ValuEngine upgraded shares of Exponent (NASDAQ:EXPO) from a sell rating to a hold rating in a research note released on Thursday morning.

EXPO has been the topic of several other reports. BidaskClub upgraded shares of Exponent from a buy rating to a strong-buy rating in a research report on Friday, September 7th. Zacks Investment Research upgraded shares of Exponent from a hold rating to a buy rating and set a $55.00 price target on the stock in a research report on Monday, October 22nd. Finally, Berenberg Bank started coverage on shares of Exponent in a research report on Wednesday, September 12th. They issued a buy rating on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Buy and an average price target of $45.00.

NASDAQ EXPO opened at $49.81 on Thursday. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 41.51 and a beta of 0.61. Exponent has a 52-week low of $34.90 and a 52-week high of $54.58.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Thursday, October 18th. The business services provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.03. The company had revenue of $88.71 million for the quarter, compared to analyst estimates of $88.52 million. Exponent had a net margin of 13.98% and a return on equity of 20.92%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.27 EPS. Sell-side analysts predict that Exponent will post 1.33 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be given a dividend of $0.13 per share. The ex-dividend date is Thursday, December 6th. This represents a $0.52 annualized dividend and a dividend yield of 1.04%. Exponent’s dividend payout ratio (DPR) is currently 48.60%.

In other news, insider Harri Kytomaa sold 7,000 shares of Exponent stock in a transaction dated Friday, October 26th. The shares were sold at an average price of $49.00, for a total transaction of $343,000.00. Following the sale, the insider now directly owns 13,090 shares in the company, valued at approximately $641,410. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. WINTON GROUP Ltd boosted its position in shares of Exponent by 1,245.0% during the 2nd quarter. WINTON GROUP Ltd now owns 244,786 shares of the business services provider’s stock valued at $11,823,000 after acquiring an additional 226,586 shares in the last quarter. KBC Group NV acquired a new stake in shares of Exponent during the 2nd quarter valued at about $150,000. Dimensional Fund Advisors LP boosted its position in shares of Exponent by 88.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,736,818 shares of the business services provider’s stock valued at $83,890,000 after acquiring an additional 814,572 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Exponent by 91.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,022,703 shares of the business services provider’s stock valued at $49,397,000 after acquiring an additional 488,689 shares in the last quarter. Finally, Fort L.P. acquired a new stake in shares of Exponent during the 2nd quarter valued at about $117,000. Institutional investors and hedge funds own 88.13% of the company’s stock.

About Exponent

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.

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