Truist Financial Cuts Jacobs Solutions (NYSE:J) Price Target to $160.00

Jacobs Solutions (NYSE:J – Free Report) had its price target decreased by Truist Financial from $161.00 to $160.00 in a research note released on Monday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Several other research firms have also weighed in on J. Royal Bank Of Canada increased their price target on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. UBS Group lifted their price objective on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Finally, Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $154.80.

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Jacobs Solutions Stock Down 2.1%

J stock opened at $136.27 on Monday. The stock’s fifty day simple moving average is $143.49 and its two-hundred day simple moving average is $131.47. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. Jacobs Solutions has a 1-year low of $105.68 and a 1-year high of $168.44. The stock has a market cap of $16.09 billion, a P/E ratio of 48.32, a P/E/G ratio of 1.74 and a beta of 0.72.

Jacobs Solutions (NYSE:J – Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.01. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.The business’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Analysts expect that Jacobs Solutions will post 7.25 EPS for the current year.

Jacobs Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, August 21st were paid a dividend of $0.36 per share. The ex-dividend date was Friday, August 21st. This represents a $1.44 annualized dividend and a dividend yield of 1.1%. Jacobs Solutions’s dividend payout ratio is presently 51.06%.

Insiders Place Their Bets

In related news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $144.10, for a total value of $2,478,664.10. Following the completion of the sale, the president owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. This trade represents a 20.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.48% of the company’s stock.

Institutional Investors Weigh In On Jacobs Solutions

Institutional investors have recently added to or reduced their stakes in the business. Corient Private Wealth LP purchased a new position in Jacobs Solutions in the 2nd quarter valued at approximately $5,225,000. Amundi raised its holdings in Jacobs Solutions by 4.0% during the 2nd quarter. Amundi now owns 883,673 shares of the company’s stock valued at $111,328,000 after acquiring an additional 34,298 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Jacobs Solutions by 24.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 852,803 shares of the company’s stock worth $112,962,000 after acquiring an additional 169,059 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Jacobs Solutions during the second quarter worth $37,046,000. Finally, Ancora Advisors LLC boosted its holdings in shares of Jacobs Solutions by 34.9% in the second quarter. Ancora Advisors LLC now owns 31,427 shares of the company’s stock worth $3,960,000 after acquiring an additional 8,130 shares during the period. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Company Profile

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Jacobs Solutions Inc (NYSE:J), formerly known as Jacobs Engineering Group, is a global professional services and technology company that provides consulting, design, engineering, project management, and technical services. The company supports public- and private-sector clients with complex projects involving infrastructure, transportation, water, environmental remediation, advanced manufacturing, life sciences, energy, and other critical facilities.

Jacobs helps clients plan, design, build, operate, and maintain assets and systems.

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Analyst Recommendations for Jacobs Solutions (NYSE:J)

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