Pinestone Asset Management 13F: Cuts EXPO Stake by $7.2M

Pinestone Asset Management significantly reduced its holdings in Exponent, Inc. (NasdaqGS: EXPO), cutting its position by 87% as of its latest SEC filing on May 1, 2026. The fund now holds 16,994 shares, a decrease of 122,500 shares from its previous stake, valued at approximately $970,017.

What Changed in Pinestone Asset Management's Exponent, Inc. Position

Pinestone Asset Management's recent filing shows a major reduction in its investment in Exponent, Inc. The firm slashed its holdings by 87%, dropping from 139,494 shares to just 16,994 shares. This move reflects a considerable decrease in confidence or a shift in investment strategy. The current value of this position stands around $970,017.

Other Institutional Activity in Exponent, Inc.

Several other major institutional investors also adjusted their positions in Exponent, Inc. BlackRock, Inc. reduced its stake by 95,655 shares, bringing its total to 6,068,812 shares valued at about $396 million. Kayne Anderson Rudnick Investment Management LLC also cut back by 256,799 shares, now holding 3,886,308 shares worth approximately $254 million. Meanwhile, State Street Corp showed a slight increase, adding 33,910 shares to hold a total of 1,889,536 shares valued at $123 million.

Exponent, Inc. Stock Down 14.0%

Shares of Exponent, Inc. are trading around $57.08. The company has a market cap of $2.77 billion and a P/E ratio of 26.67, indicating how much investors are willing to pay per dollar of earnings. Its 52-week range is between $51.91 and $81.95, with a 50-day moving average of $62.07 and a 200-day moving average of $68.44. The firm maintains a current ratio of 2.40, showing strong liquidity, and a debt-to-equity ratio of 23.95.

Recent Earnings

Exponent, Inc. reported revenues of $551.1 million, reflecting a growth rate of 10.5%. The company's net margin stands at 19.76%, with a return on equity of 27.94%. Earnings per share (EPS) were $2.14. Investors can expect the next earnings announcement on July 30, 2026.

Dividend

Exponent, Inc. offers an annual dividend rate of $1.22 per share, yielding 2.14%. The dividend payout ratio is 56.54%, suggesting a balanced approach between rewarding shareholders and retaining earnings for growth.

Insider Buying and Selling at Exponent, Inc.

Recent insider activity at Exponent, Inc. includes several purchases. On June 4, 2026, insiders Debra Zumwalt, George Brown, Carol Lindstrom, and Karen Richardson each acquired 2,859 shares. The previous day, George Brown and Paul Johnston made trades involving 2,009 shares each, with Johnston selling his shares.

Analysts Set New Price Targets

Analysts have maintained their positions on Exponent, Inc. On May 15, 2026, JP Morgan reiterated a 'buy' rating with a target price of $80. UBS maintained a 'hold' rating on May 1, 2026, with a target of $75. The consensus among analysts suggests a mean target price of $81.67 based on three opinions.

About Exponent, Inc.

Exponent, Inc. is a consulting firm that specializes in science and engineering services, headquartered in Menlo Park, California. The company operates through two main segments: Engineering and Other Scientific, and Environmental and Health. It provides a broad range of services including biomechanics, civil engineering, and environmental sciences. Led by CEO Dr. Catherine Ford Corrigan, Exponent employs over 1,000 people and serves various sectors such as consumer products, energy, and technology.

Bottom Line

Pinestone Asset Management's substantial cut in Exponent, Inc. holdings reflects a significant strategic change. While the company's fundamentals remain strong, with a solid market presence and consistent earnings growth, investors should note that 13F filings are historical and do not necessarily indicate current positions. As always, it's essential to consider the broader market context and individual investment goals.