Swiss National Bank Grows Stake in Exponent, Inc. (NASDAQ:EXPO)

Posted by Defense World Staff on May 15th, 2023

Swiss National Bank increased its holdings in shares of Exponent, Inc. (NASDAQ:EXPO – Get Rating) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,500 shares of the business services provider’s stock after purchasing an additional 700 shares during the quarter. Swiss National Bank owned approximately 0.24% of Exponent worth $12,238,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EXPO. IFP Advisors Inc grew its position in shares of Exponent by 152.6% during the third quarter. IFP Advisors Inc now owns 245 shares of the business services provider’s stock worth $28,000 after purchasing an additional 148 shares in the last quarter. Wipfli Financial Advisors LLC purchased a new stake in shares of Exponent during the third quarter worth about $56,000. Eagle Bay Advisors LLC grew its holdings in Exponent by 81.6% during the 4th quarter. Eagle Bay Advisors LLC now owns 721 shares of the business services provider’s stock valued at $71,000 after buying an additional 324 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Exponent during the 1st quarter valued at approximately $74,000. Finally, Quadrant Capital Group LLC grew its holdings in Exponent by 201.5% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,019 shares of the business services provider’s stock valued at $89,000 after buying an additional 681 shares in the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Exponent Price Performance

NASDAQ EXPO opened at $86.61 on Monday. The stock has a market capitalization of $4.40 billion, a PE ratio of 44.19 and a beta of 0.64. The business has a 50 day simple moving average of $96.32 and a two-hundred day simple moving average of $99.78. Exponent, Inc. has a 1-year low of $80.97 and a 1-year high of $112.75.

Exponent (NASDAQ:EXPO – Get Rating) last announced its earnings results on Thursday, April 27th. The business services provider reported $0.56 EPS for the quarter, hitting analysts’ consensus estimates of $0.56. The firm had revenue of $140.30 million during the quarter, compared to analysts’ expectations of $127.17 million. Exponent had a return on equity of 30.86% and a net margin of 19.39%. The company’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.56 EPS. On average, analysts anticipate that Exponent, Inc. will post 2.1 EPS for the current fiscal year.

Exponent Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Stockholders of record on Friday, June 9th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date is Thursday, June 8th. Exponent’s dividend payout ratio (DPR) is 53.06%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Exponent in a report on Thursday, March 16th. They set a “hold” rating for the company.

Insider Transactions at Exponent

In other news, VP Joseph Rakow sold 1,388 shares of Exponent stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $86.59, for a total value of $120,186.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Exponent news, VP Harri Kytomaa sold 350 shares of Exponent stock in a transaction on Friday, February 24th. The stock was sold at an average price of $103.24, for a total transaction of $36,134.00. Following the completion of the sale, the vice president now directly owns 12,064 shares of the company’s stock, valued at approximately $1,245,487.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Joseph Rakow sold 1,388 shares of Exponent stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $86.59, for a total value of $120,186.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,438 shares of company stock worth $231,571. 2.00% of the stock is currently owned by company insiders.

Exponent Company Profile

(Get Rating)

Exponent, Inc is an engineering and scientific consulting company, which engages in the provision of engineering, scientific, environmental, and health consulting services. It operates through the Engineering and Other Scientific, and Environmental and Health segments. The Engineering and Other Scientific segment includes technical consulting in different practices primarily in engineering.