Farther Finance Advisors LLC Sells 162 Shares of Exponent, Inc. $EXPO

Farther Finance Advisors LLC lessened its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 4.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,112 shares of the business services provider’s stock after selling 162 shares during the period. Farther Finance Advisors LLC’s holdings in Exponent were worth $233,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its stake in Exponent by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 5,946 shares of the business services provider’s stock valued at $481,000 after acquiring an additional 155 shares during the period. Portside Wealth Group LLC raised its stake in Exponent by 6.0% in the 1st quarter. Portside Wealth Group LLC now owns 2,993 shares of the business services provider’s stock valued at $243,000 after acquiring an additional 170 shares during the period. State of Michigan Retirement System grew its holdings in Exponent by 1.7% in the 1st quarter. State of Michigan Retirement System now owns 12,200 shares of the business services provider’s stock valued at $989,000 after buying an additional 200 shares in the last quarter. Hardy Reed LLC grew its holdings in Exponent by 5.5% in the 1st quarter. Hardy Reed LLC now owns 3,850 shares of the business services provider’s stock valued at $312,000 after buying an additional 202 shares in the last quarter. Finally, Bridge City Capital LLC grew its holdings in Exponent by 0.5% in the 1st quarter. Bridge City Capital LLC now owns 53,545 shares of the business services provider’s stock valued at $4,340,000 after buying an additional 259 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

Exponent Stock Performance

EXPO opened at $69.48 on Wednesday. The firm has a market cap of $3.51 billion, a P/E ratio of 34.74 and a beta of 0.94. Exponent, Inc. has a 52-week low of $63.81 and a 52-week high of $115.75. The business’s fifty day moving average is $70.55 and its 200-day moving average is $75.04.

Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Thursday, July 31st. The business services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $132.87 million for the quarter, compared to analyst estimates of $130.82 million. Exponent had a return on equity of 24.19% and a net margin of 18.35%.Exponent’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. On average, research analysts predict that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.

Exponent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 5th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, September 5th. Exponent’s dividend payout ratio (DPR) is currently 60.00%.

Insiders Place Their Bets

In related news, CEO Catherine Corrigan sold 4,905 shares of Exponent stock in a transaction on Monday, September 15th. The shares were sold at an average price of $69.91, for a total transaction of $342,908.55. Following the completion of the transaction, the chief executive officer owned 82,753 shares of the company’s stock, valued at $5,785,262.23. This trade represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joseph Sala sold 1,595 shares of Exponent stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $70.64, for a total transaction of $112,670.80. The disclosure for this sale can be found here. Insiders have sold 11,396 shares of company stock valued at $803,636 in the last three months. 1.60% of the stock is owned by insiders.

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.