Jacobs Solutions Inc. (NYSE:J – Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $105.68 and last traded at $107.0770, with a volume of 2646277 shares. The stock had previously closed at $114.15.
Analyst Ratings Changes
A number of research firms have recently commented on J. Zacks Research upgraded shares of Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. KeyCorp reduced their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Citigroup boosted their price target on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Royal Bank Of Canada boosted their price target on shares of Jacobs Solutions from $160.00 to $169.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.40.
Read Our Latest Stock Analysis on J
Jacobs Solutions Price Performance
Jacobs Solutions (NYSE:J – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the firm posted $1.43 EPS. The firm’s revenue was up 8.9% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. As a group, sell-side analysts predict that Jacobs Solutions Inc. will post 7.22 earnings per share for the current fiscal year.
Jacobs Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, May 22nd. Jacobs Solutions’s payout ratio is currently 44.72%.
Insiders Place Their Bets
In other news, President Shannon Miller sold 1,440 shares of Jacobs Solutions stock in a transaction on Friday, March 6th. The shares were sold at an average price of $134.13, for a total transaction of $193,147.20. Following the completion of the sale, the president directly owned 25,344 shares of the company’s stock, valued at approximately $3,399,390.72. The trade was a 5.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Manuel J. Fernandez acquired 403 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of $121.93 per share, with a total value of $49,137.79. Following the completion of the acquisition, the director directly owned 12,251 shares in the company, valued at $1,493,764.43. The trade was a 3.40% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.48% of the company’s stock.
Institutional Trading of Jacobs Solutions
Several hedge funds have recently added to or reduced their stakes in J. Empowered Funds LLC lifted its stake in Jacobs Solutions by 92.3% in the first quarter. Empowered Funds LLC now owns 6,720 shares of the company’s stock worth $812,000 after purchasing an additional 3,226 shares during the last quarter. Woodline Partners LP lifted its stake in Jacobs Solutions by 38.7% in the first quarter. Woodline Partners LP now owns 10,353 shares of the company’s stock worth $1,252,000 after purchasing an additional 2,891 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Jacobs Solutions in the second quarter worth $321,000. Baird Financial Group Inc. lifted its stake in Jacobs Solutions by 1.7% in the second quarter. Baird Financial Group Inc. now owns 15,022 shares of the company’s stock worth $1,975,000 after purchasing an additional 248 shares during the last quarter. Finally, AXA S.A. lifted its stake in Jacobs Solutions by 14.9% in the second quarter. AXA S.A. now owns 19,670 shares of the company’s stock worth $2,586,000 after purchasing an additional 2,556 shares during the last quarter. 85.65% of the stock is owned by institutional investors.
Jacobs Solutions Company Profile
Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.
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