Exponent, Inc. (NASDAQ:EXPO) Shares Sold by Laurus Investment Counsel Inc.

Laurus Investment Counsel Inc. trimmed its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,715 shares of the business services provider’s stock after selling 1,350 shares during the period. Exponent accounts for 1.2% of Laurus Investment Counsel Inc.’s portfolio, making the stock its 23rd biggest position. Laurus Investment Counsel Inc. owned approximately 0.06% of Exponent worth $2,528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of EXPO. Quarry LP acquired a new stake in shares of Exponent in the 2nd quarter worth about $25,000. Dark Forest Capital Management LP acquired a new stake in shares of Exponent in the 1st quarter worth about $45,000. Operose Advisors LLC acquired a new stake in shares of Exponent in the 3rd quarter worth about $39,000. Point72 Hong Kong Ltd acquired a new stake in shares of Exponent in the 1st quarter worth about $74,000. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Exponent in the 2nd quarter worth about $68,000. 92.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Exponent news, insider Eric Guyer sold 3,367 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $78.49, for a total value of $264,275.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EXPO. Truist Financial dropped their price objective on shares of Exponent from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. StockNews.com upgraded shares of Exponent from a “sell” rating to a “hold” rating in a research report on Monday, March 4th.

Exponent Stock Up 2.5 %

Shares of EXPO opened at $81.86 on Thursday. The firm has a 50-day moving average price of $81.29 and a 200 day moving average price of $83.05. The firm has a market capitalization of $4.14 billion, a PE ratio of 41.98 and a beta of 0.68. Exponent, Inc. has a 52-week low of $64.61 and a 52-week high of $101.65.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Thursday, February 1st. The business services provider reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.03). Exponent had a net margin of 18.69% and a return on equity of 28.49%. The business had revenue of $113.87 million for the quarter, compared to the consensus estimate of $119.11 million. During the same quarter last year, the business posted $0.44 EPS. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. On average, equities analysts expect that Exponent, Inc. will post 1.76 EPS for the current year.

Exponent Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a dividend of $0.28 per share. This is a positive change from Exponent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.12 annualized dividend and a dividend yield of 1.37%. Exponent’s dividend payout ratio (DPR) is 57.44%.

Exponent 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.