TimesSquare Capital Management LLC Buys 48,859 Shares of Exponent, Inc. (NASDAQ:EXPO)

TimesSquare Capital Management LLC lifted its stake in Exponent, Inc. (NASDAQ:EXPO - Free Report) by 21.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 280,090 shares of the business services provider's stock after purchasing an additional 48,859 shares during the period. TimesSquare Capital Management LLC owned 0.55% of Exponent worth $32,289,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of EXPO. Comerica Bank raised its holdings in shares of Exponent by 8.7% during the first quarter. Comerica Bank now owns 231,131 shares of the business services provider's stock valued at $19,112,000 after purchasing an additional 18,429 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of Exponent by 6.8% in the first quarter. Silvercrest Asset Management Group LLC now owns 276,500 shares of the business services provider's stock worth $22,864,000 after purchasing an additional 17,496 shares in the last quarter. SG Americas Securities LLC raised its stake in Exponent by 601.1% during the 1st quarter. SG Americas Securities LLC now owns 12,866 shares of the business services provider's stock valued at $1,064,000 after purchasing an additional 11,031 shares during the period. Raymond James & Associates boosted its stake in Exponent by 4.1% in the 2nd quarter. Raymond James & Associates now owns 487,035 shares of the business services provider's stock worth $46,327,000 after purchasing an additional 19,051 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Exponent by 5.8% during the first quarter. Vanguard Group Inc. now owns 5,286,652 shares of the business services provider's stock worth $437,153,000 after acquiring an additional 291,047 shares during the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Carol Lindstrom sold 1,039 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $96.32, for a total value of $100,076.48. Following the sale, the director now owns 5,871 shares of the company's stock, valued at approximately $565,494.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Carol Lindstrom sold 1,039 shares of the company's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $96.32, for a total value of $100,076.48. Following the transaction, the director now directly owns 5,871 shares in the company, valued at approximately $565,494.72. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Paul R. Johnston sold 14,000 shares of Exponent stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $104.60, for a total transaction of $1,464,400.00. Following the sale, the director now owns 80,742 shares of the company's stock, valued at $8,445,613.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

Exponent Price Performance

Shares of NASDAQ EXPO traded up $0.77 during mid-day trading on Friday, hitting $104.97. 326,443 shares of the company's stock traded hands, compared to its average volume of 208,036. The company has a market capitalization of $5.33 billion, a P/E ratio of 50.71 and a beta of 0.69. Exponent, Inc. has a 1 year low of $68.70 and a 1 year high of $115.75. The company's 50-day moving average is $107.64 and its two-hundred day moving average is $101.57.

Exponent Announces Dividend

The business also recently announced 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. This represents a $1.12 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, December 6th. Exponent's dividend payout ratio is currently 54.11%.

Wall Street Analysts Forecast Growth

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

About Exponent

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.