Mather Group LLC. Takes Position in Exponent, Inc. (NASDAQ:EXPO)

Mather Group LLC. acquired a new stake in Exponent, Inc. (NASDAQ:EXPO) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,502 shares of the business services provider’s stock, valued at approximately $132,000.

Other hedge funds have also recently modified their holdings of the company. Asset Management One Co. Ltd. purchased a new position in shares of Exponent in the 4th quarter valued at $4,340,000. Axiom Investors LLC DE grew its position in shares of Exponent by 115.7% in the 4th quarter. Axiom Investors LLC DE now owns 119,063 shares of the business services provider’s stock valued at $10,482,000 after buying an additional 63,855 shares during the last quarter. Fenimore Asset Management Inc. grew its position in shares of Exponent by 62.8% in the 4th quarter. Fenimore Asset Management Inc. now owns 172,868 shares of the business services provider’s stock valued at $15,219,000 after buying an additional 66,664 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Exponent by 261.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 56,510 shares of the business services provider’s stock valued at $4,975,000 after buying an additional 40,886 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its position in Exponent by 40.2% during the 4th quarter. Eagle Asset Management Inc. now owns 85,303 shares of the business services provider’s stock worth $7,510,000 after purchasing an additional 24,455 shares during the last quarter. 92.37% of the stock is owned by hedge funds and other institutional investors.

Exponent Stock Performance

Shares of Exponent stock opened at $94.75 on Friday. Exponent, Inc. has a 1 year low of $64.61 and a 1 year high of $102.72. The company has a market capitalization of $4.80 billion, a P/E ratio of 47.85 and a beta of 0.65. The company’s fifty day moving average is $91.63 and its two-hundred day moving average is $86.07.

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

Exponent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.18%. The ex-dividend date is Friday, June 7th. Exponent’s payout ratio is 56.57%.

Insider Activity

In other news, insider Eric Guyer sold 1,650 shares of Exponent stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $92.58, for a total value of $152,757.00. Following the sale, the insider now owns 1,846 shares of the company’s stock, valued at $170,902.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, VP Bradley A. James sold 2,030 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $95.24, for a total value of $193,337.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric Guyer sold 1,650 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $92.58, for a total transaction of $152,757.00. Following the completion of the sale, the insider now owns 1,846 shares of the company’s stock, valued at approximately $170,902.68. The disclosure for this sale can be found here. Insiders have sold a total of 50,067 shares of company stock valued at $4,734,995 over the last quarter. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on EXPO shares. Truist Financial raised their price objective on shares of Exponent from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Monday, April 29th. StockNews.com raised shares of Exponent from a “sell” rating to a “hold” rating in a research report on Monday, March 4th.

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.