Exponent, Inc. (NASDAQ:EXPO) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 58.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,465 shares of the business services provider's stock after selling 10,529 shares during the period. SG Americas Securities LLC's holdings in Exponent were worth $861,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Inspire Advisors LLC lifted its position in shares of Exponent by 1.3% during the 2nd quarter. Inspire Advisors LLC now owns 7,615 shares of the business services provider's stock valued at $724,000 after acquiring an additional 98 shares during the period. Caprock Group LLC increased its stake in shares of Exponent by 4.2% during the 2nd quarter. Caprock Group LLC now owns 3,296 shares of the business services provider's stock worth $314,000 after purchasing an additional 134 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Exponent by 67.7% during the 2nd quarter. GAMMA Investing LLC now owns 379 shares of the business services provider's stock worth $36,000 after purchasing an additional 153 shares in the last quarter. Retirement Systems of Alabama increased its stake in shares of Exponent by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 63,568 shares of the business services provider's stock worth $5,256,000 after purchasing an additional 167 shares in the last quarter. Finally, Raymond James Trust N.A. increased its stake in shares of Exponent by 2.8% during the 2nd quarter. Raymond James Trust N.A. now owns 6,230 shares of the business services provider's stock worth $593,000 after purchasing an additional 172 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company's stock.

Insider Activity

In other news, VP John Pye sold 3,956 shares of the company's stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $105.00, for a total value of $415,380.00. Following the sale, the vice president now owns 28,422 shares in the company, valued at approximately $2,984,310. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.10% of the company's stock.

Exponent Stock Up 1.9 %

Shares of NASDAQ EXPO traded up $2.08 during trading on Friday, hitting $112.78. 210,702 shares of the company traded hands, compared to its average volume of 249,048. Exponent, Inc. has a 1 year low of $64.61 and a 1 year high of $115.61. The company has a 50-day moving average price of $107.76 and a 200-day moving average price of $98.15. The firm has a market capitalization of $5.72 billion, a P/E ratio of 56.96 and a beta of 0.66.

Exponent (NASDAQ:EXPO - Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.07. The company had revenue of $132.43 million during the quarter, compared to analysts' expectations of $130.83 million. Exponent had a net margin of 19.35% and a return on equity of 28.39%. The business's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 EPS. Research analysts predict that Exponent, Inc. will post 2.04 EPS for the current fiscal year.

Exponent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a $0.28 dividend. The ex-dividend date was Friday, September 6th. This represents a $1.12 dividend on an annualized basis and a yield of 0.99%. Exponent's dividend payout ratio is currently 56.57%.

Wall Street Analyst Weigh In

Separately, Truist Financial reissued a "buy" rating and set a $120.00 price objective (up from $100.00) on shares of Exponent in a research note on Friday, July 26th.

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.