Exponent, Inc. (NASDAQ:EXPO) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System boosted its holdings in shares of Exponent, Inc. (NASDAQ:EXPOFree Report) by 9.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 181,516 shares of the business services provider’s stock after buying an additional 16,150 shares during the period. California Public Employees Retirement System owned approximately 0.36% of Exponent worth $16,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in EXPO. American Century Companies Inc. increased its position in Exponent by 17.2% during the 1st quarter. American Century Companies Inc. now owns 5,865 shares of the business services provider’s stock valued at $634,000 after buying an additional 859 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Exponent by 55.0% in the first quarter. MetLife Investment Management LLC now owns 27,848 shares of the business services provider’s stock valued at $3,009,000 after purchasing an additional 9,879 shares during the period. Rhumbline Advisers increased its holdings in shares of Exponent by 4.3% in the first quarter. Rhumbline Advisers now owns 151,520 shares of the business services provider’s stock valued at $16,372,000 after purchasing an additional 6,235 shares during the period. Raymond James Trust N.A. increased its holdings in shares of Exponent by 12.5% in the first quarter. Raymond James Trust N.A. now owns 6,573 shares of the business services provider’s stock valued at $710,000 after purchasing an additional 728 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Exponent by 21.2% in the first quarter. Sei Investments Co. now owns 69,519 shares of the business services provider’s stock valued at $7,545,000 after purchasing an additional 12,174 shares during the period. 89.31% of the stock is owned by institutional investors and hedge funds.

Exponent Stock Up 0.2 %

Shares of EXPO opened at $77.21 on Monday. Exponent, Inc. has a 52 week low of $64.61 and a 52 week high of $112.75. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 38.99 and a beta of 0.63. The stock’s 50-day moving average price is $83.42 and its 200-day moving average price is $88.89.

Exponent (NASDAQ:EXPOGet Free Report) last issued its earnings results on Thursday, October 26th. The business services provider reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). Exponent had a return on equity of 29.69% and a net margin of 18.83%. The company had revenue of $133.34 million during the quarter, compared to analysts’ expectations of $126.39 million. During the same quarter in the previous year, the company earned $0.47 EPS. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Exponent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.35%. Exponent’s payout ratio is 52.53%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EXPO. Truist Financial cut their price objective on Exponent from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Monday, July 31st. StockNews.com began coverage on Exponent in a report on Thursday, October 5th. They issued a “hold” rating on the stock.

Read Our Latest Stock Analysis on EXPO

Exponent Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

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