GAMMA Investing LLC Buys 245 Shares of Exponent, Inc. (NASDAQ:EXPO)

GAMMA Investing LLC raised its stake in Exponent, Inc. (NASDAQ:EXPO) by 64.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 624 shares of the business services provider’s stock after purchasing an additional 245 shares during the period. GAMMA Investing LLC’s holdings in Exponent were worth $72,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Inspire Advisors LLC raised its holdings in shares of Exponent by 1.3% in the second quarter. Inspire Advisors LLC now owns 7,615 shares of the business services provider’s stock worth $724,000 after buying an additional 98 shares during the last quarter. Caprock Group LLC grew its position in 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 buying an additional 134 shares during the period. Retirement Systems of Alabama increased its holdings in Exponent by 0.3% in the first quarter. Retirement Systems of Alabama now owns 63,568 shares of the business services provider’s stock valued at $5,256,000 after buying an additional 167 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of Exponent by 2.8% in the second quarter. Raymond James Trust N.A. now owns 6,230 shares of the business services provider’s stock worth $593,000 after acquiring an additional 172 shares during the period. Finally, Natixis Investment Managers International boosted its stake in shares of Exponent by 18.5% during the 1st quarter. Natixis Investment Managers International now owns 1,138 shares of the business services provider’s stock worth $94,000 after acquiring an additional 178 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

Exponent Price Performance

Shares of EXPO stock opened at $113.79 on Wednesday. The stock has a 50 day simple moving average of $108.20 and a 200-day simple moving average of $98.70. Exponent, Inc. has a 1-year low of $64.61 and a 1-year high of $115.61. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 57.47 and a beta of 0.66.

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

Exponent Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a $0.28 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $1.12 annualized dividend and a dividend yield of 0.98%. Exponent’s dividend payout ratio is presently 56.57%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial restated 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.

Insider Buying and Selling

In other news, VP John Pye sold 3,956 shares of the 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 sale, the vice president now owns 28,422 shares of the company’s stock, valued at $2,984,310. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.10% of the stock is owned by company insiders.

Exponent Company 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.