Allspring Global Investments Holdings LLC Sells 120 Shares of Exponent, Inc. (NASDAQ:EXPO)

Allspring Global Investments Holdings LLC reduced its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 5.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,904 shares of the business services provider’s stock after selling 120 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Exponent were worth $219,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Compass Ion Advisors LLC purchased a new stake in shares of Exponent during the 3rd quarter worth $219,000. Raymond James & Associates lifted its stake in shares of Exponent by 4.2% during the 3rd quarter. Raymond James & Associates now owns 507,562 shares of the business services provider’s stock worth $58,512,000 after purchasing an additional 20,527 shares during the last quarter. Net Worth Advisory Group purchased a new stake in shares of Exponent during the 3rd quarter worth $406,000. Trust Point Inc. lifted its stake in shares of Exponent by 2.9% during the 3rd quarter. Trust Point Inc. now owns 12,580 shares of the business services provider’s stock worth $1,450,000 after purchasing an additional 360 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC lifted its stake in shares of Exponent by 3.7% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 5,961 shares of the business services provider’s stock worth $687,000 after purchasing an additional 214 shares during the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Exponent Stock Performance

Exponent stock opened at $95.39 on Monday. The stock has a 50-day moving average of $108.16 and a two-hundred day moving average of $100.77. Exponent, Inc. has a one year low of $68.70 and a one year high of $115.75. The stock has a market cap of $4.84 billion, a PE ratio of 46.08 and a beta of 0.69.

Exponent Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Friday, December 6th. Exponent’s dividend payout ratio (DPR) is presently 54.11%.

Wall Street Analysts Forecast Growth

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

Exponent 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.