Jacobs Engineering Group Inc (NYSE:JEC) has been given a consensus rating of “Buy” by the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $84.29.

JEC has been the topic of several research reports. Barclays reiterated a “buy” rating on shares of Alphabet in a research note on Tuesday, April 30th. Zacks Investment Research lowered shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 9th. KeyCorp reiterated a “buy” rating and set a $65.00 price objective on shares of Talend in a research note on Wednesday, May 8th. Finally, Cowen reiterated an “outperform” rating and set a $230.00 price objective (up previously from $200.00) on shares of Norfolk Southern in a research note on Wednesday, April 24th.

In other news, SVP Michael R. Tyler sold 650 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $75.69, for a total value of $49,198.50. Following the completion of the transaction, the senior vice president now directly owns 25,844 shares in the company, valued at $1,956,132.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph R. Bronson sold 10,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $76.45, for a total transaction of $764,500.00. Following the completion of the transaction, the director now owns 35,302 shares of the company’s stock, valued at $2,698,837.90. The disclosure for this sale can be found here. 0.92% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of JEC. Raymond James & Associates boosted its holdings in Jacobs Engineering Group by 1.8% in the fourth quarter. Raymond James & Associates now owns 36,707 shares of the construction company’s stock valued at $2,146,000 after purchasing an additional 665 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Jacobs Engineering Group by 9.8% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 11,254 shares of the construction company’s stock valued at $658,000 after buying an additional 1,004 shares in the last quarter. Advisor Group Inc. raised its stake in Jacobs Engineering Group by 83.0% in the fourth quarter. Advisor Group Inc. now owns 7,624 shares of the construction company’s stock valued at $445,000 after buying an additional 3,459 shares in the last quarter. Northern Trust Corp raised its stake in Jacobs Engineering Group by 2.0% in the fourth quarter. Northern Trust Corp now owns 1,325,633 shares of the construction company’s stock valued at $77,496,000 after buying an additional 25,375 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in Jacobs Engineering Group by 0.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 79,691 shares of the construction company’s stock valued at $4,430,000 after buying an additional 359 shares in the last quarter. Institutional investors and hedge funds own 93.83% of the company’s stock.

Shares of Jacobs Engineering Group stock traded down $0.84 during trading on Friday, reaching $83.90. The company had a trading volume of 24,443 shares, compared to its average volume of 961,284. The firm has a market capitalization of $11.52 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 1.52 and a beta of 1.42. The firm’s fifty day simple moving average is $81.34. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.52 and a current ratio of 1.52. Jacobs Engineering Group has a fifty-two week low of $55.17 and a fifty-two week high of $85.85.

Jacobs Engineering Group (NYSE:JEC) last issued its earnings results on Tuesday, May 7th. The construction company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.09 by $0.10. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.13 billion. Jacobs Engineering Group had a net margin of 2.13% and a return on equity of 11.16%. The company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.00 EPS. On average, equities analysts forecast that Jacobs Engineering Group will post 4.7 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, July 25th. This represents a $0.68 annualized dividend and a dividend yield of 0.81%. Jacobs Engineering Group’s payout ratio is currently 15.21%.

Jacobs Engineering Group Company Profile

Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.

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Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

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