PineStone Asset Management Inc. Purchases 10,811 Shares of Exponent, Inc. (NASDAQ:EXPO)

PineStone Asset Management Inc. raised its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 12.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,311 shares of the business services provider’s stock after buying an additional 10,811 shares during the period. PineStone Asset Management Inc. owned 0.19% of Exponent worth $8,760,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Creative Planning boosted its position in shares of Exponent by 24.9% in the third quarter. Creative Planning now owns 21,320 shares of the business services provider’s stock valued at $2,458,000 after acquiring an additional 4,250 shares during the period. Trust Point Inc. boosted its position in Exponent by 2.9% in the third quarter. Trust Point Inc. now owns 12,580 shares of the business services provider’s stock valued at $1,450,000 after buying an additional 360 shares in the last quarter. Net Worth Advisory Group bought a new stake in Exponent during the 3rd quarter worth about $406,000. Raymond James & Associates raised its position in Exponent by 4.2% in the 3rd quarter. Raymond James & Associates now owns 507,562 shares of the business services provider’s stock worth $58,512,000 after purchasing an additional 20,527 shares during the last quarter. Finally, Compass Ion Advisors LLC acquired a new position in Exponent during the 3rd quarter valued at about $219,000. Institutional investors own 92.37% of the company’s stock.

Exponent Stock Performance

Shares of NASDAQ EXPO opened at $88.66 on Friday. The firm has a 50 day moving average price of $91.28 and a 200 day moving average price of $100.20. The stock has a market cap of $4.50 billion, a P/E ratio of 41.82 and a beta of 0.71. Exponent, Inc. has a 52-week low of $75.39 and a 52-week high of $115.75.

Exponent (NASDAQ:EXPO) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Exponent had a net margin of 19.52% and a return on equity of 27.76%. During the same period last year, the firm earned $0.41 EPS. Analysts predict that Exponent, Inc. will post 2.11 earnings per share for the current fiscal year.

Exponent Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, March 7th. This is an increase from Exponent’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 1.35%. Exponent’s dividend payout ratio is 52.83%.

Insider Activity

In other Exponent news, Director Paul R. Johnston sold 1,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $95.03, for a total value of $123,539.00. Following the sale, the director now owns 59,406 shares in the company, valued at $5,645,352.18. This trade represents a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.10% of the stock is owned by company insiders.

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.