Jacobs Solutions Inc. (NYSE:J) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Jacobs Solutions Inc. (NYSE:J) have been assigned a consensus rating of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $156.82.

Several equities research analysts have recently issued reports on J shares. Truist Financial reduced their price target on Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Argus lifted their price target on Jacobs Solutions from $161.00 to $174.00 and gave the company a “buy” rating in a report on Thursday, March 14th. Robert W. Baird reduced their price target on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating for the company in a report on Wednesday, May 8th. StockNews.com lowered Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 22nd. Finally, Citigroup lifted their price target on Jacobs Solutions from $161.00 to $169.00 and gave the company a “buy” rating in a report on Monday, April 22nd.

Jacobs Solutions Trading Up 0.2 %

Shares of NYSE J opened at $139.71 on Friday. Jacobs Solutions has a one year low of $116.00 and a one year high of $154.50. The firm has a market capitalization of $17.49 billion, a PE ratio of 26.97, a PEG ratio of 1.61 and a beta of 0.73. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $140.39 and a two-hundred day moving average price of $140.43.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.07. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.33 billion. During the same period last year, the company posted $1.81 EPS. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, analysts predict that Jacobs Solutions will post 7.98 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 21st. Stockholders of record on Friday, May 24th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date was Thursday, May 23rd. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

Insider Activity

In related news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $1,072,400.00. Following the sale, the insider now owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $153.20, for a total value of $1,072,400.00. Following the sale, the insider now owns 555,138 shares of the company’s stock, valued at approximately $85,047,141.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total value of $217,965.00. Following the completion of the sale, the chief financial officer now directly owns 231,604 shares in the company, valued at approximately $33,654,377.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,000 shares of company stock worth $3,503,195. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Jacobs Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of J. First Pacific Financial bought a new stake in shares of Jacobs Solutions during the fourth quarter worth $27,000. GAMMA Investing LLC bought a new stake in shares of Jacobs Solutions during the fourth quarter worth $27,000. ICA Group Wealth Management LLC bought a new stake in shares of Jacobs Solutions during the fourth quarter worth $30,000. Union Savings Bank raised its position in shares of Jacobs Solutions by 78.1% during the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after acquiring an additional 125 shares during the last quarter. Finally, Northwest Financial Advisors bought a new stake in shares of Jacobs Solutions during the fourth quarter worth $39,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Jacobs Solutions Company Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.