BlackRock Inc. boosted its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,214,719 shares of the business services provider’s stock after purchasing an additional 57,546 shares during the quarter. BlackRock Inc. owned approximately 12.46% of Exponent worth $228,566,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in EXPO. Trexquant Investment LP acquired a new stake in shares of Exponent in the 3rd quarter valued at about $224,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Exponent in the 3rd quarter valued at about $242,000. Stifel Financial Corp acquired a new stake in shares of Exponent in the 3rd quarter valued at about $249,000. Capital Fund Management S.A. acquired a new stake in Exponent during the 4th quarter worth approximately $277,000. Finally, Sei Investments Co. lifted its position in Exponent by 31.7% during the 3rd quarter. Sei Investments Co. now owns 4,467 shares of the business services provider’s stock worth $330,000 after acquiring an additional 1,075 shares during the period. 88.91% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Exponent from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Tuesday, January 23rd. BidaskClub downgraded Exponent from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Finally, SunTrust Banks raised Exponent from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research report on Friday, January 26th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $84.67.
Shares of Exponent stock traded down $0.55 during midday trading on Thursday, hitting $79.10. The stock had a trading volume of 8,007 shares, compared to its average volume of 87,946. Exponent, Inc. has a twelve month low of $56.95 and a twelve month high of $81.15. The stock has a market capitalization of $2,070.55, a price-to-earnings ratio of 52.40 and a beta of 0.65.
Exponent (NASDAQ:EXPO) last issued its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The business had revenue of $82.72 million during the quarter, compared to the consensus estimate of $80.27 million. Exponent had a return on equity of 17.81% and a net margin of 11.88%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share. equities research analysts predict that Exponent, Inc. will post 2.41 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 2nd will be issued a $0.26 dividend. 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 is currently 68.42%.
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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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