Exponent, Inc. (NASDAQ:EXPO) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its holdings in Exponent, Inc. (NASDAQ:EXPO) by 15.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,212 shares of the business services provider’s stock after selling 791 shares during the quarter. Federated Hermes Inc.’s holdings in Exponent were worth $371,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Operose Advisors LLC acquired a new position in shares of Exponent during the third quarter valued at $39,000. Signaturefd LLC raised its position in shares of Exponent by 157.7% during the 3rd quarter. Signaturefd LLC now owns 915 shares of the business services provider’s stock worth $78,000 after buying an additional 560 shares in the last quarter. Covestor Ltd lifted its stake 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 period. Parkside Financial Bank & Trust lifted 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 worth $126,000 after acquiring an additional 140 shares during the period. Finally, Quadrature Capital Ltd boosted its holdings in shares of Exponent by 6.7% in the third quarter. Quadrature Capital Ltd now owns 2,452 shares of the business services provider’s stock valued at $210,000 after acquiring an additional 155 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Insider Transactions at Exponent

In other Exponent news, insider Eric Guyer sold 1,650 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $92.58, for a total value of $152,757.00. Following the transaction, the insider now directly owns 1,846 shares of the company’s stock, valued at approximately $170,902.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 5,030 shares of company stock valued at $418,242 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EXPO shares. StockNews.com raised Exponent from a “sell” rating to a “hold” rating in a report on Monday, March 4th. Truist Financial boosted their price objective on Exponent from $95.00 to $100.00 and gave the stock a “buy” rating in a research note on Monday, April 29th.

Exponent Price Performance

NASDAQ EXPO opened at $94.33 on Friday. Exponent, Inc. has a 12 month low of $64.61 and a 12 month high of $102.72. The company has a market capitalization of $4.78 billion, a P/E ratio of 47.64 and a beta of 0.64. The company’s 50 day simple moving average is $81.47 and its 200 day simple moving average is $82.00.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.13. The company had revenue of $137.21 million for the quarter, compared to analysts’ expectations of $125.98 million. Exponent had a return on equity of 28.13% and a net margin of 18.72%. The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.56 earnings per share. On average, analysts anticipate that Exponent, Inc. will post 1.92 earnings per share for the current year.

Exponent Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Friday, June 7th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, June 7th. Exponent’s payout ratio is 56.57%.

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.