HPM Partners LLC purchased a new position in Exponent, Inc. (NASDAQ:EXPO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,337 shares of the business services provider’s stock, valued at approximately $209,000.
Several other hedge funds have also bought and sold shares of EXPO. BlackRock Inc. increased its position in Exponent by 121.0% during the second quarter. BlackRock Inc. now owns 7,238,515 shares of the business services provider’s stock valued at $349,620,000 after acquiring an additional 3,963,618 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in Exponent by 111.6% during the second quarter. Conestoga Capital Advisors LLC now owns 1,989,839 shares of the business services provider’s stock valued at $96,109,000 after acquiring an additional 1,049,534 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Exponent by 88.3% during the second 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 during the last quarter. Renaissance Technologies LLC increased its position in Exponent by 88.4% during the second quarter. Renaissance Technologies LLC now owns 1,099,651 shares of the business services provider’s stock valued at $53,113,000 after acquiring an additional 515,851 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Exponent by 109.9% during the second quarter. Janus Henderson Group PLC now owns 1,062,498 shares of the business services provider’s stock valued at $51,319,000 after acquiring an additional 556,278 shares during the last quarter. Hedge funds and other institutional investors own 88.83% of the company’s stock.
EXPO has been the subject of a number of research reports. BidaskClub cut Exponent from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 30th. Zacks Investment Research upgraded Exponent from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Berenberg Bank initiated coverage on Exponent in a research report on Wednesday, September 12th. They set a “buy” rating for the company. Finally, SunTrust Banks upped their price objective on Exponent to $56.00 and gave the company a “buy” rating in a research report on Friday, July 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $34.67.
NASDAQ:EXPO traded up $0.24 during mid-day trading on Friday, hitting $48.06. 186,972 shares of the company traded hands, compared to its average volume of 194,254. Exponent, Inc. has a one year low of $34.80 and a one year high of $54.58. The firm has a market capitalization of $2.79 billion, a PE ratio of 44.92 and a beta of 0.56.
Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, July 19th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.03. Exponent had a return on equity of 20.52% and a net margin of 13.51%. The business had revenue of $95.60 million during the quarter, compared to analyst estimates of $89.42 million. During the same quarter in the previous year, the company posted $0.51 earnings per share. Exponent’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, equities analysts anticipate that Exponent, Inc. will post 1.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Friday, September 7th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.08%. The ex-dividend date was Thursday, September 6th. Exponent’s dividend payout ratio is presently 48.60%.
In other Exponent news, insider Richard Reiss sold 2,236 shares of the business’s stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $49.43, for a total transaction of $110,525.48. Following the completion of the sale, the insider now owns 4,054 shares of the company’s stock, valued at $200,389.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.70% of the company’s stock.
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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