Exponent, Inc. (NASDAQ:EXPO) Shares Purchased by Heritage Family Offices LLP

Heritage Family Offices LLP boosted its holdings in Exponent, Inc. (NASDAQ:EXPO) by 11.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,472 shares of the business services provider’s stock after purchasing an additional 349 shares during the quarter. Heritage Family Offices LLP’s holdings in Exponent were worth $281,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Exponent by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 5,345,503 shares of the business services provider’s stock worth $476,284,000 after purchasing an additional 67,296 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Exponent by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 1,519,584 shares of the business services provider’s stock valued at $135,419,000 after acquiring an additional 13,932 shares during the period. Invesco Ltd. boosted its holdings in shares of Exponent by 1.1% during the fourth quarter. Invesco Ltd. now owns 1,188,373 shares of the business services provider’s stock valued at $105,884,000 after acquiring an additional 13,263 shares during the period. Northern Trust Corp boosted its holdings in shares of Exponent by 7.4% during the fourth quarter. Northern Trust Corp now owns 770,270 shares of the business services provider’s stock valued at $68,631,000 after acquiring an additional 53,227 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Exponent by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 739,710 shares of the business services provider’s stock valued at $65,908,000 after acquiring an additional 4,704 shares during the period. Institutional investors and hedge funds own 92.37% of the company’s stock.

Exponent Stock Performance

Shares of EXPO opened at $77.10 on Tuesday. Exponent, Inc. has a 1 year low of $73.37 and a 1 year high of $115.75. The company has a market cap of $3.91 billion, a price-to-earnings ratio of 36.37 and a beta of 0.95. The firm has a fifty day moving average of $78.40 and a 200-day moving average of $85.92.

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

Exponent Dividend Announcement

The business 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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Friday, June 6th. Exponent’s dividend payout ratio is currently 58.54%.

Insider Activity at Exponent

In related news, VP Joseph Rakow sold 1,573 shares of Exponent stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $77.72, for a total transaction of $122,253.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Bradley A. James sold 2,694 shares of Exponent stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $79.52, for a total transaction of $214,226.88. The disclosure for this sale can be found here. Insiders have sold a total of 6,267 shares of company stock worth $489,120 over the last ninety days. 2.10% of the stock is currently owned by corporate 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.