Exponent, Inc. (NASDAQ:EXPO) Shares Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. grew its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 17.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 506,784 shares of the business services provider’s stock after purchasing an additional 74,605 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Exponent were worth $41,250,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of EXPO. Whipplewood Advisors LLC increased its position in shares of Exponent by 5,333.3% during 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. UMB Bank n.a. increased its position in shares of Exponent by 859.1% during the 1st quarter. UMB Bank n.a. now owns 633 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 567 shares during the period. Bessemer Group Inc. boosted its stake in shares of Exponent by 103.3% during the 1st quarter. Bessemer Group Inc. now owns 681 shares of the business services provider’s stock worth $55,000 after acquiring an additional 346 shares in the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Exponent during the 4th quarter worth $59,000. Finally, LRI Investments LLC boosted its stake in shares of Exponent by 30.4% during the 4th quarter. LRI Investments LLC now owns 1,460 shares of the business services provider’s stock worth $130,000 after acquiring an additional 340 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Exponent Stock Down 1.3%

EXPO opened at $69.73 on Tuesday. The firm has a market cap of $3.54 billion, a PE ratio of 34.87 and a beta of 0.89. The business has a fifty day simple moving average of $74.00 and a 200-day simple moving average of $79.24. Exponent, Inc. has a fifty-two week low of $63.81 and a fifty-two week high of $115.75.

Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $132.87 million during the quarter, compared to analyst estimates of $130.82 million. Exponent had a return on equity of 24.19% and a net margin of 18.35%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $0.57 EPS. On average, equities research analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Exponent Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, September 5th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. Exponent’s dividend payout ratio (DPR) is currently 60.00%.

Insider Transactions at Exponent

In other news, VP John Pye sold 2,000 shares of the firm’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $76.32, for a total transaction of $152,640.00. Following the completion of the sale, the vice president directly owned 29,204 shares of the company’s stock, valued at $2,228,849.28. This trade represents a 6.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $214,226.88. The disclosure for this sale can be found here. Insiders sold a total of 6,267 shares of company stock valued at $489,120 in the last three months. 1.60% of the stock is currently owned by corporate insiders.

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.