US Bancorp DE grew its position in Exponent, Inc. (NASDAQ:EXPO) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,979 shares of the business services provider’s stock after acquiring an additional 779 shares during the quarter. US Bancorp DE’s holdings in Exponent were worth $567,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Trexquant Investment LP acquired a new stake in shares of Exponent in the third quarter valued at approximately $224,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Exponent in the third quarter valued at approximately $242,000. Stifel Financial Corp acquired a new stake in shares of Exponent in the third quarter valued at approximately $249,000. Sei Investments Co. boosted its holdings in shares of Exponent by 31.7% in the third quarter. Sei Investments Co. now owns 4,467 shares of the business services provider’s stock valued at $330,000 after acquiring an additional 1,075 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of Exponent in the third quarter valued at approximately $371,000. 91.42% of the stock is owned by institutional investors and hedge funds.
Shares of Exponent, Inc. (NASDAQ:EXPO) opened at $77.80 on Friday. Exponent, Inc. has a 52 week low of $56.95 and a 52 week high of $78.40. The company has a market capitalization of $2,008.10, a P/E ratio of 40.73 and a beta of 0.72.
Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Exponent had a return on equity of 17.81% and a net margin of 11.88%. The business had revenue of $82.72 million during the quarter, compared to analysts’ expectations of $80.27 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. analysts forecast that Exponent, Inc. will post 2.41 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, March 1st. This is a boost from Exponent’s previous quarterly dividend of $0.21. Exponent’s dividend payout ratio is 55.26%.
Several equities research analysts have recently weighed in on EXPO shares. Cantor Fitzgerald reissued a “buy” rating and issued a $82.00 price objective on shares of Exponent in a report on Sunday, November 5th. BidaskClub downgraded Exponent from a “buy” rating to a “hold” rating in a report on Saturday, December 9th. Zacks Investment Research downgraded Exponent from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, SunTrust Banks upgraded Exponent from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $82.67.
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Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.
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