Bank of America Corp DE Has $23.25 Million Stock Position in Exponent, Inc. (NASDAQ:EXPO)

Bank of America Corp DE lowered its stake in Exponent, Inc. (NASDAQ:EXPO) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 260,954 shares of the business services provider’s stock after selling 28,006 shares during the period. Bank of America Corp DE owned approximately 0.51% of Exponent worth $23,251,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Private Trust Co. NA grew its stake in Exponent by 129.8% during the fourth quarter. Private Trust Co. NA now owns 278 shares of the business services provider’s stock worth $25,000 after buying an additional 157 shares in the last quarter. Atala Financial Inc acquired a new position in shares of Exponent in the 4th quarter valued at approximately $25,000. Tortoise Investment Management LLC lifted its holdings in shares of Exponent by 76.7% during the 4th quarter. Tortoise Investment Management LLC now owns 440 shares of the business services provider’s stock worth $39,000 after acquiring an additional 191 shares during the period. Trust Co. of Vermont bought a new stake in shares of Exponent during the 4th quarter worth approximately $45,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Exponent during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 92.37% of the company’s stock.

Exponent Price Performance

Shares of NASDAQ:EXPO opened at $80.05 on Monday. Exponent, Inc. has a 1 year low of $73.37 and a 1 year high of $115.75. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 37.76 and a beta of 0.95. The company’s 50 day simple moving average is $79.27 and its 200 day simple moving average is $87.74.

Exponent (NASDAQ:EXPO) last issued its earnings results on Thursday, May 1st. The business services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.04. Exponent had a return on equity of 27.27% and a net margin of 19.52%. The firm had revenue of $137.44 million for the quarter, compared to the consensus estimate of $134.63 million. During the same quarter last year, the business posted $0.59 EPS. The company’s revenue was up .2% compared to the same quarter last year. As a group, analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Exponent Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.50%. The ex-dividend date is Friday, June 6th. Exponent’s dividend payout ratio (DPR) is presently 58.54%.

Insider Buying and Selling at Exponent

In other news, VP Richard Reiss sold 1,736 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $85.93, for a total value of $149,174.48. Following the completion of the transaction, the vice president now owns 1,800 shares of the company’s stock, valued at approximately $154,674. This represents a 49.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.10% of the company’s stock.

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.