Jacobs Solutions (NYSE:J) Price Target Raised to $188.00

Jacobs Solutions (NYSE:J) had its price objective raised by Citigroup from $181.00 to $188.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently commented on the company. Truist Financial dropped their price objective on Jacobs Solutions from $161.00 to $160.00 and set a “hold” rating for the company in a report on Monday, October 5th. UBS Group lifted their target price on Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a report on Monday, August 10th. Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Royal Bank Of Canada boosted their price target on Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, KeyCorp dropped their price target on Jacobs Solutions from $168.00 to $166.00 and set an “overweight” rating for the company in a research note on Thursday, October 15th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $156.78.

Jacobs Solutions Price Performance

J opened at $145.10 on Friday. The company’s 50 day simple moving average is $143.17 and its 200 day simple moving average is $132.60. 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 has a 1 year low of $105.68 and a 1 year high of $168.44. The stock has a market capitalization of $17.13 billion, a PE ratio of 51.46, a P/E/G ratio of 1.82 and a beta of 0.72.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 EPS for the quarter, topping the consensus estimate of $1.83 by $0.01. The firm 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 quarter in the prior year, the business posted $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. As a group, sell-side analysts expect that Jacobs Solutions will post 7.24 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, August 21st were given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 21st. Jacobs Solutions’s payout ratio is 51.06%.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the business’s stock in a transaction that occurred 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 sale, the president directly owned 67,356 shares in the company, valued at $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jacobs Solutions

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Jacobs Solutions during the 2nd quarter worth $1,372,610,000. Primecap Management Co. CA purchased a new position in Jacobs Solutions in the second quarter valued at about $575,291,000. Bank of America Corp DE purchased a new position in Jacobs Solutions in the second quarter valued at about $208,318,000. Caisse de depot et placement du Quebec purchased a new position in Jacobs Solutions in the second quarter valued at about $118,783,000. Finally, Amundi lifted its stake in shares of Jacobs Solutions by 4.0% during the second quarter. Amundi now owns 883,673 shares of the company’s stock worth $111,328,000 after purchasing an additional 34,298 shares in the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

About Jacobs Solutions

Jacobs Solutions Inc (NYSE:J) is a global technical, professional and consulting services provider serving government and commercial clients. The company helps organizations plan, design, deliver and operate complex infrastructure and mission-critical programs, with expertise spanning advanced manufacturing, transportation, water, environmental services, energy, life sciences, space and national security.

Through its consulting and engineering operations, Jacobs provides services such as program and project management, engineering and design, architecture, environmental planning, digital solutions and operational support.