State of New Jersey Common Pension Fund D Has $1.91 Million Holdings in Exponent, Inc. (NASDAQ:EXPO)

State of New Jersey Common Pension Fund D decreased its stake in Exponent, Inc. (NASDAQ:EXPO) by 43.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 20,039 shares of the business services provider’s stock after selling 15,156 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Exponent were worth $1,906,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Caprock Group LLC lifted its holdings in shares of 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 acquiring an additional 134 shares during the period. GAMMA Investing LLC boosted its position in Exponent by 67.7% in the second quarter. GAMMA Investing LLC now owns 379 shares of the business services provider’s stock valued at $36,000 after buying an additional 153 shares in the last quarter. Retirement Systems of Alabama grew its stake in Exponent by 0.3% during the first quarter. Retirement Systems of Alabama now owns 63,568 shares of the business services provider’s stock worth $5,256,000 after buying an additional 167 shares during the last quarter. Raymond James Trust N.A. increased its holdings in shares of Exponent by 2.8% during the second quarter. Raymond James Trust N.A. now owns 6,230 shares of the business services provider’s stock worth $593,000 after buying an additional 172 shares in the last quarter. Finally, Natixis Investment Managers International raised its stake in shares of Exponent by 18.5% in the first quarter. Natixis Investment Managers International now owns 1,138 shares of the business services provider’s stock valued at $94,000 after acquiring an additional 178 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Exponent Trading Down 0.9 %

Exponent stock opened at $110.77 on Friday. The firm has a market capitalization of $5.62 billion, a P/E ratio of 55.94 and a beta of 0.66. The business has a 50-day moving average of $105.37 and a 200-day moving average of $94.67. Exponent, Inc. has a 1 year low of $64.61 and a 1 year high of $113.00.

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

Exponent Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, September 6th. Exponent’s dividend payout ratio is currently 56.57%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Exponent news, VP John Pye sold 3,956 shares of Exponent stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $105.00, for a total transaction of $415,380.00. Following the transaction, the vice president now directly owns 28,422 shares in the company, valued at $2,984,310. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.10% of the stock is currently owned by company insiders.

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.