Jacobs Solutions (NYSE:J) Price Target Raised to $181.00

Jacobs Solutions (NYSE:J) had its price target raised by Citigroup from $180.00 to $181.00 in a research note published on Wednesday,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on J. Zacks Research raised Jacobs Solutions from a “strong sell” rating to a “hold” rating in a research report on Thursday, February 5th. KeyCorp decreased their price target on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday. Wall Street Zen cut shares of Jacobs Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 18th. Wells Fargo & Company lifted their price objective on shares of Jacobs Solutions from $130.00 to $137.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Finally, Royal Bank Of Canada boosted their price objective on shares of Jacobs Solutions from $160.00 to $169.00 and gave the stock an “outperform” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $153.40.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $118.48 on Wednesday. The firm has a 50 day moving average of $129.64 and a 200 day moving average of $137.46. The company has a quick ratio of 1.33, a current ratio of 1.43 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $13.99 billion, a price-to-earnings ratio of 36.79, a price-to-earnings-growth ratio of 1.20 and a beta of 0.73. Jacobs Solutions has a 52 week low of $118.38 and a 52 week high of $168.44.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.11. Jacobs Solutions had a return on equity of 22.29% and a net margin of 2.92%.The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the firm earned $1.43 EPS. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, sell-side analysts predict that Jacobs Solutions will post 7.18 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, May 22nd will be paid a $0.36 dividend. The ex-dividend date is Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a yield of 1.2%. Jacobs Solutions’s dividend payout ratio (DPR) is 44.72%.

Insiders Place Their Bets

In other news, President Shannon Miller sold 1,440 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $134.13, for a total transaction of $193,147.20. Following the sale, the president owned 25,344 shares in the company, valued at approximately $3,399,390.72. The trade was a 5.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Jacobs Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. Forum Financial Management LP increased its stake in Jacobs Solutions by 2.0% during the 3rd quarter. Forum Financial Management LP now owns 3,186 shares of the company’s stock valued at $477,000 after purchasing an additional 63 shares in the last quarter. Harfst & Associates Inc. raised its holdings in shares of Jacobs Solutions by 0.5% in the third quarter. Harfst & Associates Inc. now owns 12,616 shares of the company’s stock worth $1,891,000 after buying an additional 64 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Jacobs Solutions by 3.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 2,247 shares of the company’s stock worth $337,000 after buying an additional 66 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of Jacobs Solutions by 1.0% during the third quarter. TD Private Client Wealth LLC now owns 7,421 shares of the company’s stock valued at $1,112,000 after buying an additional 73 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in shares of Jacobs Solutions by 26.0% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 364 shares of the company’s stock valued at $55,000 after buying an additional 75 shares during the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Company Profile

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.