Jacobs Solutions (NYSE:J) Given New $160.00 Price Target at Truist Financial

Jacobs Solutions (NYSE:J - Get Free Report) had its price objective reduced by analysts at Truist Financial from $161.00 to $160.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a "hold" rating on the stock. Truist Financial's price objective suggests a potential upside of 14.55% from the stock's previous close.

Several other research firms have also weighed in on J. Wall Street Zen lowered shares of Jacobs Solutions from a "buy" rating to a "hold" rating in a research note on Sunday, August 30th. Royal Bank Of Canada raised their target price on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an "outperform" rating in a research note on Wednesday, August 5th. UBS Group boosted their price target on Jacobs Solutions from $156.00 to $167.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 17th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $154.80.

Jacobs Solutions Stock Up 1.2%

Shares of NYSE J traded up $1.61 during trading hours on Monday, hitting $139.67. The company had a trading volume of 152,419 shares, compared to its average volume of 1,008,831. The stock has a market capitalization of $16.49 billion, a P/E ratio of 49.59, a price-to-earnings-growth ratio of 1.73 and a beta of 0.72. 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 has a 1-year low of $105.68 and a 1-year high of $168.44. The firm's 50 day moving average is $143.44 and its 200-day moving average is $131.27.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, topping analysts' consensus estimates of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the company earned $1.62 earnings per share. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, analysts expect that Jacobs Solutions will post 7.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Jacobs Solutions

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

Institutional Investors Weigh In On Jacobs Solutions

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in Jacobs Solutions during the second quarter worth about $1,372,610,000. Primecap Management Co. CA bought a new stake in Jacobs Solutions in the 2nd quarter valued at about $575,291,000. Bank of America Corp DE bought a new stake in Jacobs Solutions in the 2nd quarter valued at about $208,318,000. Focus Partners Wealth grew its position in shares of Jacobs Solutions by 246.3% during the 4th quarter. Focus Partners Wealth now owns 1,338,698 shares of the company's stock worth $177,324,000 after purchasing an additional 952,151 shares in the last quarter. Finally, Caisse de depot et placement du Quebec acquired a new position in shares of Jacobs Solutions during the 2nd quarter worth approximately $118,783,000. Institutional investors and hedge funds own 85.65% of the company's stock.

About Jacobs Solutions

Jacobs Solutions Inc NYSE: J, formerly known as Jacobs Engineering Group, is a global professional services and technology company that provides consulting, design, engineering, project management, and technical services. The company supports public- and private-sector clients with complex projects involving infrastructure, transportation, water, environmental remediation, advanced manufacturing, life sciences, energy, and other critical facilities.

Jacobs helps clients plan, design, build, operate, and maintain assets and systems.

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