Jacobs Engineering Group Inc (NYSE:JEC) has earned an average recommendation of “Buy” from the fifteen research firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $84.29.
A number of analysts have weighed in on JEC shares. Robert W. Baird set a $83.00 price objective on shares of Jacobs Engineering Group and gave the stock a “buy” rating in a report on Wednesday, February 20th. Barclays reissued an “overweight” rating and set a $85.00 price objective on shares of Jacobs Engineering Group in a report on Tuesday, April 30th. Citigroup set a $83.00 price objective on shares of Jacobs Engineering Group and gave the stock a “buy” rating in a report on Wednesday, February 20th. MKM Partners set a $87.00 price objective on shares of Jacobs Engineering Group and gave the stock a “buy” rating in a report on Tuesday, March 19th. Finally, Cowen started coverage on shares of Jacobs Engineering Group in a report on Monday, January 28th. They set an “outperform” rating and a $77.00 price objective on the stock.
Jacobs Engineering Group stock traded up $0.66 during trading on Friday, reaching $75.86. The stock had a trading volume of 24,539 shares, compared to its average volume of 1,211,818. Jacobs Engineering Group has a 52-week low of $55.17 and a 52-week high of $82.24. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $10.58 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.63 and a beta of 1.44.
Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings results on Tuesday, May 7th. The construction company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.09 by $0.10. Jacobs Engineering Group had a net margin of 2.13% and a return on equity of 11.16%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the previous year, the firm earned $1.00 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, research analysts anticipate that Jacobs Engineering Group will post 4.69 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 17th will be issued a $0.17 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.90%. Jacobs Engineering Group’s payout ratio is 15.21%.
In other news, SVP Michael R. Tyler sold 676 shares of Jacobs Engineering Group stock in a transaction on Monday, March 4th. The shares were sold at an average price of $74.67, for a total value of $50,476.92. Following the transaction, the senior vice president now directly owns 27,150 shares of the company’s stock, valued at approximately $2,027,290.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph R. Bronson sold 10,000 shares of Jacobs Engineering Group stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $76.45, for a total transaction of $764,500.00. Following the completion of the transaction, the director now directly owns 35,302 shares in the company, valued at $2,698,837.90. The disclosure for this sale can be found here. Insiders sold a total of 23,982 shares of company stock worth $1,820,176 over the last ninety days. Corporate insiders own 0.92% of the company’s stock.
Several institutional investors have recently made changes to their positions in JEC. Citizens Financial Group Inc RI acquired a new position in Jacobs Engineering Group in the 4th quarter valued at $28,000. Sandy Spring Bank increased its stake in Jacobs Engineering Group by 100.0% in the 1st quarter. Sandy Spring Bank now owns 400 shares of the construction company’s stock valued at $30,000 after buying an additional 200 shares during the period. First Manhattan Co. increased its stake in Jacobs Engineering Group by 115.9% in the 1st quarter. First Manhattan Co. now owns 462 shares of the construction company’s stock valued at $34,000 after buying an additional 248 shares during the period. CSat Investment Advisory L.P. increased its stake in Jacobs Engineering Group by 86.9% in the 4th quarter. CSat Investment Advisory L.P. now owns 600 shares of the construction company’s stock valued at $35,000 after buying an additional 279 shares during the period. Finally, Cresset Asset Management LLC acquired a new position in Jacobs Engineering Group in the 1st quarter valued at $35,000. 95.23% of the stock is currently owned by institutional investors and hedge funds.
About Jacobs Engineering Group
Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.
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