Greenwood Gearhart Inc. raised its position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,816 shares of the construction company’s stock after buying an additional 1,945 shares during the period. Greenwood Gearhart Inc. owned about 0.05% of Jacobs Engineering Group worth $3,471,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Swiss National Bank boosted its position in Jacobs Engineering Group by 2.9% during the 2nd quarter. Swiss National Bank now owns 441,043 shares of the construction company’s stock valued at $23,988,000 after buying an additional 12,500 shares during the period. Legal & General Group Plc boosted its position in Jacobs Engineering Group by 6.0% during the 2nd quarter. Legal & General Group Plc now owns 715,762 shares of the construction company’s stock valued at $38,928,000 after buying an additional 40,249 shares during the period. Greenwood Capital Associates LLC boosted its position in Jacobs Engineering Group by 6.4% during the 2nd quarter. Greenwood Capital Associates LLC now owns 7,847 shares of the construction company’s stock valued at $427,000 after buying an additional 470 shares during the period. Prudential Financial Inc. boosted its position in Jacobs Engineering Group by 61.5% during the 2nd quarter. Prudential Financial Inc. now owns 321,304 shares of the construction company’s stock valued at $17,476,000 after buying an additional 122,362 shares during the period. Finally, BlackRock Inc. boosted its position in Jacobs Engineering Group by 2,990.4% during the 1st quarter. BlackRock Inc. now owns 7,894,069 shares of the construction company’s stock valued at $436,383,000 after buying an additional 7,638,632 shares during the period. 86.18% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on the stock. Robert W. Baird reissued a “hold” rating and set a $63.00 price target on shares of Jacobs Engineering Group in a research report on Friday, October 6th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. BidaskClub raised shares of Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Citigroup Inc. cut shares of Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price target for the company. in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $61.00 price target on shares of Jacobs Engineering Group in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Jacobs Engineering Group has an average rating of “Hold” and an average target price of $61.75.

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Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same quarter last year, the firm posted $0.78 EPS. The business’s revenue was down 6.6% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 13th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.03%. Jacobs Engineering Group’s dividend payout ratio (DPR) is 31.75%.

About Jacobs Engineering Group

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.

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

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