Exponent, Inc. (NASDAQ:EXPO) Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its position in Exponent, Inc. (NASDAQ:EXPO) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,636 shares of the business services provider’s stock after selling 6,333 shares during the period. Truist Financial Corp owned approximately 0.14% of Exponent worth $6,383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EXPO. Westside Investment Management Inc. purchased a new position in Exponent in the 3rd quarter valued at $26,000. Trust Co. of Vermont purchased a new position in Exponent in the 4th quarter valued at $45,000. Anchor Investment Management LLC purchased a new position in Exponent in the 3rd quarter valued at $64,000. Quarry LP grew its position in Exponent by 127.9% in the 3rd quarter. Quarry LP now owns 604 shares of the business services provider’s stock valued at $70,000 after buying an additional 339 shares during the last quarter. Finally, Mather Group LLC. grew its position in Exponent by 14.9% in the 4th quarter. Mather Group LLC. now owns 1,512 shares of the business services provider’s stock valued at $135,000 after buying an additional 196 shares during the last quarter. 92.37% of the stock is currently owned by hedge funds and other institutional investors.

Exponent Price Performance

NASDAQ:EXPO opened at $84.52 on Friday. The firm’s fifty day moving average price is $90.43 and its 200 day moving average price is $99.56. Exponent, Inc. has a 1-year low of $75.81 and a 1-year high of $115.75. The firm has a market cap of $4.29 billion, a price-to-earnings ratio of 39.87 and a beta of 0.71.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. Exponent had a net margin of 19.52% and a return on equity of 27.27%. During the same period last year, the business posted $0.41 EPS. As a group, analysts expect that Exponent, Inc. will post 1.98 earnings per share for the current fiscal year.

Exponent Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Friday, March 7th will be given a dividend of $0.30 per share. This is a positive change from Exponent’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, March 7th. Exponent’s payout ratio is presently 52.83%.

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.