider’s stock worth $210,000 after purchasing an additional 155 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Exponent Stock Up 0.4 %

Shares of EXPO stock traded up $0.41 during mid-day trading on Thursday, hitting $94.46. 279,375 shares of the stock were exchanged, compared to its average volume of 310,985. Exponent, Inc. has a 52-week low of $64.61 and a 52-week high of $102.72. The company has a market cap of $4.78 billion, a PE ratio of 47.71 and a beta of 0.64. The firm has a fifty day moving average of $82.39 and a 200 day moving average of $82.15.

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

Exponent Dividend Announcement

The business also recently declared 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 presently 56.57%.

Analysts Set New Price Targets

EXPO has been the topic of several analyst reports. 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.

Insiders Place Their Bets

In other news, VP Bradley A. James sold 3,528 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $95.00, for a total transaction 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Exponent news, insider Eric Guyer sold 1,650 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 1,846 shares in the company, valued at approximately $170,902.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Bradley A. James sold 3,528 shares of the company’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $95.00, for a total transaction of $335,160.00. Following the sale, the vice president now directly owns 2,030 shares of the company’s stock, valued at approximately $192,850. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,558 shares of company stock worth $753,402. Company insiders own 2.20% of the company’s stock.

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.