Harvey Capital Management Inc. Acquires Shares of 23,572 Jacobs Solutions Inc. $J

Key Points

• Harvey Capital Management acquired 23,572 shares of Jacobs Solutions during the second quarter, valued at approximately $2.97 million. Institutional investors collectively own 85.65% of the company.
• Jacobs Solutions reported quarterly EPS of $1.84, narrowly beating estimates, while revenue rose 8.3% year over year to $2.42 billion. The company maintained fiscal 2026 EPS guidance of $7.20–$7.30.
• The company declared a quarterly dividend of $0.36 per share, equivalent to a $1.44 annual payout and a 1.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $153.70.

Harvey Capital Management Inc. acquired a new stake in Jacobs Solutions Inc. (NYSE:J - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,572 shares of the company's stock, valued at approximately $2,970,000.

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

Insider Buying and Selling

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of the company's 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 completion of the sale, the president directly owned 67,356 shares in the company, valued at $9,705,999.60. This represents a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is currently owned by corporate insiders.

Jacobs Solutions Stock Down 0.7%

Shares of J opened at $150.41 on Friday. The company has a current ratio of 1.29, a quick 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. The firm's 50 day moving average is $135.41 and its 200-day moving average is $130.11. The stock has a market capitalization of $17.76 billion, a PE ratio of 53.34, a P/E/G ratio of 1.46 and a beta of 0.68.

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

Jacobs Solutions Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. KeyCorp lowered their target price on Jacobs Solutions from $154.00 to $150.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 6th. Royal Bank Of Canada upped their price objective on Jacobs Solutions from $171.00 to $174.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. Citigroup increased their price objective on Jacobs Solutions from $180.00 to $181.00 and gave the stock a "buy" rating in a research report on Wednesday, May 6th. UBS Group lifted their target price on Jacobs Solutions from $156.00 to $167.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Finally, Weiss Ratings raised shares of Jacobs Solutions from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 17th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $153.70.

Jacobs Solutions 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.

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