Exponent, Inc. (NASDAQ:EXPO) Position Lessened by NewEdge Wealth LLC

NewEdge Wealth LLC trimmed its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,423 shares of the business services provider’s stock after selling 2,498 shares during the period. NewEdge Wealth LLC owned about 0.06% of Exponent worth $2,711,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Westside Investment Management Inc. bought a new position in Exponent during the third quarter valued at about $26,000. Trust Co. of Vermont bought a new position in Exponent during the fourth quarter valued at about $45,000. Anchor Investment Management LLC bought a new position in Exponent during the third quarter valued at about $64,000. Quarry LP raised its holdings in Exponent by 127.9% during the third quarter. Quarry LP now owns 604 shares of the business services provider’s stock valued at $70,000 after buying an additional 339 shares in the last quarter. Finally, Mather Group LLC. raised its holdings in Exponent by 14.9% during the fourth quarter. Mather Group LLC. now owns 1,512 shares of the business services provider’s stock valued at $135,000 after buying an additional 196 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

Insider Transactions at Exponent

In other news, VP Richard Reiss sold 1,736 shares of Exponent stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $85.93, for a total value of $149,174.48. Following the transaction, the vice president now directly owns 1,800 shares in the company, valued at approximately $154,674. The trade was a 49.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

Exponent Stock Performance

Exponent stock opened at $84.66 on Friday. The business’s 50-day simple moving average is $89.78 and its 200-day simple moving average is $98.96. The firm has a market capitalization of $4.30 billion, a PE ratio of 39.93 and a beta of 0.71. Exponent, Inc. has a 52 week low of $77.21 and a 52 week high of $115.75.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Exponent had a return on equity of 27.27% and a net margin of 19.52%. During the same period last year, the firm earned $0.41 EPS. Research analysts forecast that Exponent, Inc. will post 1.98 earnings per share for the current year.

Exponent Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be paid a $0.30 dividend. The ex-dividend date is Friday, March 7th. This is a positive change from Exponent’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.42%. Exponent’s payout ratio is presently 56.60%.

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.