HPM Partners LLC Acquires New Stake in Exponent, Inc. (NASDAQ:EXPO)
HPM Partners LLC purchased a new stake in shares of Exponent, Inc. (NASDAQ:EXPO) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,337 shares of the business services provider’s stock, valued at approximately $209,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. We Are One Seven LLC boosted its position in shares of Exponent by 259.4% during the first quarter. We Are One Seven LLC now owns 1,434 shares of the business services provider’s stock valued at $113,000 after purchasing an additional 1,035 shares in the last quarter. Strs Ohio bought a new stake in shares of Exponent during the second quarter valued at approximately $101,000. Fort L.P. bought a new stake in shares of Exponent during the second quarter valued at approximately $117,000. SG Americas Securities LLC bought a new stake in shares of Exponent during the first quarter valued at approximately $205,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Exponent by 100.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,952 shares of the business services provider’s stock valued at $143,000 after purchasing an additional 1,476 shares in the last quarter. Institutional investors own 88.83% of the company’s stock.
In other news, insider Richard Reiss sold 2,236 shares of the business’s stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $49.43, for a total value of $110,525.48. Following the completion of the transaction, the insider now owns 4,054 shares in the company, valued at $200,389.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by insiders.
Exponent (NASDAQ:EXPO) last announced its quarterly earnings data on Thursday, July 19th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.03. Exponent had a return on equity of 20.52% and a net margin of 13.51%. The business had revenue of $95.60 million during the quarter, compared to analysts’ expectations of $89.42 million. During the same quarter in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Sell-side analysts predict that Exponent, Inc. will post 1.28 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 21st. Stockholders of record on Friday, September 7th were paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Thursday, September 6th. Exponent’s dividend payout ratio is currently 48.60%.
EXPO has been the subject of a number of recent research reports. BidaskClub upgraded Exponent from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 7th. Zacks Investment Research upgraded Exponent from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. SunTrust Banks lifted their price objective on Exponent to $56.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Finally, Berenberg Bank initiated coverage on Exponent in a research note on Wednesday, September 12th. They set a “buy” rating for the company. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $34.67.
Exponent Company Profile
Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.
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