Jacobs Solutions Inc. Plans Quarterly Dividend of $0.29 (NYSE:J)

Jacobs Solutions Inc. (NYSE:J) announced a quarterly dividend on Thursday, September 26th, NASDAQ reports. Investors of record on Friday, October 25th will be paid a dividend of 0.29 per share on Friday, November 22nd. This represents a $1.16 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Friday, October 25th.

Jacobs Solutions has increased its dividend payment by an average of 11.0% per year over the last three years. Jacobs Solutions has a dividend payout ratio of 12.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Jacobs Solutions to earn $8.94 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 13.0%.

Jacobs Solutions Stock Performance

Shares of J stock traded up $0.98 during trading hours on Friday, reaching $155.59. 602,472 shares of the company’s stock were exchanged, compared to its average volume of 667,769. The business has a fifty day moving average price of $146.41 and a 200-day moving average price of $144.25. The stock has a market capitalization of $19.48 billion, a P/E ratio of 30.07, a P/E/G ratio of 1.70 and a beta of 0.72. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.31. Jacobs Solutions has a fifty-two week low of $120.71 and a fifty-two week high of $156.31.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.96. Jacobs Solutions had a return on equity of 14.76% and a net margin of 3.72%. The firm had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.39 billion. During the same period in the previous year, the company posted $1.82 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Analysts predict that Jacobs Solutions will post 7.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on J. Robert W. Baird reduced their target price on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. StockNews.com started coverage on shares of Jacobs Solutions in a research report on Tuesday. They set a “buy” rating on the stock. Truist Financial reissued a “hold” rating and issued a $158.00 price target (up previously from $153.00) on shares of Jacobs Solutions in a research report on Wednesday, August 7th. Royal Bank of Canada lifted their price objective on Jacobs Solutions from $161.00 to $167.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, UBS Group upped their price objective on Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $161.67.

Insider Buying and Selling

In related news, SVP William B. Allen, Jr. sold 1,451 shares of Jacobs Solutions stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the transaction, the senior vice president now directly owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP William B. Allen, Jr. sold 1,451 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $146.51, for a total value of $212,586.01. Following the completion of the sale, the senior vice president now owns 26,699 shares of the company’s stock, valued at $3,911,670.49. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Christopher M.T. Thompson sold 1,898 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $150.85, for a total value of $286,313.30. Following the transaction, the director now directly owns 42,069 shares in the company, valued at approximately $6,346,108.65. The disclosure for this sale can be found here. Insiders have sold a total of 21,516 shares of company stock worth $3,132,273 in the last three months. Insiders own 1.00% of the company’s stock.

About Jacobs Solutions

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.