Mutual of America Capital Management LLC lifted its stake in Exponent, Inc. (NASDAQ:EXPO – Free Report) by 283.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,741 shares of the business services provider’s stock after purchasing an additional 30,128 shares during the quarter. Mutual of America Capital Management LLC owned 0.08% of Exponent worth $4,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. HighTower Advisors LLC grew its stake in shares of Exponent by 0.9% during the 4th quarter. HighTower Advisors LLC now owns 10,651 shares of the business services provider’s stock valued at $1,055,000 after purchasing an additional 94 shares during the period. CWM LLC grew its stake in shares of Exponent by 0.7% during the 4th quarter. CWM LLC now owns 14,282 shares of the business services provider’s stock valued at $1,415,000 after acquiring an additional 99 shares during the period. CI Investments Inc. grew its stake in shares of Exponent by 24.6% during the 4th quarter. CI Investments Inc. now owns 521 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 103 shares during the period. Resources Investment Advisors LLC. grew its stake in shares of Exponent by 1.4% during the 4th quarter. Resources Investment Advisors LLC. now owns 7,378 shares of the business services provider’s stock valued at $731,000 after acquiring an additional 104 shares during the period. Finally, MGO One Seven LLC grew its stake in shares of Exponent by 4.1% during the 4th quarter. MGO One Seven LLC now owns 2,861 shares of the business services provider’s stock valued at $283,000 after acquiring an additional 112 shares during the period. Hedge funds and other institutional investors own 88.56% of the company’s stock.
Insider Transactions at Exponent
In other news, VP Joseph Rakow sold 1,388 shares of the company’s 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP Bradley A. James sold 1,500 shares of the company’s 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 of the company’s stock, valued at approximately $677,706.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Joseph Rakow sold 1,388 shares of the stock in a transaction on Thursday, May 11th. The shares were 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. Insiders have sold 5,729 shares of company stock valued at $508,440 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.
Wall Street Analysts Forecast Growth
Exponent Price Performance
EXPO stock opened at $88.20 on Friday. Exponent, Inc. has a 1-year low of $85.27 and a 1-year high of $112.75. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 44.77 and a beta of 0.62. The business has a 50 day simple moving average of $94.42 and a two-hundred day simple moving average of $97.04.
Exponent (NASDAQ:EXPO – Get Free Report) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.01). The firm had revenue of $129.65 million for the quarter, compared to analysts’ expectations of $130.40 million. Exponent had a return on equity of 30.41% and a net margin of 19.03%. The firm’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. Sell-side analysts anticipate that Exponent, Inc. will post 2.05 EPS for the current fiscal year.
Exponent Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.04 annualized dividend and a dividend yield of 1.18%. Exponent’s dividend payout ratio (DPR) is 52.79%.
Exponent 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.
Featured Stories
- Five stocks we like better than Exponent
- How to Know Which Cryptocurrency to Buy: A Guide for Investors
- 3 Best Meme ETFs to Buy Now
- How to Invest in Fertilizer
- XPO Keeps Reaching New Highs: Markets Love the Stock
- How to Invest in Energy
- Starbucks Market at a Turning Point: Is a Breakout Imminent?
Receive News & Ratings for Exponent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exponent and related companies with MarketBeat.com's FREE daily email newsletter.
