Everhart Financial Group Inc. Buys New Position in Exponent, Inc. (NASDAQ:EXPO)

Everhart Financial Group Inc. bought a new stake in Exponent, Inc. (NASDAQ:EXPO) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,529 shares of the business services provider’s stock, valued at approximately $205,000.

Other large investors have also recently made changes to their positions in the company. Private Trust Co. NA boosted its position in shares of Exponent by 129.8% in the 4th quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 157 shares during the period. Atala Financial Inc acquired a new stake in shares of Exponent in the 4th quarter valued at about $25,000. Whipplewood Advisors LLC boosted its position in shares of Exponent by 5,333.3% in the 1st quarter. Whipplewood Advisors LLC now owns 326 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 320 shares during the period. Tortoise Investment Management LLC boosted its position in shares of Exponent by 76.7% in the 4th quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 191 shares during the period. Finally, Brown Brothers Harriman & Co. purchased a new stake in Exponent during the 4th quarter valued at approximately $50,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Exponent

In other news, VP Bradley A. James sold 2,694 shares of the firm’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $79.52, for a total transaction of $214,226.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Joseph Rakow sold 1,573 shares of the firm’s stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $77.72, for a total value of $122,253.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,267 shares of company stock worth $489,120. 2.10% of the stock is owned by insiders.

Exponent Stock Down 0.7%

EXPO opened at $75.10 on Friday. The business has a 50 day moving average price of $77.93 and a two-hundred day moving average price of $84.73. The company has a market cap of $3.81 billion, a PE ratio of 35.42 and a beta of 0.92. Exponent, Inc. has a 52 week low of $73.37 and a 52 week high of $115.75.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Thursday, May 1st. The business services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $137.44 million during the quarter, compared to the consensus estimate of $134.63 million. Exponent had a return on equity of 27.27% and a net margin of 19.52%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. As a group, sell-side analysts expect that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Exponent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, June 6th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Friday, June 6th. Exponent’s dividend payout ratio (DPR) is presently 58.54%.

Exponent Company 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.