Brokerages Set Jacobs Solutions Inc. (NYSE:J) Price Target at $154.08

Jacobs Solutions Inc. (NYSE:J) has been assigned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $155.25.

J has been the topic of several recent analyst reports. Bank of America increased their target price on Jacobs Solutions from $145.00 to $152.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. Truist Financial started coverage on Jacobs Solutions in a research report on Thursday, March 14th. They set a “hold” rating and a $154.00 price objective on the stock. Citigroup boosted their target price on Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday. Argus lifted their price target on shares of Jacobs Solutions from $161.00 to $174.00 and gave the stock a “buy” rating in a research note on Thursday, March 14th. Finally, KeyCorp began coverage on shares of Jacobs Solutions in a research report on Wednesday, January 10th. They set a “sector weight” rating on the stock.

Insider Buying and Selling

In other news, CFO Kevin C. Berryman sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $153.20, for a total transaction of $229,800.00. Following the transaction, the chief financial officer now owns 233,104 shares of the company’s stock, valued at approximately $35,711,532.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $153.20, for a total value of $229,800.00. Following the completion of the sale, the chief financial officer now owns 233,104 shares in the company, valued at approximately $35,711,532.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Shelette M. Gustafson sold 1,852 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $148.00, for a total value of $274,096.00. Following the transaction, the executive vice president now owns 28,791 shares of the company’s stock, valued at approximately $4,261,068. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,838 shares of company stock worth $2,393,710. Corporate insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Jacobs Solutions

Several institutional investors have recently made changes to their positions in the company. First Pacific Financial bought a new stake in shares of Jacobs Solutions in the 4th quarter valued at about $27,000. GAMMA Investing LLC purchased a new stake in shares of Jacobs Solutions during the fourth quarter worth about $27,000. ICA Group Wealth Management LLC acquired a new stake in Jacobs Solutions in the 4th quarter worth approximately $30,000. Park Place Capital Corp grew its position in Jacobs Solutions by 473.9% during the 3rd quarter. Park Place Capital Corp now owns 264 shares of the company’s stock worth $36,000 after purchasing an additional 218 shares during the last quarter. Finally, Union Savings Bank increased its stake in Jacobs Solutions by 78.1% during the 4th quarter. Union Savings Bank now owns 285 shares of the company’s stock valued at $37,000 after purchasing an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of Jacobs Solutions stock opened at $144.11 on Tuesday. The stock has a market cap of $18.11 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 1.52 and a beta of 0.73. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.37. Jacobs Solutions has a 1 year low of $109.00 and a 1 year high of $154.50. The firm’s 50-day moving average is $147.59 and its 200 day moving average is $137.73.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, February 6th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.46. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $4.02 billion. Jacobs Solutions had a net margin of 4.20% and a return on equity of 14.57%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.67 earnings per share. Sell-side analysts anticipate that Jacobs Solutions will post 8.07 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, February 23rd were issued a $0.29 dividend. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.80%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 20.71%.

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.