Bank of America Corp DE Has $23.25 Million Position in Exponent, Inc. (NASDAQ:EXPO)

Bank of America Corp DE cut its position in Exponent, Inc. (NASDAQ:EXPO) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 260,954 shares of the business services provider’s stock after selling 28,006 shares during the quarter. Bank of America Corp DE’s holdings in Exponent were worth $23,251,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EXPO. Barclays PLC increased its stake in shares of Exponent by 219.0% in the third quarter. Barclays PLC now owns 96,526 shares of the business services provider’s stock valued at $11,127,000 after buying an additional 66,263 shares during the period. Empirical Asset Management LLC acquired a new position in Exponent in the 4th quarter valued at approximately $234,000. Trust Co. of Vermont acquired a new position in Exponent in the 4th quarter valued at approximately $45,000. Mitchell & Pahl Private Wealth LLC raised its stake in shares of Exponent by 9.8% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 6,545 shares of the business services provider’s stock valued at $583,000 after acquiring an additional 584 shares during the last quarter. Finally, Inspire Investing LLC raised its stake in shares of Exponent by 25.4% during the fourth quarter. Inspire Investing LLC now owns 4,495 shares of the business services provider’s stock valued at $401,000 after acquiring an additional 910 shares during the last quarter. 92.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Exponent news, VP Richard Reiss sold 1,736 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $85.93, for a total transaction of $149,174.48. Following the completion of the sale, the vice president now owns 1,800 shares of the company’s stock, valued at approximately $154,674. This represents a 49.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.10% of the stock is owned by insiders.

Exponent Stock Up 1.0%

Shares of Exponent stock opened at $80.05 on Monday. The stock has a market cap of $4.06 billion, a price-to-earnings ratio of 37.76 and a beta of 0.95. Exponent, Inc. has a twelve month low of $73.37 and a twelve month high of $115.75. The company’s fifty day moving average is $79.27 and its 200 day moving average is $87.74.

Exponent (NASDAQ:EXPO) last announced its earnings results on Thursday, May 1st. The business services provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. Exponent had a return on equity of 27.27% and a net margin of 19.52%. The firm had revenue of $137.44 million for the quarter, compared to the consensus estimate of $134.63 million. During the same period in the previous year, the business earned $0.59 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities analysts anticipate that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.

Exponent Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, June 6th. Exponent’s dividend payout ratio is currently 58.54%.

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.