Airain ltd Purchases Shares of 4,635 Exponent, Inc. (EXPO)
Airain ltd purchased a new position in Exponent, Inc. (NASDAQ:EXPO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,635 shares of the business services provider’s stock, valued at approximately $276,000.
Several other hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its stake in Exponent by 0.7% in the first quarter. State of Alaska Department of Revenue now owns 2,830 shares of the business services provider’s stock worth $168,000 after buying an additional 20 shares during the last quarter. Louisiana State Employees Retirement System increased its stake in Exponent by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the business services provider’s stock worth $619,000 after buying an additional 100 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Exponent by 0.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 43,249 shares of the business services provider’s stock worth $2,608,000 after buying an additional 126 shares during the last quarter. Suntrust Banks Inc. increased its stake in Exponent by 1.8% in the first quarter. Suntrust Banks Inc. now owns 7,652 shares of the business services provider’s stock worth $455,000 after buying an additional 136 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in Exponent by 21.8% in the first quarter. Bank of Montreal Can now owns 3,209 shares of the business services provider’s stock worth $192,000 after buying an additional 575 shares during the last quarter. 94.94% of the stock is owned by institutional investors and hedge funds.
Shares of Exponent, Inc. (EXPO) traded up 1.18% during trading on Friday, reaching $60.10. The company had a trading volume of 38,201 shares. The stock has a 50 day moving average price of $60.50 and a 200 day moving average price of $59.59. Exponent, Inc. has a 12 month low of $45.00 and a 12 month high of $64.80. The firm has a market capitalization of $1.55 billion, a PE ratio of 33.41 and a beta of 0.63.
Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Wednesday, April 19th. The business services provider reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by $0.09. The business had revenue of $80.47 million during the quarter, compared to the consensus estimate of $79.32 million. Exponent had a return on equity of 15.76% and a net margin of 15.07%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. On average, equities research analysts forecast that Exponent, Inc. will post $1.84 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date is Wednesday, June 7th. Exponent’s dividend payout ratio is presently 41.14%.
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Exponent from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Cantor Fitzgerald restated an “overweight” rating and set a $69.00 price objective (up from $64.00) on shares of Exponent in a research note on Saturday, April 22nd.
Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.
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