Trust Point Inc. Buys New Stake in Exponent, Inc. (NASDAQ:EXPO)

Trust Point Inc. bought a new stake in shares of Exponent, Inc. (NASDAQ:EXPO) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 8,751 shares of the business services provider’s stock, valued at approximately $770,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP purchased a new stake in Exponent during the 2nd quarter worth $25,000. Operose Advisors LLC purchased a new stake in Exponent during the 3rd quarter worth $39,000. Dark Forest Capital Management LP purchased a new stake in Exponent during the 1st quarter worth $45,000. Pinebridge Investments L.P. purchased a new stake in Exponent during the 2nd quarter worth $68,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Exponent during the 1st quarter worth $74,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Exponent Stock Down 0.0 %

Shares of EXPO traded down $0.03 during midday trading on Thursday, hitting $79.94. The company had a trading volume of 51,793 shares, compared to its average volume of 317,353. The company’s 50 day moving average price is $80.47 and its 200 day moving average price is $82.74. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 41.05 and a beta of 0.68. Exponent, Inc. has a 52 week low of $64.61 and a 52 week high of $101.65.

Exponent (NASDAQ:EXPO) last announced its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). Exponent had a net margin of 18.69% and a return on equity of 28.49%. The business had revenue of $113.87 million for the quarter, compared to the consensus estimate of $119.11 million. During the same period in the prior year, the company earned $0.44 EPS. Exponent’s quarterly revenue was up 1.1% on a year-over-year basis. Equities analysts anticipate that Exponent, Inc. will post 1.76 EPS for the current fiscal year.

Exponent Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Thursday, March 7th. This is an increase from Exponent’s previous quarterly dividend of $0.26. Exponent’s dividend payout ratio is currently 57.44%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Truist Financial dropped their price target on shares of Exponent from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. StockNews.com raised shares of Exponent from a “sell” rating to a “hold” rating in a research report on Monday, March 4th.

Insider Activity at Exponent

In related news, insider Eric Guyer sold 3,367 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $78.49, for a total transaction of $264,275.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.20% of the company’s stock.

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.