Harvey Capital Management Inc. Buys Shares of 23,572 Jacobs Solutions Inc. $J

Harvey Capital Management Inc. bought a new position in Jacobs Solutions Inc. (NYSE:J) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 23,572 shares of the company’s stock, valued at approximately $2,970,000.

A number of other hedge funds also recently made changes to their positions in the stock. Vident Advisory LLC grew its holdings in shares of Jacobs Solutions by 0.8% during the 2nd quarter. Vident Advisory LLC now owns 9,794 shares of the company’s stock valued at $1,287,000 after purchasing an additional 75 shares during the last quarter. Gratus Wealth Advisors LLC lifted its stake in Jacobs Solutions by 1.3% in the 4th quarter. Gratus Wealth Advisors LLC now owns 6,193 shares of the company’s stock valued at $820,000 after purchasing an additional 81 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO lifted its stake in Jacobs Solutions by 0.7% in the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 12,456 shares of the company’s stock valued at $1,585,000 after purchasing an additional 81 shares during the last quarter. Parallel Advisors LLC boosted its position in Jacobs Solutions by 10.4% in the third quarter. Parallel Advisors LLC now owns 915 shares of the company’s stock valued at $137,000 after buying an additional 86 shares in the last quarter. Finally, Kestra Private Wealth Services LLC boosted its position in Jacobs Solutions by 2.2% in the third quarter. Kestra Private Wealth Services LLC now owns 4,414 shares of the company’s stock valued at $661,000 after buying an additional 93 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $144.10, for a total value of $2,478,664.10. Following the sale, the president owned 67,356 shares in the company, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.48% of the company’s stock.

Jacobs Solutions Trading Down 0.7%

Shares of NYSE J opened at $150.41 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29. Jacobs Solutions Inc. has a 52-week low of $105.68 and a 52-week high of $168.44. The firm has a 50 day moving average price of $135.41 and a two-hundred day moving average price of $130.11. The stock has a market cap of $17.76 billion, a P/E ratio of 53.34, a price-to-earnings-growth ratio of 1.46 and a beta of 0.68.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter in the previous year, the business earned $1.62 earnings per share. Jacobs Solutions’s revenue was up 8.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. As a group, equities analysts forecast that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.44 annualized dividend and a yield of 1.0%. Jacobs Solutions’s payout ratio is presently 51.06%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on J. Wall Street Zen upgraded shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. KeyCorp cut their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Royal Bank Of Canada upped their target price on Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Wells Fargo & Company dropped their target price on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. Finally, Citigroup lifted their price target on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $153.70.

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.