Capstone Asset Management Co. decreased its position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,481 shares of the construction company’s stock after selling 80 shares during the period. Capstone Asset Management Co.’s holdings in Jacobs Engineering Group were worth $842,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. raised its position in Jacobs Engineering Group by 25.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 20,439 shares of the construction company’s stock worth $1,130,000 after buying an additional 4,135 shares during the last quarter. Norway Savings Bank raised its position in Jacobs Engineering Group by 8.2% in the first quarter. Norway Savings Bank now owns 6,695 shares of the construction company’s stock worth $370,000 after buying an additional 510 shares during the last quarter. BlackRock Inc. raised its position in Jacobs Engineering Group by 2,990.4% in the first quarter. BlackRock Inc. now owns 7,894,069 shares of the construction company’s stock worth $436,383,000 after buying an additional 7,638,632 shares during the last quarter. New England Research & Management Inc. purchased a new position in Jacobs Engineering Group during the first quarter worth about $1,037,000. Finally, HL Financial Services LLC purchased a new position in Jacobs Engineering Group during the first quarter worth about $3,947,000. 87.94% of the stock is owned by hedge funds and other institutional investors.

Jacobs Engineering Group Inc. (NYSE JEC) traded down 0.80% during mid-day trading on Friday, reaching $49.85. 937,508 shares of the company traded hands. The stock’s 50-day moving average price is $53.16 and its 200-day moving average price is $54.48. The firm has a market cap of $6.00 billion, a PE ratio of 26.52 and a beta of 1.52. Jacobs Engineering Group Inc. has a one year low of $49.15 and a one year high of $63.42.

Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.79. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.78 EPS. Analysts forecast that Jacobs Engineering Group Inc. will post $3.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Wednesday, August 2nd. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 31.75%.

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A number of analysts have recently weighed in on the stock. BidaskClub raised shares of Jacobs Engineering Group from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $61.00 price target on shares of Jacobs Engineering Group in a research note on Friday, August 4th. Robert W. Baird reaffirmed a “neutral” rating and issued a $64.00 price target (up from $62.00) on shares of Jacobs Engineering Group in a research note on Friday, May 12th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $69.00 price target on shares of Jacobs Engineering Group in a research note on Friday, April 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Jacobs Engineering Group currently has a consensus rating of “Hold” and a consensus target price of $62.30.

About Jacobs Engineering Group

Jacobs Engineering Group Inc is a technical professional services company. The Company provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.

Institutional Ownership by Quarter for Jacobs Engineering Group (NYSE:JEC)

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