Exponent, Inc. (NASDAQ:EXPO) Shares Bought by Norden Group LLC

Norden Group LLC boosted its holdings in Exponent, Inc. (NASDAQ:EXPO) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,850 shares of the business services provider’s stock after acquiring an additional 500 shares during the quarter. Norden Group LLC’s holdings in Exponent were worth $339,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of EXPO. Van ECK Associates Corp lifted its holdings in shares of Exponent by 35.5% during the fourth quarter. Van ECK Associates Corp now owns 17,247 shares of the business services provider’s stock valued at $1,518,000 after purchasing an additional 4,521 shares during the last quarter. Capital Investment Counsel Inc purchased a new position in Exponent during the 4th quarter valued at about $409,000. Alliance Wealth Advisors LLC UT increased its stake in Exponent by 5.4% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 4,896 shares of the business services provider’s stock valued at $431,000 after buying an additional 253 shares during the period. Semanteon Capital Management LP purchased a new position in Exponent in the fourth quarter valued at about $1,213,000. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of Exponent by 16.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 32,725 shares of the business services provider’s stock worth $2,881,000 after purchasing an additional 4,714 shares in the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Exponent

In related news, insider Eric Guyer sold 3,367 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $78.49, for a total value of $264,275.83. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 2.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. StockNews.com upgraded shares of Exponent from a “sell” rating to a “hold” rating in a report on Monday, March 4th. Truist Financial upped their price objective on shares of Exponent from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Monday.

Exponent Price Performance

Shares of Exponent stock opened at $91.85 on Thursday. The company’s fifty day moving average price is $80.53 and its two-hundred day moving average price is $81.88. The firm has a market capitalization of $4.65 billion, a PE ratio of 46.39 and a beta of 0.64. Exponent, Inc. has a 52-week low of $64.61 and a 52-week high of $102.72.

Exponent (NASDAQ:EXPO) last posted its earnings results on Thursday, April 25th. The business services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.13. The business 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 earnings per share. Analysts predict that Exponent, Inc. will post 1.92 earnings per share for the current fiscal year.

Exponent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.12 annualized dividend and a dividend yield of 1.22%. Exponent’s dividend payout ratio is currently 56.57%.

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.