Truist Financial Corp Sells 3,047 Shares of Exponent, Inc. $EXPO

Truist Financial Corp decreased its position in Exponent, Inc. (NASDAQ:EXPO) by 4.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 65,738 shares of the business services provider’s stock after selling 3,047 shares during the period. Truist Financial Corp owned about 0.13% of Exponent worth $4,911,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Brooklyn Investment Group grew its holdings in shares of Exponent by 10,200.0% in the first quarter. Brooklyn Investment Group now owns 309 shares of the business services provider’s stock worth $25,000 after purchasing an additional 306 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of Exponent by 859.1% in the first quarter. UMB Bank n.a. now owns 633 shares of the business services provider’s stock worth $51,000 after purchasing an additional 567 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Exponent by 103.3% in the first quarter. Bessemer Group Inc. now owns 681 shares of the business services provider’s stock worth $55,000 after purchasing an additional 346 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Exponent in the first quarter worth approximately $80,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in shares of Exponent by 8,092.9% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,147 shares of the business services provider’s stock worth $93,000 after purchasing an additional 1,133 shares during the last quarter. Institutional investors own 92.37% of the company’s stock.

Insider Activity

In other Exponent news, CEO Catherine Corrigan sold 4,905 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $69.91, for a total value 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 approximately $5,785,262.23. The trade was a 5.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Joseph Sala sold 1,595 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $70.64, for a total value of $112,670.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,396 shares of company stock valued at $803,636. 1.60% of the stock is owned by insiders.

Exponent Price Performance

EXPO opened at $66.31 on Wednesday. The stock has a 50-day moving average price of $70.14 and a 200-day moving average price of $74.56. The firm has a market cap of $3.35 billion, a PE ratio of 33.16 and a beta of 0.91. Exponent, Inc. has a 1 year low of $63.81 and a 1 year high of $115.75.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.04. The firm had revenue of $132.87 million during 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 quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.57 EPS. As a group, sell-side analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, September 5th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, September 5th. Exponent’s payout ratio is currently 60.00%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Exponent in a report on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

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.