Jacobs Engineering Group (NYSE:JEC) Trading Up 0.2%

Jacobs Engineering Group Inc (NYSE:JEC) was up 0.2% during mid-day trading on Friday . The stock traded as high as $78.60 and last traded at $78.49. Approximately 16,551 shares changed hands during trading, a decline of 98% from the average daily volume of 805,078 shares. The stock had previously closed at $78.33.

Several equities research analysts recently issued reports on JEC shares. Argus restated a “buy” rating and set a $68.72 price objective (down from $84.00) on shares of Jacobs Engineering Group in a research report on Tuesday, February 19th. Robert W. Baird set a $83.00 price objective on shares of Jacobs Engineering Group and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Citigroup set a $83.00 price objective on shares of Jacobs Engineering Group and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Cowen set a $82.00 price objective on shares of Jacobs Engineering Group and gave the stock a “buy” rating in a research report on Wednesday, February 20th. Finally, Barclays set a $85.00 price objective on shares of Jacobs Engineering Group and gave the stock a “buy” rating in a research report on Tuesday, February 19th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Jacobs Engineering Group currently has an average rating of “Buy” and an average target price of $84.55.

The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.38 and a beta of 1.39. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.52 and a current ratio of 1.52.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings results on Tuesday, May 7th. The construction company reported $1.19 earnings per share for the quarter, beating 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 business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the business earned $1.00 earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Research analysts expect that Jacobs Engineering Group Inc will post 4.69 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 17th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, May 16th. Jacobs Engineering Group’s dividend payout ratio is presently 15.21%.

In related news, Director Joseph R. Bronson sold 10,000 shares of Jacobs Engineering Group stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $76.45, for a total value of $764,500.00. Following the completion of the transaction, the director now owns 35,302 shares in the company, valued at $2,698,837.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Terence D. Hagen sold 12,000 shares of Jacobs Engineering Group stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $75.50, for a total transaction of $906,000.00. Following the completion of the transaction, the chief operating officer now owns 74,775 shares of the company’s stock, valued at approximately $5,645,512.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,306 shares of company stock valued at $1,769,699. Company insiders own 0.92% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. ZWJ Investment Counsel Inc. grew its holdings in shares of Jacobs Engineering Group by 8.5% in the first quarter. ZWJ Investment Counsel Inc. now owns 299,326 shares of the construction company’s stock valued at $22,506,000 after purchasing an additional 23,361 shares in the last quarter. Horizon Investments LLC acquired a new position in shares of Jacobs Engineering Group in the first quarter valued at approximately $276,000. Ameritas Investment Corp acquired a new position in shares of Jacobs Engineering Group in the first quarter valued at approximately $146,000. FMR LLC grew its holdings in shares of Jacobs Engineering Group by 15.5% in the first quarter. FMR LLC now owns 5,883,832 shares of the construction company’s stock valued at $442,405,000 after purchasing an additional 791,261 shares in the last quarter. Finally, CWM Advisors LLC grew its holdings in shares of Jacobs Engineering Group by 30.7% in the first quarter. CWM Advisors LLC now owns 6,141 shares of the construction company’s stock valued at $462,000 after purchasing an additional 1,443 shares in the last quarter. Hedge funds and other institutional investors own 94.06% of the company’s stock.

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About Jacobs Engineering Group (NYSE:JEC)

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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