1,800 Shares in Exponent, Inc. (NASDAQ:EXPO) Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board purchased a new stake in shares of Exponent, Inc. (NASDAQ:EXPO) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,800 shares of the business services provider’s stock, valued at approximately $171,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Inspire Advisors LLC grew its position in shares of Exponent by 1.3% in the 2nd quarter. Inspire Advisors LLC now owns 7,615 shares of the business services provider’s stock worth $724,000 after buying an additional 98 shares during the last quarter. Caprock Group LLC boosted its holdings in Exponent by 4.2% in the second quarter. Caprock Group LLC now owns 3,296 shares of the business services provider’s stock valued at $314,000 after acquiring an additional 134 shares in the last quarter. GAMMA Investing LLC increased its position in Exponent by 67.7% during the 2nd quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 153 shares during the period. Retirement Systems of Alabama raised its holdings in Exponent by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 63,568 shares of the business services provider’s stock worth $5,256,000 after purchasing an additional 167 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its position in shares of Exponent by 2.8% in the 2nd quarter. Raymond James Trust N.A. now owns 6,230 shares of the business services provider’s stock worth $593,000 after purchasing an additional 172 shares during the period. Institutional investors own 92.37% of the company’s stock.

Analysts Set New Price Targets

Separately, Truist Financial reiterated a “buy” rating and set a $120.00 price target (up previously from $100.00) on shares of Exponent in a research report on Friday, July 26th.

Insider Buying and Selling at Exponent

In other news, VP John Pye sold 3,956 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $105.00, for a total value of $415,380.00. Following the sale, the vice president now directly owns 28,422 shares of the company’s stock, valued at approximately $2,984,310. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.10% of the company’s stock.

Exponent Stock Up 0.6 %

EXPO opened at $113.25 on Friday. Exponent, Inc. has a 52 week low of $64.61 and a 52 week high of $114.67. The stock has a market cap of $5.74 billion, a PE ratio of 57.20 and a beta of 0.66. The business has a 50 day moving average of $106.22 and a 200-day moving average of $95.80.

Exponent (NASDAQ:EXPO) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.50 by $0.07. The business had revenue of $132.43 million during the quarter, compared to analyst estimates of $130.83 million. Exponent had a return on equity of 28.39% and a net margin of 19.35%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.50 earnings per share. Equities analysts anticipate that Exponent, Inc. will post 2.04 EPS for the current year.

Exponent Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 0.99%. The ex-dividend date was Friday, September 6th. Exponent’s payout ratio is currently 56.57%.

About Exponent

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.