Greenwood Gearhart Inc. Boosts Holdings in Jacobs Solutions Inc. $J

Greenwood Gearhart Inc. raised its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,020 shares of the company’s stock after acquiring an additional 2,585 shares during the quarter. Greenwood Gearhart Inc.’s holdings in Jacobs Solutions were worth $9,730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in J. Rossby Financial LCC purchased a new position in Jacobs Solutions during the 1st quarter valued at about $33,000. Costello Asset Management INC purchased a new position in Jacobs Solutions during the 2nd quarter valued at about $43,000. Moisand Fitzgerald Tamayo LLC purchased a new position in Jacobs Solutions during the 2nd quarter valued at about $44,000. Colonial Trust Advisors purchased a new stake in shares of Jacobs Solutions during the first quarter worth about $51,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Jacobs Solutions in the second quarter valued at approximately $53,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on J. KeyCorp boosted their price objective on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Jacobs Solutions in a research note on Wednesday. UBS Group lifted their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research report on Wednesday, August 6th. Wall Street Zen upgraded Jacobs Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Finally, Truist Financial increased their target price on Jacobs Solutions from $148.00 to $163.00 and gave the stock a “hold” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $157.71.

Jacobs Solutions Trading Down 2.8%

Shares of J opened at $151.02 on Friday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $18.05 billion, a P/E ratio of 37.66, a price-to-earnings-growth ratio of 1.83 and a beta of 0.81. The stock’s fifty day simple moving average is $148.29 and its 200 day simple moving average is $134.39. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $157.89.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating analysts’ consensus estimates of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter last year, the firm earned $1.96 earnings per share. The firm’s revenue for the quarter was down 28.4% compared to the same quarter last year. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, equities research analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were issued a $0.32 dividend. The ex-dividend date was Friday, August 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 0.8%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 31.92%.

Jacobs Solutions Company Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.