Northwestern Mutual Wealth Management Co. Purchases Shares of 17,216 Jacobs Solutions Inc. $J

Northwestern Mutual Wealth Management Co. purchased a new position in Jacobs Solutions Inc. (NYSE:J) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,216 shares of the company’s stock, valued at approximately $2,169,000.

Other hedge funds have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in shares of Jacobs Solutions during the third quarter valued at about $27,000. Wealth Watch Advisors INC bought a new stake in shares of Jacobs Solutions during the 3rd quarter valued at about $33,000. Keating Financial Advisory Services Inc. bought a new stake in Jacobs Solutions during the 2nd quarter valued at approximately $30,000. International Assets Investment Management LLC purchased a new stake in Jacobs Solutions in the fourth quarter worth $38,000. Finally, Torren Management LLC purchased a new stake in shares of Jacobs Solutions in the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Insider Buying and Selling

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the 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 sale, the president directly owned 67,356 shares in the company, valued at approximately $9,705,999.60. This trade represents a 20.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.48% of the company’s stock.

Jacobs Solutions Stock Performance

Shares of J stock opened at $151.46 on Tuesday. The company has a market capitalization of $17.88 billion, a price-to-earnings ratio of 53.71, a price-to-earnings-growth ratio of 1.45 and a beta of 0.68. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.29 and a current ratio of 1.29. Jacobs Solutions Inc. has a one year low of $105.68 and a one year high of $168.44. The company’s 50-day moving average is $133.73 and its 200 day moving average is $129.99.

Jacobs Solutions (NYSE:J) last issued its earnings results 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. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Sell-side analysts expect that Jacobs Solutions Inc. will post 7.26 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be given a $0.36 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.44 annualized dividend and a yield of 1.0%. Jacobs Solutions’s dividend payout ratio is 51.06%.

Analyst Ratings Changes

Several equities research analysts recently commented on J shares. 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 lowered their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Truist Financial dropped their price target on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. Citigroup raised their price objective on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, UBS Group lifted their price objective on Jacobs Solutions from $156.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Jacobs Solutions has an average rating of “Moderate Buy” and an average target price 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.