Arkadios Wealth Advisors Purchases 1,115 Shares of Exponent, Inc. $EXPO

Arkadios Wealth Advisors raised its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 5.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,228 shares of the business services provider’s stock after purchasing an additional 1,115 shares during the quarter. Arkadios Wealth Advisors’ holdings in Exponent were worth $1,586,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of EXPO. Brooklyn Investment Group grew its stake in Exponent by 10,200.0% in the 1st quarter. Brooklyn Investment Group now owns 309 shares of the business services provider’s stock valued at $25,000 after buying an additional 306 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Exponent by 103.3% in the first quarter. Bessemer Group Inc. now owns 681 shares of the business services provider’s stock worth $55,000 after acquiring an additional 346 shares during the period. SVB Wealth LLC bought a new position in shares of Exponent in the first quarter worth $80,000. Caitong International Asset Management Co. Ltd lifted its holdings in Exponent by 8,092.9% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,147 shares of the business services provider’s stock worth $93,000 after purchasing an additional 1,133 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in Exponent by 43.7% during the 1st quarter. Covestor Ltd now owns 1,785 shares of the business services provider’s stock worth $145,000 after purchasing an additional 543 shares in the last quarter. Institutional investors own 92.37% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Exponent in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Exponent has an average rating of “Hold”.

Insider Activity at Exponent

In other Exponent news, VP Joseph Sala sold 1,595 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $70.64, for a total value of $112,670.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Catherine Corrigan sold 4,930 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $66.82, for a total transaction of $329,422.60. Following the completion of the sale, the chief executive officer owned 82,753 shares of the company’s stock, valued at approximately $5,529,555.46. The trade was a 5.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 16,326 shares of company stock valued at $1,133,059. 1.60% of the stock is owned by insiders.

Exponent Price Performance

EXPO stock opened at $70.81 on Friday. Exponent, Inc. has a one year low of $63.81 and a one year high of $112.75. The stock has a market cap of $3.58 billion, a PE ratio of 35.41 and a beta of 0.91. The firm has a 50 day simple moving average of $69.17 and a two-hundred day simple moving average of $73.07.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Thursday, October 30th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Exponent had a net margin of 18.35% and a return on equity of 24.19%. The company had revenue of $137.07 million during the quarter, compared to the consensus estimate of $131.78 million. During the same period in the previous year, the firm posted $0.50 EPS. The firm’s revenue was up 9.6% compared to the same quarter last year. On average, research analysts expect that Exponent, Inc. will post 1.98 EPS for the current fiscal year.

Exponent Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, December 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. Exponent’s dividend payout ratio is 60.00%.

Exponent announced that its Board of Directors has authorized a stock repurchase plan on Thursday, October 30th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the business services provider to purchase up to 3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Exponent 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.