Kingsview Wealth Management LLC Invests $686,000 in Jacobs Solutions Inc. $J

Kingsview Wealth Management LLC purchased a new stake in Jacobs Solutions Inc. (NYSE:J) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,443 shares of the company’s stock, valued at approximately $686,000.

Other hedge funds also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new stake in Jacobs Solutions during the 3rd quarter worth $27,000. Keating Financial Advisory Services Inc. bought a new position in Jacobs Solutions in the second quarter valued at about $30,000. Wealth Watch Advisors INC bought a new position in Jacobs Solutions in the third quarter valued at about $33,000. International Assets Investment Management LLC acquired a new stake in shares of Jacobs Solutions during the fourth quarter valued at about $38,000. Finally, Compass Financial Management LLC acquired a new stake in shares of Jacobs Solutions during the second quarter valued at about $43,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on J. UBS Group upped 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. Wall Street Zen downgraded Jacobs Solutions from a “buy” rating to a “hold” rating in a research note on Sunday. Citigroup boosted their target price on Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a report on Wednesday, May 6th. Truist Financial decreased their target price on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research report on Thursday, July 2nd. Finally, Weiss Ratings upgraded Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 17th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Jacobs Solutions presently has an average rating of “Moderate Buy” and an average target price of $153.70.

Jacobs Solutions Stock Performance

J opened at $152.17 on Monday. The firm has a market capitalization of $17.97 billion, a P/E ratio of 53.96, a price-to-earnings-growth ratio of 1.47 and a beta of 0.68. The stock’s 50 day moving average price is $136.03 and its two-hundred day moving average price is $130.12. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. Jacobs Solutions Inc. has a 12-month low of $105.68 and a 12-month high of $168.44.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.01. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%.Jacobs Solutions’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, equities analysts forecast that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.44 dividend on an annualized basis and a yield of 0.9%. Jacobs Solutions’s dividend payout ratio (DPR) is 51.06%.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $144.10, for a total value of $2,478,664.10. Following the completion of the transaction, the president owned 67,356 shares of the company’s stock, valued at $9,705,999.60. This represents a 20.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.48% of the stock is owned by corporate insiders.

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.