Everhart Financial Group Inc. Buys Shares of 2,529 Exponent, Inc. (NASDAQ:EXPO)

Everhart Financial Group Inc. bought a new stake in Exponent, Inc. (NASDAQ:EXPO) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,529 shares of the business services provider’s stock, valued at approximately $205,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Raymond James Financial Inc. purchased a new stake in shares of Exponent in the 4th quarter valued at $55,131,000. Norges Bank purchased a new stake in shares of Exponent in the 4th quarter valued at $52,381,000. Resona Asset Management Co. Ltd. purchased a new stake in shares of Exponent in the 4th quarter valued at $38,538,000. BLI Banque de Luxembourg Investments purchased a new stake in shares of Exponent in the 4th quarter valued at $12,564,000. Finally, Barclays PLC raised its holdings in shares of Exponent by 88.5% in the 4th quarter. Barclays PLC now owns 181,921 shares of the business services provider’s stock valued at $16,209,000 after buying an additional 85,395 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Insider Buying and Selling

In other news, VP John Pye sold 2,000 shares of the company’s stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $76.32, for a total transaction of $152,640.00. Following the completion of the transaction, the vice president now directly owns 29,204 shares of the company’s stock, valued at approximately $2,228,849.28. This represents a 6.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Bradley A. James sold 2,694 shares of the company’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $79.52, for a total value of $214,226.88. The disclosure for this sale can be found here. Insiders sold 6,267 shares of company stock valued at $489,120 in the last three months. 2.10% of the stock is owned by corporate insiders.

Exponent Trading Down 0.7%

EXPO stock opened at $75.10 on Friday. The company has a market capitalization of $3.81 billion, a PE ratio of 35.42 and a beta of 0.92. Exponent, Inc. has a 12-month low of $73.37 and a 12-month high of $115.75. The business’s fifty day moving average price is $77.93 and its 200 day moving average price is $84.73.

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

Exponent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, June 6th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $1.20 annualized dividend and a yield of 1.60%. Exponent’s payout ratio is 58.54%.

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.