Jacobs Solutions (NYSE:J) Price Target Raised to $167.00

Jacobs Solutions (NYSE:J) had its target price hoisted by UBS Group from $156.00 to $167.00 in a research report report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. KeyCorp decreased their target price 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. Royal Bank Of Canada upped their price target on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Jacobs Solutions in a research report on Monday, August 3rd. Finally, Truist Financial reduced their price objective on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research note on Thursday, July 2nd. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Jacobs Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $153.70.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $145.47 on Monday. Jacobs Solutions has a twelve month low of $105.68 and a twelve month high of $168.44. The company’s 50 day moving average is $130.13 and its 200 day moving average is $129.41. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. The company has a market cap of $17.18 billion, a PE ratio of 51.59, a price-to-earnings-growth ratio of 1.42 and a beta of 0.68.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Jacobs Solutions’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, sell-side analysts forecast that Jacobs Solutions will post 7.26 EPS for the current year.

Jacobs Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.0%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 51.06%.

Insider Activity at Jacobs Solutions

In other news, CEO Robert V. Pragada bought 3,601 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of $111.09 per share, with a total value of $400,035.09. Following the acquisition, the chief executive officer directly owned 333,755 shares in the company, valued at $37,076,842.95. This trade represents a 1.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Patrick Hill sold 17,201 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the completion of the transaction, the president owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. This represents a 20.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.48% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Jacobs Solutions during the 2nd quarter worth about $1,372,610,000. State Street Corp increased its stake in shares of Jacobs Solutions by 3.4% in the 4th quarter. State Street Corp now owns 7,367,828 shares of the company’s stock valued at $975,942,000 after purchasing an additional 243,345 shares in the last quarter. Morgan Stanley increased its stake in shares of Jacobs Solutions by 19.5% in the 4th quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock valued at $447,673,000 after purchasing an additional 552,277 shares in the last quarter. Geode Capital Management LLC raised its holdings in Jacobs Solutions by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,219,481 shares of the company’s stock worth $424,846,000 after purchasing an additional 28,076 shares during the period. Finally, Ninety One UK Ltd raised its holdings in Jacobs Solutions by 2.8% in the 4th quarter. Ninety One UK Ltd now owns 3,156,313 shares of the company’s stock worth $418,085,000 after purchasing an additional 86,677 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

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.