Arkadios Wealth Advisors Boosts Stock Holdings in Exponent, Inc. (NASDAQ:EXPO)

Arkadios Wealth Advisors grew its position in shares of Exponent, Inc. (NASDAQ:EXPO - Free Report) by 40.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,207 shares of the business services provider's stock after buying an additional 6,665 shares during the quarter. Arkadios Wealth Advisors' holdings in Exponent were worth $2,675,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Inspire Advisors LLC lifted its position in Exponent by 1.3% during the second quarter. Inspire Advisors LLC now owns 7,615 shares of the business services provider's stock valued at $724,000 after purchasing an additional 98 shares during the period. Caprock Group LLC lifted its position in Exponent by 4.2% during the second quarter. Caprock Group LLC now owns 3,296 shares of the business services provider's stock valued at $314,000 after purchasing an additional 134 shares during the period. GAMMA Investing LLC lifted its position in Exponent by 67.7% during the second quarter. GAMMA Investing LLC now owns 379 shares of the business services provider's stock valued at $36,000 after purchasing an additional 153 shares during the period. Retirement Systems of Alabama raised its position in Exponent by 0.3% in the first quarter. Retirement Systems of Alabama now owns 63,568 shares of the business services provider's stock worth $5,256,000 after acquiring an additional 167 shares during the period. Finally, Raymond James Trust N.A. raised its position in Exponent by 2.8% in the second quarter. Raymond James Trust N.A. now owns 6,230 shares of the business services provider's stock worth $593,000 after acquiring an additional 172 shares during the period. Hedge funds and other institutional investors own 92.37% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial reiterated a "buy" rating and issued a $120.00 price target (up from $100.00) on shares of Exponent in a research report on Friday, July 26th.

Insider Activity

In other news, VP John Pye sold 3,956 shares of the firm's stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $105.00, for a total transaction of $415,380.00. Following the sale, the vice president now directly owns 28,422 shares in the company, valued at $2,984,310. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.10% of the company's stock.

Exponent Stock Down 8.9 %

EXPO traded down $9.44 during trading on Friday, hitting $96.92. The company's stock had a trading volume of 370,086 shares, compared to its average volume of 180,836. Exponent, Inc. has a one year low of $64.61 and a one year high of $115.75. The firm has a market cap of $4.91 billion, a PE ratio of 48.95 and a beta of 0.66. The business's 50 day simple moving average is $108.99 and its 200-day simple moving average is $100.31.

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

Exponent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 1.16%. Exponent's payout ratio is 56.57%.

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.