Exponent, Inc. (NASDAQ:EXPO) Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc lessened its stake in shares of Exponent, Inc. (NASDAQ:EXPO) by 12.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,050 shares of the business services provider’s stock after selling 600 shares during the quarter. Capital Investment Counsel Inc’s holdings in Exponent were worth $361,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of EXPO. TimesSquare Capital Management LLC grew its holdings in shares of Exponent by 22.4% during the fourth quarter. TimesSquare Capital Management LLC now owns 342,850 shares of the business services provider’s stock worth $30,548,000 after buying an additional 62,760 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of Exponent by 4.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,531 shares of the business services provider’s stock valued at $226,000 after purchasing an additional 111 shares during the period. Principal Financial Group Inc. increased its stake in Exponent by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 132,201 shares of the business services provider’s stock valued at $11,779,000 after purchasing an additional 780 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its position in Exponent by 10.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 22,127 shares of the business services provider’s stock worth $1,972,000 after buying an additional 2,088 shares during the period. Finally, PineStone Asset Management Inc. lifted its position in Exponent by 12.4% during the fourth quarter. PineStone Asset Management Inc. now owns 98,311 shares of the business services provider’s stock worth $8,760,000 after buying an additional 10,811 shares during the period. Hedge funds and other institutional investors own 92.37% of the company’s stock.

Exponent Price Performance

NASDAQ EXPO opened at $85.50 on Friday. The company has a market cap of $4.34 billion, a P/E ratio of 40.33 and a beta of 0.71. Exponent, Inc. has a 12 month low of $75.81 and a 12 month high of $115.75. The company has a 50-day moving average of $90.60 and a 200-day moving average of $99.70.

Exponent (NASDAQ:EXPO) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.46 EPS for the quarter, topping the consensus estimate 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 quarter last year, the business earned $0.41 earnings per share. As a group, equities research analysts anticipate that Exponent, Inc. will post 1.98 EPS for the current year.

Exponent Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, March 7th will be given a $0.30 dividend. 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 1.40%. The ex-dividend date is Friday, March 7th. Exponent’s dividend payout ratio (DPR) is 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.