Thrivent Financial for Lutherans Trims Position in Exponent, Inc. (NASDAQ:EXPO)

Thrivent Financial for Lutherans decreased its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 2.6% during the third quarter, Holdings Channel reports. The institutional investor owned 12,016 shares of the business services provider’s stock after selling 324 shares during the period. Thrivent Financial for Lutherans’ holdings in Exponent were worth $1,385,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Exponent by 6.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,640,600 shares of the business services provider’s stock valued at $441,414,000 after acquiring an additional 284,179 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in Exponent in the 2nd quarter worth approximately $22,050,000. International Assets Investment Management LLC purchased a new stake in Exponent during the 3rd quarter valued at approximately $11,261,000. Conestoga Capital Advisors LLC raised its position in shares of Exponent by 2.8% during the second quarter. Conestoga Capital Advisors LLC now owns 2,763,260 shares of the business services provider’s stock valued at $262,841,000 after buying an additional 75,909 shares during the last quarter. Finally, TimesSquare Capital Management LLC lifted its holdings in shares of Exponent by 21.1% in the third quarter. TimesSquare Capital Management LLC now owns 280,090 shares of the business services provider’s stock worth $32,289,000 after buying an additional 48,859 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Exponent Stock Up 0.1 %

Shares of EXPO stock opened at $98.71 on Friday. The company’s fifty day simple moving average is $105.28 and its two-hundred day simple moving average is $102.23. Exponent, Inc. has a 52 week low of $68.70 and a 52 week high of $115.75. The stock has a market cap of $5.01 billion, a P/E ratio of 47.69 and a beta of 0.69.

Exponent Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.13%. Exponent’s dividend payout ratio (DPR) is presently 54.11%.

Insider Activity

In other Exponent news, Director Carol Lindstrom sold 1,039 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $96.32, for a total transaction of $100,076.48. Following the transaction, the director now owns 5,871 shares in the company, valued at $565,494.72. The trade was a 15.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul R. Johnston sold 7,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $103.83, for a total transaction of $726,810.00. Following the transaction, the director now owns 80,742 shares in the company, valued at $8,383,441.86. The trade was a 7.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,339 shares of company stock worth $3,103,065. 2.10% of the stock is currently owned by corporate insiders.

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.