Roffman Miller Associates Inc. PA Sells 5,297 Shares of Exponent, Inc. (NASDAQ:EXPO)

Roffman Miller Associates Inc. PA cut its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 312,296 shares of the business services provider’s stock after selling 5,297 shares during the quarter. Exponent accounts for about 2.0% of Roffman Miller Associates Inc. PA’s holdings, making the stock its 21st biggest holding. Roffman Miller Associates Inc. PA’s holdings in Exponent were worth $27,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Operose Advisors LLC purchased a new position in shares of Exponent in the 3rd quarter worth about $39,000. Signaturefd LLC raised its stake in shares of Exponent by 157.7% during the third quarter. Signaturefd LLC now owns 915 shares of the business services provider’s stock worth $78,000 after acquiring an additional 560 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Exponent by 24.8% in the 3rd quarter. Covestor Ltd now owns 1,474 shares of the business services provider’s stock worth $126,000 after acquiring an additional 293 shares during the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of Exponent by 10.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 1,468 shares of the business services provider’s stock valued at $126,000 after purchasing an additional 140 shares in the last quarter. Finally, Quadrature Capital Ltd grew its holdings in shares of Exponent by 6.7% during the 3rd quarter. Quadrature Capital Ltd now owns 2,452 shares of the business services provider’s stock valued at $210,000 after purchasing an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Truist Financial lowered their price target on shares of Exponent from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. StockNews.com raised Exponent from a “sell” rating to a “hold” rating in a research note on Monday, March 4th.

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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.20% of the company’s stock.

Exponent Stock Up 21.0 %

Shares of Exponent stock traded up $16.70 on Friday, hitting $96.38. The stock had a trading volume of 655,318 shares, compared to its average volume of 308,158. Exponent, Inc. has a one year low of $64.61 and a one year high of $102.72. The stock’s 50-day simple moving average is $79.55 and its two-hundred day simple moving average is $81.92. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 49.94 and a beta of 0.68.

Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.13. The business had revenue of $137.21 million for the quarter, compared to analyst estimates of $125.98 million. Exponent had a net margin of 18.69% and a return on equity of 28.49%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. As a group, equities analysts predict that Exponent, Inc. will post 1.76 EPS for the current fiscal year.

Exponent Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Friday, March 8th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.16%. This is a boost from Exponent’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, March 7th. Exponent’s dividend payout ratio (DPR) is currently 57.44%.

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.