Texas Permanent School Fund Corp boosted its holdings in Exponent, Inc. (NASDAQ:EXPO – Free Report) by 33.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,412 shares of the business services provider’s stock after buying an additional 11,369 shares during the period. Texas Permanent School Fund Corp owned 0.09% of Exponent worth $4,527,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Benjamin Edwards Inc. boosted its stake in Exponent by 92.1% in the 1st quarter. Benjamin Edwards Inc. now owns 465 shares of the business services provider’s stock worth $46,000 after buying an additional 223 shares during the last quarter. CI Investments Inc. lifted its stake in shares of Exponent by 24.6% in the 4th quarter. CI Investments Inc. now owns 521 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 103 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Exponent in the 4th quarter valued at about $56,000. Eagle Bay Advisors LLC lifted its stake in shares of Exponent by 81.6% in the 4th quarter. Eagle Bay Advisors LLC now owns 721 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 324 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Exponent in the 1st quarter valued at about $74,000. 88.56% of the stock is owned by institutional investors and hedge funds.
Exponent Stock Performance
Shares of NASDAQ:EXPO opened at $95.59 on Monday. The company has a market cap of $4.86 billion, a P/E ratio of 48.77 and a beta of 0.62. Exponent, Inc. has a one year low of $85.27 and a one year high of $112.75. The business’s 50-day simple moving average is $93.95 and its 200 day simple moving average is $97.59.
Exponent Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 9th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, June 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.09%. Exponent’s payout ratio is currently 53.06%.
Insider Activity at Exponent
In other Exponent news, VP Joseph Rakow sold 1,388 shares of Exponent stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $86.59, for a total transaction of $120,186.92. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Exponent news, VP Bradley A. James sold 1,500 shares of Exponent stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $89.36, for a total transaction of $134,040.00. Following the sale, the vice president now directly owns 7,584 shares in the company, valued at approximately $677,706.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joseph Rakow sold 1,388 shares of Exponent stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $86.59, for a total value of $120,186.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,729 shares of company stock worth $508,440. 2.20% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on EXPO shares. TheStreet lowered Exponent from a “b” rating to a “c+” rating in a research note on Wednesday, May 17th. StockNews.com started coverage on Exponent in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Finally, UBS Group started coverage on Exponent in a research note on Wednesday, May 31st. They issued a “neutral” rating and a $99.00 price objective on the stock.
Exponent Company Profile
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.
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