SG Americas Securities LLC Sells 10,529 Shares of Exponent, Inc. (NASDAQ:EXPO)

SG Americas Securities LLC lessened its holdings in Exponent, Inc. (NASDAQ:EXPO) by 58.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,465 shares of the business services provider’s stock after selling 10,529 shares during the quarter. SG Americas Securities LLC’s holdings in Exponent were worth $861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in EXPO. Comerica Bank raised its position in Exponent by 8.7% in the first quarter. Comerica Bank now owns 231,131 shares of the business services provider’s stock worth $19,112,000 after acquiring an additional 18,429 shares during the period. Silvercrest Asset Management Group LLC raised its holdings in shares of Exponent by 6.8% in the 1st 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 during the period. Congress Asset Management Co. MA raised its holdings in shares of Exponent by 30.3% in the 4th quarter. Congress Asset Management Co. MA now owns 52,157 shares of the business services provider’s stock worth $4,592,000 after purchasing an additional 12,138 shares during the period. Raymond James & Associates grew its holdings in Exponent by 4.1% during the second quarter. Raymond James & Associates now owns 487,035 shares of the business services provider’s stock valued at $46,327,000 after purchasing an additional 19,051 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Exponent by 5.8% during the first quarter. Vanguard Group Inc. now owns 5,286,652 shares of the business services provider’s stock valued at $437,153,000 after purchasing an additional 291,047 shares during the period. 92.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In other news, VP John Pye sold 3,956 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $105.00, for a total value of $415,380.00. Following the completion of the transaction, the vice president now directly owns 28,422 shares in the company, valued at approximately $2,984,310. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.10% of the company’s stock.

Exponent Stock Up 1.9 %

EXPO opened at $112.78 on Friday. The firm has a 50-day moving average price of $107.76 and a 200-day moving average price of $98.02. Exponent, Inc. has a twelve month low of $64.61 and a twelve month high of $115.61. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 56.96 and a beta of 0.66.

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

Exponent Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend was Friday, September 6th. Exponent’s dividend payout ratio is presently 56.57%.

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.