Perigon Wealth Management LLC purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 6,714 shares of the company’s stock, valued at approximately $846,000.
A number of other hedge funds have also recently added to or reduced their stakes in J. Measured Wealth Private Client Group LLC acquired a new stake in shares of Jacobs Solutions during the third quarter worth $27,000. Wealth Watch Advisors INC acquired a new position in shares of Jacobs Solutions in the 3rd quarter valued at about $33,000. International Assets Investment Management LLC bought a new stake in shares of Jacobs Solutions during the 4th quarter valued at about $38,000. Torren Management LLC bought a new stake in shares of Jacobs Solutions during the 4th quarter valued at about $41,000. Finally, Laurel Wealth Advisors LLC acquired a new stake in Jacobs Solutions during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 85.65% of the company’s stock.
Insider Activity
In related news, President Patrick Hill sold 17,201 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the transaction, the president directly owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.48% of the stock is owned by insiders.
Jacobs Solutions Price Performance
Jacobs Solutions (NYSE:J – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.01. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Equities research analysts anticipate that Jacobs Solutions Inc. will post 7.26 earnings per share for the current fiscal year.
Jacobs Solutions Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, August 21st. Jacobs Solutions’s payout ratio is 51.06%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Truist Financial cut their price target on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Jacobs Solutions in a research note on Monday, August 3rd. Citigroup increased their target price on Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. UBS Group raised their target price on Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $153.70.
View Our Latest Research Report on Jacobs Solutions
Jacobs Solutions 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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