New York State Teachers Retirement System maintained its position in Exponent Inc. (NASDAQ:EXPO) during the second quarter, Holdings Channel reports. The fund owned 24,314 shares of the company’s stock at the end of the second quarter. New York State Teachers Retirement System’s holdings in Exponent were worth $1,420,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of EXPO. 1st Global Advisors Inc. raised its position in Exponent by 78.8% in the second quarter. 1st Global Advisors Inc. now owns 7,946 shares of the company’s stock valued at $464,000 after buying an additional 3,501 shares during the period. Nordea Investment Management AB acquired a new position in Exponent during the second quarter valued at approximately $684,000. Roffman Miller Associates Inc. PA raised its position in Exponent by 4.3% in the second quarter. Roffman Miller Associates Inc. PA now owns 132,122 shares of the company’s stock valued at $7,717,000 after buying an additional 5,410 shares during the period. Capstone Asset Management Co. raised its position in Exponent by 9.9% in the second quarter. Capstone Asset Management Co. now owns 9,696 shares of the company’s stock valued at $566,000 after buying an additional 870 shares during the period. Finally, GW&K Investment Management LLC raised its position in Exponent by 17.2% in the second quarter. GW&K Investment Management LLC now owns 316,076 shares of the company’s stock valued at $18,462,000 after buying an additional 46,418 shares during the period. 91.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exponent Inc. (NASDAQ:EXPO) traded up 0.39% during trading on Tuesday, hitting $49.44. The company’s stock had a trading volume of 259,270 shares. The firm’s 50 day moving average price is $50.01 and its 200-day moving average price is $51.89. Exponent Inc. has a 52 week low of $44.82 and a 52 week high of $59.71. The company has a market cap of $1.28 billion, a PE ratio of 28.25 and a beta of 0.85.
Exponent (NASDAQ:EXPO) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $77.30 million for the quarter, compared to analysts’ expectations of $80.46 million. On average, analysts predict that Exponent Inc. will post $1.59 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 2nd were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.46%. Exponent’s dividend payout ratio is presently 41.62%.
Several equities analysts recently commented on the company. Zacks Investment Research raised Exponent from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 20th. Cantor Fitzgerald assumed coverage on Exponent in a report on Friday, August 26th. They issued a “buy” rating and a $57.00 target price on the stock. Finally, Avondale Partners assumed coverage on Exponent in a report on Thursday, July 7th. They issued a “market perform” rating and a $60.00 target price on the stock.
In other news, insider Paul Boehm sold 5,000 shares of the business’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $52.18, for a total transaction of $260,900.00. Following the completion of the sale, the insider now directly owns 24,045 shares of the company’s stock, valued at approximately $1,254,668.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.50% of the company’s stock.
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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