International Assets Investment Management LLC Makes New Investment in Exponent, Inc. (NASDAQ:EXPO)

International Assets Investment Management LLC purchased a new stake in Exponent, Inc. (NASDAQ:EXPO - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 97,683 shares of the business services provider's stock, valued at approximately $11,261,000. International Assets Investment Management LLC owned approximately 0.19% of Exponent as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of EXPO. Quarry LP bought a new position in Exponent during the 2nd quarter worth $25,000. GAMMA Investing LLC grew its holdings 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. Whittier Trust Co. of Nevada Inc. increased its position in shares of Exponent by 166.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 517 shares of the business services provider's stock worth $49,000 after purchasing an additional 323 shares during the period. USA Financial Formulas acquired a new position in Exponent in the third quarter valued at about $60,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in Exponent by 70.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 873 shares of the business services provider's stock worth $83,000 after purchasing an additional 361 shares during the period. 92.37% of the stock is owned by institutional investors.

Exponent Price Performance

EXPO traded down $1.83 during trading on Thursday, hitting $94.38. 244,362 shares of the stock traded hands, compared to its average volume of 246,885. The business has a 50 day moving average price of $108.56 and a 200 day moving average price of $100.54. Exponent, Inc. has a twelve month low of $68.70 and a twelve month high of $115.75. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 45.59 and a beta of 0.66.

Exponent Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, December 6th. This represents a $1.12 annualized dividend and a dividend yield of 1.19%. Exponent's dividend payout ratio is currently 54.11%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reissued a "buy" rating and issued a $120.00 target price (up from $100.00) on shares of Exponent in a report 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.