State of Alaska Department of Revenue Reduces Stock Holdings in Exponent, Inc. (NASDAQ:EXPO)

State of Alaska Department of Revenue trimmed its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 9.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,471 shares of the business services provider’s stock after selling 575 shares during the period. State of Alaska Department of Revenue’s holdings in Exponent were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of Exponent by 17.2% during the 1st quarter. American Century Companies Inc. now owns 5,865 shares of the business services provider’s stock worth $634,000 after acquiring an additional 859 shares during the period. MetLife Investment Management LLC boosted its position in Exponent by 55.0% during the first quarter. MetLife Investment Management LLC now owns 27,848 shares of the business services provider’s stock worth $3,009,000 after purchasing an additional 9,879 shares during the period. Rhumbline Advisers increased its stake 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 worth $16,372,000 after purchasing an additional 6,235 shares in the last quarter. Raymond James Trust N.A. raised its position 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. lifted its stake in shares of Exponent by 21.2% during the 1st quarter. Sei Investments Co. now owns 69,519 shares of the business services provider’s stock valued at $7,545,000 after buying an additional 12,174 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Eric Guyer sold 3,367 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $78.49, for a total value of $264,275.83. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.20% of the company’s stock.

Exponent Trading Down 1.9 %

Shares of NASDAQ:EXPO opened at $78.39 on Friday. The company has a 50 day moving average of $79.29 and a 200 day moving average of $82.34. The stock has a market cap of $3.96 billion, a P/E ratio of 40.20 and a beta of 0.68. Exponent, Inc. has a 12 month low of $64.61 and a 12 month high of $101.65.

Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.03). Exponent had a net margin of 18.69% and a return on equity of 28.49%. The firm had revenue of $113.87 million for the quarter, compared to analysts’ expectations of $119.11 million. During the same quarter last year, the firm earned $0.44 earnings per share. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities analysts forecast that Exponent, Inc. will post 1.76 earnings per share for the current fiscal year.

Exponent Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.28 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.12 annualized dividend and a dividend yield of 1.43%. This is a boost from Exponent’s previous quarterly dividend of $0.26. Exponent’s dividend payout ratio (DPR) is presently 57.44%.

Analyst Ratings Changes

EXPO has been the subject of a number of recent research reports. Truist Financial reduced their price objective on shares of Exponent from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. StockNews.com upgraded Exponent from a “sell” rating to a “hold” rating in a research note on Monday, March 4th.

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.