Norden Group LLC Purchases 500 Shares of Exponent, Inc. (NASDAQ:EXPO)

Norden Group LLC lifted its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 14.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,850 shares of the business services provider’s stock after buying an additional 500 shares during the quarter. Norden Group LLC’s holdings in Exponent were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its position in Exponent by 8.7% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,595 shares of the business services provider’s stock worth $140,000 after buying an additional 127 shares during the period. Quadrature Capital Ltd increased its stake in Exponent by 6.7% in the third quarter. Quadrature Capital Ltd now owns 2,452 shares of the business services provider’s stock valued at $210,000 after acquiring an additional 155 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Exponent by 1.7% in the third quarter. PNC Financial Services Group Inc. now owns 12,442 shares of the business services provider’s stock valued at $1,065,000 after acquiring an additional 207 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Exponent by 6.5% during the third quarter. EverSource Wealth Advisors LLC now owns 3,482 shares of the business services provider’s stock valued at $298,000 after purchasing an additional 212 shares in the last quarter. Finally, Advisor Partners II LLC lifted its stake in Exponent by 6.0% during the third quarter. Advisor Partners II LLC now owns 3,771 shares of the business services provider’s stock worth $323,000 after purchasing an additional 215 shares during the last quarter. 92.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Eric Guyer sold 1,650 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $92.58, for a total value of $152,757.00. Following the completion of the sale, the insider now directly owns 1,846 shares in the company, valued at approximately $170,902.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.20% of the company’s stock.

Exponent Stock Down 0.1 %

Shares of NASDAQ EXPO opened at $91.85 on Thursday. The firm has a fifty day simple moving average of $80.53 and a 200 day simple moving average of $81.88. Exponent, Inc. has a twelve month low of $64.61 and a twelve month high of $102.72. The company has a market capitalization of $4.65 billion, a PE ratio of 46.39 and a beta of 0.64.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. The firm had revenue of $137.21 million for the quarter, compared to analysts’ expectations of $125.98 million. Exponent had a return on equity of 28.13% and a net margin of 18.72%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 EPS. As a group, equities analysts expect that Exponent, Inc. will post 1.92 earnings per share for the current fiscal year.

Exponent Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Friday, June 7th. Exponent’s dividend payout ratio (DPR) is currently 56.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. StockNews.com upgraded shares of Exponent from a “sell” rating to a “hold” rating in a research note on Monday, March 4th. Truist Financial boosted their price objective on Exponent from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday.

Exponent 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.