Exponent, Inc. (EXPO) Shares Bought by Certified Advisory Corp

Certified Advisory Corp increased its position in shares of Exponent, Inc. (NASDAQ:EXPO) by 214.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,033 shares of the business services provider’s stock after buying an additional 3,433 shares during the period. Certified Advisory Corp’s holdings in Exponent were worth $255,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Isthmus Partners LLC boosted its stake in Exponent by 3.5% in the fourth quarter. Isthmus Partners LLC now owns 31,177 shares of the business services provider’s stock worth $1,581,000 after purchasing an additional 1,062 shares in the last quarter. Hardy Reed LLC acquired a new position in shares of Exponent during the fourth quarter valued at $216,000. LS Investment Advisors LLC lifted its stake in shares of Exponent by 93.1% during the fourth quarter. LS Investment Advisors LLC now owns 2,723 shares of the business services provider’s stock valued at $138,000 after acquiring an additional 1,313 shares during the period. Sawgrass Asset Management LLC acquired a new position in shares of Exponent during the fourth quarter valued at $429,000. Finally, TD Asset Management Inc. lifted its stake in shares of Exponent by 13.2% during the fourth quarter. TD Asset Management Inc. now owns 201,400 shares of the business services provider’s stock valued at $10,213,000 after acquiring an additional 23,500 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Shares of EXPO opened at $51.77 on Monday. Exponent, Inc. has a 12-month low of $35.42 and a 12-month high of $54.58. The firm has a market cap of $2.69 billion, a PE ratio of 40.92 and a beta of 0.40.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Thursday, January 31st. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. Exponent had a return on equity of 21.53% and a net margin of 19.04%. The business had revenue of $85.27 million for the quarter, compared to analyst estimates of $88.21 million. Analysts forecast that Exponent, Inc. will post 1.37 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, March 7th. This is a positive change from Exponent’s previous quarterly dividend of $0.13. Exponent’s dividend payout ratio is 41.60%.

Several brokerages have recently issued reports on EXPO. BidaskClub lowered Exponent from a “buy” rating to a “hold” rating in a research note on Thursday, December 6th. Zacks Investment Research lowered Exponent from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $56.00 price target on shares of Exponent in a research note on Friday, February 1st. Finally, ValuEngine raised Exponent from a “sell” rating to a “hold” rating in a research note on Thursday, December 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $56.00.

TRADEMARK VIOLATION WARNING: This report was published by WKRB News and is the property of of WKRB News. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.wkrb13.com/2019/02/11/exponent-inc-expo-shares-bought-by-certified-advisory-corp.html.

About Exponent

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company worldwide. Its services include analysis of product development, product recall, regulatory compliance, and the discovery of potential problems related to products, people, property, and impending litigation.

Recommended Story: Do stock splits help investors?

Want to see what other hedge funds are holding EXPO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exponent, Inc. (NASDAQ:EXPO).

Institutional Ownership by Quarter for Exponent (NASDAQ:EXPO)

Receive News & Ratings for Exponent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exponent and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply