Exponent Inc. (EXPO) Stake Boosted by Teacher Retirement System of Texas
Teacher Retirement System of Texas increased its position in Exponent Inc. (NASDAQ:EXPO) by 147.0% during the second quarter, Holdings Channel reports. The institutional investor owned 7,826 shares of the company’s stock after buying an additional 4,658 shares during the period. Teacher Retirement System of Texas’ holdings in Exponent were worth $457,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of EXPO. BlackRock Institutional Trust Company N.A. increased its position in Exponent by 0.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 644,090 shares of the company’s stock worth $32,855,000 after buying an additional 3,931 shares in the last quarter. BlackRock Inc. increased its position in Exponent by 18.4% in the first quarter. BlackRock Inc. now owns 6,498 shares of the company’s stock worth $332,000 after buying an additional 1,008 shares in the last quarter. BlackRock Group LTD increased its position in Exponent by 6.8% in the first quarter. BlackRock Group LTD now owns 37,744 shares of the company’s stock worth $1,925,000 after buying an additional 2,419 shares in the last quarter. GW&K Investment Management LLC increased its position in Exponent by 17.2% in the second quarter. GW&K Investment Management LLC now owns 316,076 shares of the company’s stock worth $18,462,000 after buying an additional 46,418 shares in the last quarter. Finally, California Public Employees Retirement System increased its position in Exponent by 2.1% in the second quarter. California Public Employees Retirement System now owns 107,800 shares of the company’s stock worth $6,297,000 after buying an additional 2,200 shares in the last quarter. 91.46% of the stock is currently owned by institutional investors.
Exponent Inc. (NASDAQ:EXPO) traded down 0.83% during midday trading on Friday, reaching $50.38. 8,063 shares of the company were exchanged. Exponent Inc. has a one year low of $44.82 and a one year high of $59.71. The firm’s 50-day moving average is $50.20 and its 200-day moving average is $51.93. The firm has a market cap of $1.31 billion, a P/E ratio of 28.79 and a beta of 0.85.
Exponent (NASDAQ:EXPO) last released its earnings results on Tuesday, July 19th. The company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.05. The firm earned $77.30 million during the quarter, compared to analysts’ expectations of $80.46 million. Exponent had a return on equity of 16.02% and a net margin of 15.13%. On average, equities analysts expect that Exponent Inc. will post $1.59 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 2nd were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Wednesday, August 31st. Exponent’s dividend payout ratio (DPR) is currently 41.62%.
A number of equities analysts have recently commented on EXPO shares. Zacks Investment Research downgraded shares of Exponent from a “hold” rating to a “strong sell” rating in a research note on Friday, July 22nd. Avondale Partners started coverage on shares of Exponent in a research note on Thursday, July 7th. They issued a “market perform” rating and a $60.00 target price on the stock. Finally, Cantor Fitzgerald started coverage on shares of Exponent in a research note on Friday, August 26th. They issued a “buy” rating and a $57.00 target price on the stock.
In other news, CEO Paul R. Johnston sold 5,500 shares of Exponent stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $59.27, for a total value of $325,985.00. Following the transaction, the chief executive officer now directly owns 58,958 shares of the company’s stock, valued at $3,494,440.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul Boehm sold 5,000 shares of Exponent stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $52.18, for a total transaction of $260,900.00. Following the completion of the transaction, the insider now directly owns 24,045 shares in the company, valued at $1,254,668.10. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by insiders.
Exponent, Inc, along with its subsidiaries, is a science and engineering consulting company. The Company operates through two segments: Engineering and Other Scientific, and Environmental and Health. Its Engineering and Other Scientific segment includes biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, electrical engineering and computer science, engineering management consulting, human factors, industrial structures, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, technology development, thermal sciences and vehicle analysis services.
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