Arkadios Wealth Advisors Has $2.68 Million Stock Holdings in Exponent, Inc. (NASDAQ:EXPO)

Arkadios Wealth Advisors raised its holdings in Exponent, Inc. (NASDAQ:EXPO) by 40.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,207 shares of the business services provider’s stock after acquiring an additional 6,665 shares during the quarter. Arkadios Wealth Advisors’ holdings in Exponent were worth $2,675,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Exponent by 5.8% in the first quarter. Vanguard Group Inc. now owns 5,286,652 shares of the business services provider’s stock valued at $437,153,000 after acquiring an additional 291,047 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Exponent by 6.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,640,600 shares of the business services provider’s stock valued at $441,414,000 after purchasing an additional 284,179 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of Exponent by 2.8% in the second quarter. Conestoga Capital Advisors LLC now owns 2,763,260 shares of the business services provider’s stock valued at $262,841,000 after purchasing an additional 75,909 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Exponent by 0.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,019,085 shares of the business services provider’s stock valued at $96,937,000 after purchasing an additional 6,108 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Exponent by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 534,520 shares of the business services provider’s stock valued at $50,844,000 after purchasing an additional 17,849 shares during the period. 92.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP John Pye sold 3,956 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $105.00, for a total transaction of $415,380.00. Following the transaction, the vice president now owns 28,422 shares of the company’s stock, valued at approximately $2,984,310. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reissued a “buy” rating and issued a $120.00 price target (up previously from $100.00) on shares of Exponent in a research report on Friday, July 26th.

Exponent Stock Down 8.9 %

NASDAQ:EXPO opened at $96.92 on Friday. Exponent, Inc. has a 12 month low of $64.61 and a 12 month high of $115.75. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 47.28 and a beta of 0.66. The company’s 50 day moving average is $108.99 and its 200-day moving average is $100.16.

Exponent (NASDAQ:EXPO) last released its quarterly earnings results on Thursday, October 24th. The business services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Exponent had a net margin of 19.35% and a return on equity of 28.39%. The company had revenue of $125.09 million for the quarter, compared to analyst estimates of $125.96 million. Research analysts predict that Exponent, Inc. will post 2.04 EPS for the current fiscal year.

Exponent Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend is Friday, December 6th. Exponent’s dividend payout ratio (DPR) is currently 54.63%.

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.