The Exponent, Inc. (NASDAQ:EXPO) Shares Bought by Bank of America Corp DE

The Exponent, Inc. (NASDAQ:EXPO) Shares Bought by Bank of America Corp DE

Bank of America Corp DE increased its position in Exponent, Inc. (NASDAQ:EXPO) by 22.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228,625 shares of the business services provider’s stock after buying an additional 42,161 shares during the period. Bank of America Corp DE owned about 0.88% of Exponent worth $13,614,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Advisory Services Network LLC acquired a new stake in Exponent during the first quarter worth approximately $123,000. Ameritas Investment Partners Inc. acquired a new stake in Exponent during the first quarter worth approximately $132,000. Victory Capital Management Inc. increased its stake in Exponent by 9.2% in the first quarter. Victory Capital Management Inc. now owns 2,683 shares of the business services provider’s stock worth $160,000 after buying an additional 226 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Exponent by 0.7% in the first quarter. State of Alaska Department of Revenue now owns 2,830 shares of the business services provider’s stock worth $168,000 after buying an additional 20 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Exponent by 21.8% in the first quarter. Bank of Montreal Can now owns 3,209 shares of the business services provider’s stock worth $192,000 after buying an additional 575 shares in the last quarter. Institutional investors own 90.49% of the company’s stock.

Shares of Exponent, Inc. (EXPO) opened at 65.15 on Thursday. The firm’s 50-day moving average price is $60.42 and its 200 day moving average price is $59.43. The stock has a market capitalization of $1.72 billion, a P/E ratio of 33.77 and a beta of 0.62. Exponent, Inc. has a 1-year low of $48.42 and a 1-year high of $68.30.

Exponent (NASDAQ:EXPO) last released its earnings results on Tuesday, July 18th. The business services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. Exponent had a net margin of 15.94% and a return on equity of 16.52%. The business had revenue of $84.10 million during the quarter, compared to the consensus estimate of $79.30 million. During the same quarter last year, the firm earned $0.38 earnings per share. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. Analysts expect that Exponent, Inc. will post $1.97 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Wednesday, August 30th. Exponent’s payout ratio is 43.52%.

Several research firms recently issued reports on EXPO. ValuEngine raised Exponent from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Zacks Investment Research raised Exponent from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Thursday, July 20th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $75.00 price objective (up from $69.00) on shares of Exponent in a research report on Wednesday, July 19th. Finally, BidaskClub raised Exponent from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 5th.

In other news, insider Sally Shepard sold 1,255 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $65.37, for a total value of $82,039.35. Following the completion of the transaction, the insider now directly owns 1,560 shares in the company, valued at approximately $101,977.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Pye sold 3,600 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $65.08, for a total transaction of $234,288.00. Following the completion of the transaction, the insider now owns 14,767 shares of the company’s stock, valued at $961,036.36. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Exponent Company Profile

Exponent, Inc (Exponent), along with its subsidiaries, is a science and engineering consulting company. Exponent provides engineering and scientific consulting services to clients around the world. Its service offerings are provided on a project-by-project basis. It operates in two segments: Engineering and Other Scientific, and Environmental and Health.

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