Kirtland Hills Capital Management LLC Purchases New Holdings in Jacobs Solutions Inc. $J

Kirtland Hills Capital Management LLC acquired a new position in Jacobs Solutions Inc. (NYSE:J) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,690 shares of the company’s stock, valued at approximately $2,985,000.

Several other institutional investors have also added to or reduced their stakes in the company. Empowered Funds LLC grew its stake in shares of Jacobs Solutions by 92.3% during the first quarter. Empowered Funds LLC now owns 6,720 shares of the company’s stock valued at $812,000 after buying an additional 3,226 shares during the last quarter. Woodline Partners LP lifted its stake in shares of Jacobs Solutions by 38.7% during the 1st quarter. Woodline Partners LP now owns 10,353 shares of the company’s stock worth $1,252,000 after acquiring an additional 2,891 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Jacobs Solutions during the 2nd quarter worth approximately $321,000. Baird Financial Group Inc. boosted its holdings in Jacobs Solutions by 1.7% during the 2nd quarter. Baird Financial Group Inc. now owns 15,022 shares of the company’s stock valued at $1,975,000 after acquiring an additional 248 shares during the period. Finally, AXA S.A. boosted its holdings in Jacobs Solutions by 14.9% during the 2nd quarter. AXA S.A. now owns 19,670 shares of the company’s stock valued at $2,586,000 after acquiring an additional 2,556 shares during the period. Institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Stock Up 1.2%

Jacobs Solutions stock opened at $149.77 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. The firm has a market cap of $17.68 billion, a P/E ratio of 53.11, a P/E/G ratio of 1.45 and a beta of 0.68. The business has a fifty day moving average of $133.18 and a two-hundred day moving average of $129.91. Jacobs Solutions Inc. has a twelve month low of $105.68 and a twelve month high of $168.44.

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

Jacobs Solutions Dividend Announcement

The company 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 $0.36 dividend. The ex-dividend date is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a yield of 1.0%. Jacobs Solutions’s payout ratio is currently 51.06%.

Insider Buying and Selling

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $144.10, for a total value of $2,478,664.10. Following the completion of the transaction, the president directly owned 67,356 shares in the company, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on J shares. Truist Financial reduced their target price on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. Weiss Ratings raised shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. KeyCorp cut their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. UBS Group upped their price target on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Wells Fargo & Company reduced their price target on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $153.70.

About Jacobs Solutions

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.