LVW Advisors LLC Sells 657 Shares of Exponent, Inc. (NASDAQ:EXPO)

Posted by Defense World Staff on Mar 27th, 2023

LVW Advisors LLC lowered its position in Exponent, Inc. (NASDAQ:EXPO – Get Rating) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,629 shares of the business services provider’s stock after selling 657 shares during the period. LVW Advisors LLC’s holdings in Exponent were worth $657,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXPO. IFP Advisors Inc lifted its stake in Exponent by 152.6% in the 3rd quarter. IFP Advisors Inc now owns 245 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 148 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in Exponent in the 2nd quarter valued at about $40,000. SRS Capital Advisors Inc. raised its holdings in Exponent by 66.9% in the 2nd quarter. SRS Capital Advisors Inc. now owns 574 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 230 shares during the period. Wipfli Financial Advisors LLC bought a new position in Exponent in the 3rd quarter valued at about $56,000. Finally, Point72 Hong Kong Ltd bought a new position in Exponent in the 1st quarter valued at about $74,000. 91.32% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Exponent in a report on Thursday, March 16th. They set a “hold” rating on the stock.

Exponent Trading Up 1.2 %

Shares of EXPO opened at $92.93 on Monday. Exponent, Inc. has a 12 month low of $80.97 and a 12 month high of $112.75. The firm’s 50 day moving average is $102.79 and its 200-day moving average is $98.56. The stock has a market capitalization of $4.71 billion, a PE ratio of 47.41 and a beta of 0.65.

Exponent (NASDAQ:EXPO – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The business services provider reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $112.59 million for the quarter, compared to analyst estimates of $111.47 million. Exponent had a net margin of 19.94% and a return on equity of 30.00%. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the business posted $0.38 EPS. Equities research analysts predict that Exponent, Inc. will post 2.08 earnings per share for the current fiscal year.

Exponent Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 24th. Investors of record on Friday, March 10th were given a dividend of $0.26 per share. This is a positive change from Exponent’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, March 9th. This represents a $1.04 annualized dividend and a dividend yield of 1.12%. Exponent’s dividend payout ratio (DPR) is currently 53.06%.

Insider Buying and Selling

In related news, VP Steven J. Murray sold 1,000 shares of the stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $106.78, for a total transaction of $106,780.00. Following the sale, the vice president now owns 24,958 shares in the company, valued at approximately $2,665,015.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Exponent news, VP Steven J. Murray sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $106.78, for a total value of $106,780.00. Following the sale, the vice president now owns 24,958 shares in the company, valued at $2,665,015.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Carol Lindstrom sold 1,875 shares of the firm’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $106.59, for a total transaction of $199,856.25. Following the completion of the sale, the director now owns 4,847 shares in the company, valued at approximately $516,641.73. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,275 shares of company stock worth $455,120. Corporate insiders own 2.00% of the company’s stock.

Exponent Company Profile

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Exponent, Inc is an engineering and scientific consulting company, which engages in the provision of engineering, scientific, environmental, and health consulting services. It operates through the Engineering and Other Scientific, and Environmental and Health segments. The Engineering and Other Scientific segment includes technical consulting in different practices primarily in engineering.