Louisiana State Employees Retirement System boosted its position in Exponent Inc. (NASDAQ:EXPO) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,500 shares of the company’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Exponent were worth $672,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of EXPO. Jacobs Levy Equity Management Inc. raised its position in shares of Exponent by 5.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 5,630 shares of the company’s stock worth $287,000 after buying an additional 310 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of Exponent by 9.9% in the second quarter. Capstone Asset Management Co. now owns 9,696 shares of the company’s stock worth $566,000 after buying an additional 870 shares in the last quarter. Aperio Group LLC raised its position in shares of Exponent by 15.1% in the first quarter. Aperio Group LLC now owns 7,084 shares of the company’s stock worth $361,000 after buying an additional 932 shares in the last quarter. BlackRock Inc. raised its position in shares of Exponent by 18.4% in the first quarter. BlackRock Inc. now owns 6,498 shares of the company’s stock worth $332,000 after buying an additional 1,008 shares in the last quarter. Finally, BlackRock Group LTD raised its position in shares of Exponent by 6.8% in the first quarter. BlackRock Group LTD now owns 37,744 shares of the company’s stock worth $1,925,000 after buying an additional 2,419 shares in the last quarter. Hedge funds and other institutional investors own 91.46% of the company’s stock.
Shares of Exponent Inc. (NASDAQ:EXPO) traded down 1.03% during mid-day trading on Thursday, reaching $48.78. 98,962 shares of the company were exchanged. The stock has a market capitalization of $1.27 billion, a P/E ratio of 27.87 and a beta of 0.85. Exponent Inc. has a 12 month low of $44.82 and a 12 month high of $59.71. The firm has a 50-day moving average price of $50.19 and a 200 day moving average price of $51.92.
Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.05. Exponent had a net margin of 15.13% and a return on equity of 16.02%. The firm had revenue of $77.30 million for the quarter, compared to the consensus estimate of $80.46 million. Equities research analysts anticipate that Exponent Inc. will post $1.59 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 23rd. Investors of record on Friday, September 2nd were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.48%. The ex-dividend date was Wednesday, August 31st. Exponent’s dividend payout ratio is currently 41.62%.
A number of brokerages have commented on EXPO. Avondale Partners began coverage on shares of Exponent in a report on Thursday, July 7th. They issued a “market perform” rating and a $60.00 price objective on the stock. Zacks Investment Research upgraded shares of Exponent from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 20th. Finally, Cantor Fitzgerald began coverage on shares of Exponent in a research note on Friday, August 26th. They issued a “buy” rating and a $57.00 target price on the stock.
In other Exponent news, insider Paul Boehm sold 5,000 shares of the business’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $51.42, for a total value of $257,100.00. Following the completion of the transaction, the insider now directly owns 29,045 shares of the company’s stock, valued at $1,493,493.90. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.50% of the company’s stock.
Exponent Company Profile
Exponent, Inc, along with its subsidiaries, is a science and engineering consulting company. The Company operates through two segments: Engineering and Other Scientific, and Environmental and Health. Its Engineering and Other Scientific segment includes biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, electrical engineering and computer science, engineering management consulting, human factors, industrial structures, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, technology development, thermal sciences and vehicle analysis services.
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