Jacobs Solutions (NYSE:J) Given New $160.00 Price Target at Truist Financial

Jacobs Solutions (NYSE:J) had its target price decreased by Truist Financial from $161.00 to $160.00 in a research note issued to investors on Monday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

A number of other equities research analysts have also issued reports on the company. UBS Group raised their price target on Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. 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. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Finally, Royal Bank Of Canada upped their target price on shares of Jacobs Solutions from $171.00 to $174.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $154.80.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $138.93 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. Jacobs Solutions has a 12 month low of $105.68 and a 12 month high of $168.44. The company has a market capitalization of $16.41 billion, a price-to-earnings ratio of 49.27, a PEG ratio of 1.73 and a beta of 0.72. The firm’s 50-day moving average is $143.52 and its 200 day moving average is $131.33.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter last year, the firm earned $1.62 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Research analysts predict that Jacobs Solutions will post 7.25 EPS for the current year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, August 21st were paid a $0.36 dividend. The ex-dividend date of this dividend was 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 51.06%.

Insiders Place Their Bets

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the company’s stock in a transaction on Friday, August 7th. The stock was 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 owned 67,356 shares in the company, valued at $9,705,999.60. This represents 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 at the SEC website. 0.48% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Jacobs Solutions during the second quarter valued at approximately $1,372,610,000. Primecap Management Co. CA purchased a new position in Jacobs Solutions in the second quarter worth $575,291,000. Bank of America Corp DE purchased a new position in Jacobs Solutions in the second quarter worth $208,318,000. Focus Partners Wealth increased its position in shares of Jacobs Solutions by 246.3% during the fourth quarter. Focus Partners Wealth now owns 1,338,698 shares of the company’s stock worth $177,324,000 after purchasing an additional 952,151 shares in the last quarter. Finally, Caisse de depot et placement du Quebec purchased a new stake in shares of Jacobs Solutions during the 2nd quarter valued at $118,783,000. 85.65% of the stock is currently owned by hedge funds and other institutional investors.

Jacobs Solutions Company Profile

Jacobs Solutions Inc (NYSE:J), formerly known as Jacobs Engineering Group, is a global professional services and technology company that provides consulting, design, engineering, project management, and technical services. The company supports public- and private-sector clients with complex projects involving infrastructure, transportation, water, environmental remediation, advanced manufacturing, life sciences, energy, and other critical facilities.

Jacobs helps clients plan, design, build, operate, and maintain assets and systems.