Geode Capital Management LLC Buys 69,099 Shares of Exponent, Inc. (NASDAQ:EXPO)

Geode Capital Management LLC grew its stake in Exponent, Inc. (NASDAQ:EXPO) by 4.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,505,652 shares of the business services provider’s stock after purchasing an additional 69,099 shares during the period. Geode Capital Management LLC owned approximately 2.97% of Exponent worth $173,597,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXPO. Quarry LP bought a new stake in Exponent in the second quarter worth $25,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Exponent by 166.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider’s stock valued at $49,000 after purchasing an additional 323 shares during the last quarter. USA Financial Formulas bought a new stake in Exponent in the third quarter worth about $60,000. GAMMA Investing LLC boosted its position in shares of Exponent by 64.6% during the third quarter. GAMMA Investing LLC now owns 624 shares of the business services provider’s stock valued at $72,000 after buying an additional 245 shares during the period. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Exponent by 70.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the business services provider’s stock valued at $83,000 after buying an additional 361 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Insider Transactions at Exponent

In other Exponent news, Director Paul R. Johnston sold 1,300 shares of Exponent stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $95.03, for a total transaction of $123,539.00. Following the completion of the sale, the director now directly owns 59,406 shares of the company’s stock, valued at $5,645,352.18. The trade was a 2.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Carol Lindstrom sold 1,039 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $96.32, for a total value of $100,076.48. Following the transaction, the director now directly owns 5,871 shares in the company, valued at $565,494.72. The trade was a 15.04 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,339 shares of company stock valued at $3,103,065. 2.10% of the stock is currently owned by company insiders.

Exponent Stock Down 1.7 %

Shares of Exponent stock opened at $93.16 on Monday. Exponent, Inc. has a 52 week low of $68.70 and a 52 week high of $115.75. The company has a market capitalization of $4.73 billion, a PE ratio of 45.00 and a beta of 0.70. The stock’s fifty day moving average is $101.86 and its two-hundred day moving average is $102.38.

Exponent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.28 dividend. The ex-dividend date is Friday, December 6th. This represents a $1.12 annualized dividend and a yield of 1.20%. Exponent’s dividend payout ratio (DPR) is 54.11%.

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.