Caprock Group LLC Raises Stake in Exponent, Inc. (NASDAQ:EXPO)

Caprock Group LLC raised its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 4.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,296 shares of the business services provider’s stock after acquiring an additional 134 shares during the period. Caprock Group LLC’s holdings in Exponent were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its stake in shares of Exponent by 67.7% during the second quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock worth $36,000 after acquiring an additional 153 shares during the period. Retirement Systems of Alabama increased its position in Exponent by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 63,568 shares of the business services provider’s stock worth $5,256,000 after purchasing an additional 167 shares during the period. Raymond James Trust N.A. increased its position in Exponent by 2.8% during the 2nd quarter. Raymond James Trust N.A. now owns 6,230 shares of the business services provider’s stock worth $593,000 after purchasing an additional 172 shares during the period. Natixis Investment Managers International raised its stake in shares of Exponent by 18.5% during the 1st quarter. Natixis Investment Managers International now owns 1,138 shares of the business services provider’s stock worth $94,000 after buying an additional 178 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Exponent by 11.0% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,008 shares of the business services provider’s stock valued at $191,000 after buying an additional 199 shares during the period. 92.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Truist Financial reaffirmed a “buy” rating and set a $120.00 price objective (up previously from $100.00) on shares of Exponent in a report on Friday, July 26th.

Insider Transactions at Exponent

In related news, VP John Pye sold 3,956 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $105.00, for a total value of $415,380.00. Following the sale, the vice president now directly owns 28,422 shares of the company’s stock, valued at approximately $2,984,310. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Paul R. Johnston sold 7,000 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $95.50, for a total transaction of $668,500.00. Following the sale, the director now owns 80,742 shares of the company’s stock, valued at $7,710,861. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP John Pye sold 3,956 shares of Exponent stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $105.00, for a total value of $415,380.00. Following the sale, the vice president now owns 28,422 shares of the company’s stock, valued at approximately $2,984,310. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

Exponent Stock Up 0.6 %

Shares of NASDAQ EXPO opened at $105.21 on Friday. The firm has a 50-day moving average price of $103.78 and a 200 day moving average price of $93.35. Exponent, Inc. has a 52 week low of $64.61 and a 52 week high of $108.80. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 53.14 and a beta of 0.66.

Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. Exponent had a return on equity of 28.39% and a net margin of 19.35%. The business had revenue of $132.43 million for the quarter, compared to analyst estimates of $130.83 million. During the same quarter in the previous year, the company earned $0.50 EPS. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts expect that Exponent, Inc. will post 2.04 EPS for the current fiscal year.

Exponent Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, September 6th. Exponent’s dividend payout ratio is currently 56.57%.

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.