Net Worth Advisory Group Takes Position in Exponent, Inc. (NASDAQ:EXPO)

Net Worth Advisory Group acquired a new position in Exponent, Inc. (NASDAQ:EXPO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,519 shares of the business services provider’s stock, valued at approximately $406,000.

Several other institutional investors have also added to or reduced their stakes in EXPO. Quarry LP bought a new position in shares of Exponent during the 2nd quarter valued at about $25,000. GAMMA Investing LLC boosted its stake in Exponent by 67.7% during the second quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock valued at $36,000 after buying an additional 153 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Exponent by 866.0% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the business services provider’s stock valued at $42,000 after buying an additional 459 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Exponent by 166.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider’s stock worth $49,000 after acquiring an additional 323 shares during the last quarter. Finally, Janiczek Wealth Management LLC raised its holdings in shares of Exponent by 293.7% during the 1st quarter. Janiczek Wealth Management LLC now owns 626 shares of the business services provider’s stock worth $52,000 after acquiring an additional 467 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

Exponent Stock Performance

Exponent stock opened at $112.90 on Friday. Exponent, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $115.75. The company has a market capitalization of $5.72 billion, a PE ratio of 57.02 and a beta of 0.66. The company has a 50 day moving average price of $108.81 and a 200-day moving average price of $99.26.

Exponent (NASDAQ:EXPO) last issued its earnings results on Thursday, July 25th. The business services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. Exponent had a return on equity of 28.39% and a net margin of 19.35%. The business had revenue of $132.43 million during the quarter, compared to analyst estimates of $130.83 million. During the same period in the previous year, the company posted $0.50 EPS. Exponent’s revenue was up 2.1% on a year-over-year basis. On average, analysts forecast that Exponent, Inc. will post 2.04 earnings per share for the current year.

Exponent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, September 6th. Exponent’s payout ratio is 56.57%.

Insider Buying and Selling

In other news, VP John Pye sold 3,956 shares of Exponent stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $105.00, for a total transaction of $415,380.00. Following the completion of the sale, the vice president now directly owns 28,422 shares in the company, valued at approximately $2,984,310. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Truist Financial reissued a “buy” rating and issued a $120.00 target price (up from $100.00) on shares of Exponent in a report on Friday, July 26th.

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.