Point72 Asia Singapore Pte. Ltd. Makes New Investment in Exponent, Inc. (NASDAQ:EXPO)

Point72 Asia Singapore Pte. Ltd. purchased a new position in Exponent, Inc. (NASDAQ:EXPO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,540 shares of the business services provider’s stock, valued at approximately $146,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Bamco Inc. NY bought a new position in Exponent in the 1st quarter worth $25,904,000. Vanguard Group Inc. boosted its stake in shares of Exponent by 5.8% in the first quarter. Vanguard Group Inc. now owns 5,286,652 shares of the business services provider’s stock worth $437,153,000 after acquiring an additional 291,047 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Exponent by 6.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,640,600 shares of the business services provider’s stock worth $441,414,000 after purchasing an additional 284,179 shares in the last quarter. Public Employees Retirement Association of Colorado raised its stake in Exponent by 1,383.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 261,007 shares of the business services provider’s stock valued at $22,979,000 after purchasing an additional 243,412 shares during the period. Finally, Conestoga Capital Advisors LLC raised its stake in Exponent by 9.6% during the 1st quarter. Conestoga Capital Advisors LLC now owns 2,687,351 shares of the business services provider’s stock valued at $222,217,000 after purchasing an additional 236,050 shares during the period. 92.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at Exponent

In related news, VP John Pye sold 3,956 shares of the business’s stock in a transaction on 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 owns 28,422 shares in the company, valued at $2,984,310. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by insiders.

Exponent Stock Up 0.6 %

EXPO opened at $113.25 on Friday. The company has a market capitalization of $5.74 billion, a PE ratio of 57.20 and a beta of 0.66. The firm has a 50-day simple moving average of $106.22 and a two-hundred day simple moving average of $95.69. Exponent, Inc. has a 52 week low of $64.61 and a 52 week high of $114.67.

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

Exponent Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, September 6th. Exponent’s dividend payout ratio (DPR) is presently 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.