Allspring Global Investments Holdings LLC Buys 4,254 Shares of Exponent, Inc. (NASDAQ:EXPO)

Allspring Global Investments Holdings LLC increased its stake in Exponent, Inc. (NASDAQ:EXPO) by 223.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,158 shares of the business services provider’s stock after purchasing an additional 4,254 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Exponent were worth $541,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of EXPO. Creative Planning increased its stake in shares of Exponent by 24.9% in the 3rd quarter. Creative Planning now owns 21,320 shares of the business services provider’s stock valued at $2,458,000 after acquiring an additional 4,250 shares in the last quarter. International Assets Investment Management LLC bought a new stake in Exponent during the 3rd quarter valued at $11,261,000. Wealth Enhancement Advisory Services LLC bought a new stake in Exponent during the 3rd quarter valued at $215,000. State of Alaska Department of Revenue increased its stake in Exponent by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,866 shares of the business services provider’s stock valued at $676,000 after purchasing an additional 395 shares in the last quarter. Finally, Stephens Inc. AR bought a new stake in Exponent during the 3rd quarter valued at $259,000. Institutional investors own 92.37% of the company’s stock.

Exponent Trading Up 0.3 %

Shares of EXPO stock opened at $84.78 on Tuesday. The firm has a market capitalization of $4.30 billion, a PE ratio of 39.99 and a beta of 0.71. The firm has a fifty day simple moving average of $90.26 and a two-hundred day simple moving average of $99.40. Exponent, Inc. has a 12 month low of $77.21 and a 12 month high of $115.75.

Exponent (NASDAQ:EXPO) last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Exponent had a net margin of 19.52% and a return on equity of 27.27%. During the same quarter last year, the firm posted $0.41 earnings per share. On average, equities analysts predict that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.

Exponent Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.42%. This is an increase from Exponent’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, March 7th. Exponent’s payout ratio is currently 52.83%.

Exponent Company 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.