78,270 Shares in Jacobs Solutions Inc. $J Acquired by Two Point Capital Management Inc.

Key Points

• Two Point Capital Management Inc. acquired 78,270 shares of Jacobs Solutions Inc. valued at approximately $10.29 million, making it the firm's 11th biggest position.
• Jacobs Solutions has a consensus rating of "Moderate Buy" with a current price target averaging around $155.25 set by several analysts, following recent upgrades from multiple brokerages.
• The company announced a quarterly dividend of $0.32 per share, resulting in an annualized yield of 0.8%, with a dividend payout ratio of 31.92%.

Two Point Capital Management Inc. purchased a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 78,270 shares of the company's stock, valued at approximately $10,289,000. Jacobs Solutions comprises 4.4% of Two Point Capital Management Inc.'s investment portfolio, making the stock its 11th biggest position. Two Point Capital Management Inc. owned about 0.07% of Jacobs Solutions at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fulton Bank N.A. raised its holdings in Jacobs Solutions by 0.9% in the second quarter. Fulton Bank N.A. now owns 8,570 shares of the company's stock valued at $1,127,000 after buying an additional 74 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Jacobs Solutions by 8.1% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,036 shares of the company's stock valued at $136,000 after acquiring an additional 78 shares during the period. Avidian Wealth Enterprises LLC lifted its holdings in shares of Jacobs Solutions by 4.3% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock valued at $255,000 after acquiring an additional 87 shares in the last quarter. Tlwm boosted its position in Jacobs Solutions by 1.7% during the 1st quarter. Tlwm now owns 6,225 shares of the company's stock worth $753,000 after purchasing an additional 105 shares during the period. Finally, Kestra Private Wealth Services LLC increased its holdings in Jacobs Solutions by 2.6% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock valued at $510,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on J. KeyCorp boosted their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. UBS Group increased their target price on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Citigroup boosted their price target on Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Wall Street Zen upgraded Jacobs Solutions from a "hold" rating to a "buy" rating in a report on Saturday, August 30th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions Stock Up 1.1%

Shares of NYSE J opened at $154.17 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $154.36. The stock's 50-day simple moving average is $146.75 and its 200-day simple moving average is $133.06. The firm has a market cap of $18.43 billion, a price-to-earnings ratio of 38.45, a PEG ratio of 1.80 and a beta of 0.81.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.06. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The firm had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the firm earned $1.96 EPS. Jacobs Solutions's quarterly revenue was down 28.4% on a year-over-year basis. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, August 22nd. Jacobs Solutions's dividend payout ratio is 31.92%.

Jacobs Solutions Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.

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