HL Financial Services LLC boosted its stake in Jacobs Engineering Group Inc. (NYSE:JEC) by 5.1% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 75,065 shares of the construction company’s stock after buying an additional 3,656 shares during the period. HL Financial Services LLC’s holdings in Jacobs Engineering Group were worth $4,083,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of JEC. Tdam USA Inc. boosted its stake in Jacobs Engineering Group by 51.4% in the second quarter. Tdam USA Inc. now owns 34,936 shares of the construction company’s stock valued at $1,900,000 after buying an additional 11,865 shares during the period. Endurance Wealth Management Inc. boosted its stake in Jacobs Engineering Group by 0.4% in the second quarter. Endurance Wealth Management Inc. now owns 26,634 shares of the construction company’s stock valued at $1,449,000 after buying an additional 100 shares during the period. Rand Wealth LLC boosted its stake in Jacobs Engineering Group by 10.4% in the second quarter. Rand Wealth LLC now owns 9,224 shares of the construction company’s stock valued at $502,000 after buying an additional 869 shares during the period. Sei Investments Co. boosted its stake in Jacobs Engineering Group by 47.0% in the second quarter. Sei Investments Co. now owns 92,496 shares of the construction company’s stock valued at $5,030,000 after buying an additional 29,558 shares during the period. Finally, First Manhattan Co. boosted its stake in Jacobs Engineering Group by 1,013.6% in the second quarter. First Manhattan Co. now owns 2,383 shares of the construction company’s stock valued at $129,000 after buying an additional 2,169 shares during the period. Institutional investors own 87.41% of the company’s stock.

Shares of Jacobs Engineering Group Inc. (NYSE:JEC) opened at 54.12 on Wednesday. Jacobs Engineering Group Inc. has a 12-month low of $49.15 and a 12-month high of $63.42. The firm has a market capitalization of $6.52 billion, a PE ratio of 31.47 and a beta of 1.52. The firm has a 50-day moving average of $53.53 and a 200-day moving average of $54.97.

Jacobs Engineering Group (NYSE:JEC) last issued its quarterly earnings data on Tuesday, August 8th. The construction company reported $0.79 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. Jacobs Engineering Group had a net margin of 2.05% and a return on equity of 8.56%. The business had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the prior year, the business earned $0.78 EPS. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities analysts anticipate that Jacobs Engineering Group Inc. will post $3.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.60 annualized dividend and a yield of 1.11%. Jacobs Engineering Group’s dividend payout ratio (DPR) is presently 34.88%.

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Several research firms have recently weighed in on JEC. Citadel Securities cut shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $62.00 to $66.00 in a research report on Tuesday. Jefferies Group LLC reiterated a “hold” rating and set a $61.00 price objective on shares of Jacobs Engineering Group in a research report on Friday, August 4th. Citigroup Inc. cut shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a research report on Thursday, August 3rd. BidaskClub cut shares of Jacobs Engineering Group from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $64.00 price objective (up from $62.00) on shares of Jacobs Engineering Group in a research report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $61.17.

Jacobs Engineering Group Company Profile

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.

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

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