Mutual of America Capital Management LLC Has $5.96 Million Stock Position in Exponent, Inc. $EXPO

Mutual of America Capital Management LLC lifted its holdings in shares of Exponent, Inc. (NASDAQ:EXPO) by 205.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 79,785 shares of the business services provider’s stock after buying an additional 53,658 shares during the period. Mutual of America Capital Management LLC’s holdings in Exponent were worth $5,961,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. State of Alaska Department of Revenue raised its holdings in shares of Exponent by 2.7% during the 1st quarter. State of Alaska Department of Revenue now owns 5,946 shares of the business services provider’s stock worth $481,000 after buying an additional 155 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of Exponent by 1.7% during the 1st quarter. State of Michigan Retirement System now owns 12,200 shares of the business services provider’s stock worth $989,000 after buying an additional 200 shares in the last quarter. Hardy Reed LLC raised its holdings in shares of Exponent by 5.5% during the 1st quarter. Hardy Reed LLC now owns 3,850 shares of the business services provider’s stock worth $312,000 after buying an additional 202 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Exponent by 10,200.0% during the 1st quarter. Brooklyn Investment Group now owns 309 shares of the business services provider’s stock worth $25,000 after buying an additional 306 shares in the last quarter. Finally, State of Wyoming raised its holdings in shares of Exponent by 10.3% during the 1st quarter. State of Wyoming now owns 3,583 shares of the business services provider’s stock worth $290,000 after buying an additional 335 shares in the last quarter. Institutional investors and hedge funds own 92.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Exponent in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Exponent Stock Up 1.2%

Shares of EXPO opened at $69.92 on Wednesday. Exponent, Inc. has a 12-month low of $63.81 and a 12-month high of $112.75. The business has a 50-day simple moving average of $69.54 and a two-hundred day simple moving average of $73.64. The stock has a market cap of $3.53 billion, a PE ratio of 34.96 and a beta of 0.91.

Exponent (NASDAQ:EXPO) last issued its earnings results on Thursday, July 31st. The business services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. Exponent had a return on equity of 24.19% and a net margin of 18.35%.The business had revenue of $132.87 million during the quarter, compared to analysts’ expectations of $130.82 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, equities research analysts expect that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 5th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, September 5th. Exponent’s dividend payout ratio is presently 60.00%.

Insider Transactions at Exponent

In other Exponent news, CEO Catherine Corrigan sold 4,930 shares of the company’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $66.82, for a total value of $329,422.60. Following the completion of the transaction, the chief executive officer owned 82,753 shares of the company’s stock, valued at $5,529,555.46. This represents a 5.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Joseph Sala sold 1,595 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $70.64, for a total value of $112,670.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,326 shares of company stock valued at $1,133,059. Insiders own 1.60% of the company’s stock.

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.