Jacobs Solutions (NYSE:J – Free Report) had its price objective lifted by Royal Bank Of Canada from $171.00 to $174.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an outperform rating on the stock.
J has been the topic of several other reports. Citigroup lifted their price target on shares of Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial cut their price objective on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Robert W. Baird lowered their target price on Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Finally, KeyCorp dropped their target price on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Jacobs Solutions currently has an average rating of “Hold” and an average target price of $152.22.
Check Out Our Latest Research Report on J
Jacobs Solutions Trading Up 0.7%
Jacobs Solutions (NYSE:J – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.83 by $0.01. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.Jacobs Solutions’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Equities analysts anticipate that Jacobs Solutions will post 7.26 EPS for the current fiscal year.
Jacobs Solutions Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be given a $0.36 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. Jacobs Solutions’s payout ratio is 51.06%.
Insiders Place Their Bets
In other news, Director Manuel J. Fernandez acquired 253 shares of Jacobs Solutions stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $112.56 per share, with a total value of $28,477.68. Following the purchase, the director owned 12,504 shares in the company, valued at $1,407,450.24. This trade represents a 2.07% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert V. Pragada bought 3,601 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the acquisition, the chief executive officer owned 333,755 shares of the company’s stock, valued at $37,076,842.95. This trade represents a 1.09% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.48% of the company’s stock.
Hedge Funds Weigh In On Jacobs Solutions
Institutional investors and hedge funds have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Jacobs Solutions by 737.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 159,189 shares of the company’s stock worth $21,086,000 after buying an additional 140,179 shares during the last quarter. Kepler Cheuvreux Suisse SA purchased a new position in Jacobs Solutions during the fourth quarter valued at $2,161,000. Crossmark Global Holdings Inc. boosted its holdings in Jacobs Solutions by 360.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 24,819 shares of the company’s stock worth $3,288,000 after acquiring an additional 19,427 shares in the last quarter. Catalyst Funds Management Pty Ltd purchased a new stake in shares of Jacobs Solutions in the fourth quarter worth $3,312,000. Finally, Goldman Sachs Group Inc. grew its stake in shares of Jacobs Solutions by 24.7% in 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 during the last quarter. 85.65% of the stock is currently owned by institutional investors.
About Jacobs Solutions
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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