Kayne Anderson Rudnick Investment recently announced the acquisition of new stake in Exponent Inc. (NASDAQ:EXPO). The institutional investor has increased its shareholding in the Industrials company by 0.78% to 4.16 million shares with purchase of 32128.0 shares. This fresh investment now brings its stake to 8.22% valued currently at $412.21 million. In addition, SSgA Funds Management, Inc. raised its holdings by 6352.0 to 1.7 million shares. And Geneva Capital Management LLC has lifted its position by 4.01% or 53718.0 shares – to 1.39 million shares.
With over 0.1 million Exponent Inc. (EXPO) shares trading Monday and a closing price of $101.87 on the day, the dollar volume was approximately $10.63 million. The shares have shown a positive half year performance of 8.59% and its price on 01/23/23 gained nearly 0.79%. Currently, there are 51.49M common shares owned by the public and among those 50.00M shares have been available to trade.
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The analysts have set the share’s price value over the next 12 months at a high of $120.00 and a low of $120.00. The average price target is 15.11% above its recent price level and an upside to the estimated low will see the stock gain 15.11% over that period. But an upside of 15.11% will see the stock hit the forecast high price target while median target price for the stock is $120.00.
Insiders at the company have transacted a total of 35 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 112,048 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 58,542 shares.
The top 3 mutual fund holders in Exponent Inc. are iShares Core S&P Small Cap ETF, Neuberger Berman Genesis Fund, and Vanguard Total Stock Market Index. iShares Core S&P Small Cap ETF owns 3.74 million shares of the company’s stock, all valued at over $370.59 million. The company sold 8931.0 shares recently to bring their total holdings to about 7.39% of the shares outstanding. Neuberger Berman Genesis Fund sold 13746.0 shares to see its total holdings shrink to 1.84 million shares valued at over $182.07 million and representing 3.63% of the shares outstanding. Vanguard Total Stock Market Index bought 6113.0 shares to bring its total holdings to over 1.55 million shares at a value of $153.1 million. Vanguard Total Stock Market Index now owns shares totaling to 3.05% of the shares outstanding.
Shares of Exponent Inc. (NASDAQ: EXPO) opened at $101.44, up $0.37 from a prior closing price of $101.07. However, the script later moved the day high at 102.76, up 0.79%. The company’s stock has a 5-day price change of 0.41% and 15.66% over the past three months. EXPO shares are trading 2.81% year to date (YTD), with the 12-month market performance up to 9.71% higher. It has a 12-month low price of $80.97 and touched a high of $112.06 over the same period. EXPO has an average intraday trading volume of 156.08K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.12%, 1.05%, and 6.61% respectively.
Institutional ownership of Exponent Inc. (NASDAQ: EXPO) shares accounts for 94.40% of the company’s 51.49M shares outstanding. Mutual fund holders own 52.15%, while other institutional holders and individual stakeholders account for 7.78% and 41.19% respectively.
It has a market capitalization of $5.05B and a beta (3y monthly) value of 0.64. The stock’s trailing 12-month PE ratio is 53.56, while the earnings-per-share (ttm) stands at $1.90. The company has a PEG of 3.57 and a Quick Ratio of 2.40 with the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.17% over the week and 2.25% over the month.
Analysts forecast that Exponent Inc. (EXPO) will achieve an EPS of $0.38 for the current quarter, $0.57 for the next quarter and $2.03 for 2023. The lowest estimate earnings-per-share for the quarter is $0.38 while analysts give the company a high EPS estimate of $0.39. Comparatively, EPS for the current quarter was $0.38 a year ago. Earnings per share for the fiscal year are expected to increase by 22.60%, and 7.03% over the next financial year. EPS should shrink at an annualized rate of 15.00% over the next five years, compared to 16.80% over the past 5-year period.
Berenberg on their part issued Buy rating on September 12, 2018.
