Net Worth Advisory Group Makes New Investment in Exponent, Inc. (NASDAQ:EXPO)

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

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Exponent by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 4,995,605 shares of the business services provider’s stock valued at $439,813,000 after purchasing an additional 19,795 shares during the last quarter. Quadrature Capital Ltd increased its holdings in Exponent by 56.9% in the 4th quarter. Quadrature Capital Ltd now owns 3,847 shares of the business services provider’s stock worth $339,000 after acquiring an additional 1,395 shares during the last quarter. HighPoint Advisor Group LLC bought a new stake in Exponent in the 4th quarter valued at about $262,000. Janiczek Wealth Management LLC lifted its holdings in Exponent by 293.7% during the first quarter. Janiczek Wealth Management LLC now owns 626 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 467 shares during the last quarter. Finally, State of Michigan Retirement System boosted its position in Exponent by 2.5% during the first quarter. State of Michigan Retirement System now owns 12,400 shares of the business services provider’s stock worth $1,025,000 after purchasing an additional 300 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

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

Exponent Price Performance

Shares of EXPO opened at $112.90 on Friday. Exponent, Inc. has a 1 year low of $64.61 and a 1 year high of $115.75. The stock has a 50 day simple moving average of $108.81 and a two-hundred day simple moving average of $99.26. The firm has a market cap of $5.72 billion, a P/E ratio of 57.02 and a beta of 0.66.

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

Exponent Dividend Announcement

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

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.