BlackRock Inc. boosted its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 1.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,214,719 shares of the business services provider’s stock after acquiring an additional 57,546 shares during the period. BlackRock Inc. owned 0.12% of Exponent worth $228,566,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. US Bancorp DE raised its stake in Exponent by 10.8% during the 4th quarter. US Bancorp DE now owns 7,979 shares of the business services provider’s stock worth $567,000 after acquiring an additional 779 shares during the period. TD Asset Management Inc. raised its stake in Exponent by 6.1% during the 3rd quarter. TD Asset Management Inc. now owns 13,900 shares of the business services provider’s stock worth $1,027,000 after acquiring an additional 800 shares during the period. Citadel Advisors LLC raised its stake in Exponent by 8.8% during the 3rd quarter. Citadel Advisors LLC now owns 11,537 shares of the business services provider’s stock worth $853,000 after acquiring an additional 933 shares during the period. Swiss National Bank raised its position in shares of Exponent by 2.4% during the third quarter. Swiss National Bank now owns 43,300 shares of the business services provider’s stock valued at $3,200,000 after buying an additional 1,000 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Exponent by 31.7% during the third quarter. Sei Investments Co. now owns 4,467 shares of the business services provider’s stock valued at $330,000 after buying an additional 1,075 shares during the last quarter. Institutional investors own 88.91% of the company’s stock.
Several research firms have recently issued reports on EXPO. BidaskClub upgraded shares of Exponent from a “hold” rating to a “buy” rating in a research report on Saturday, March 10th. Zacks Investment Research upgraded shares of Exponent from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research report on Tuesday, February 27th. Finally, SunTrust Banks upgraded shares of Exponent from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research report on Friday, January 26th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $84.67.
Shares of Exponent, Inc. (EXPO) opened at $79.45 on Thursday. The stock has a market cap of $2,043.49, a P/E ratio of 52.27 and a beta of 0.65. Exponent, Inc. has a 1 year low of $56.95 and a 1 year high of $80.95.
Exponent (NASDAQ:EXPO) last released its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.05. The firm had revenue of $82.72 million for the quarter, compared to analysts’ expectations of $80.27 million. Exponent had a net margin of 11.88% and a return on equity of 17.81%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. equities analysts expect that Exponent, Inc. will post 2.41 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 2nd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $1.04 annualized dividend and a dividend yield of 1.31%. This is a boost from Exponent’s previous quarterly dividend of $0.21. Exponent’s dividend payout ratio (DPR) is presently 68.42%.
Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.
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