Hilltop National Bank Acquires New Stake in Jacobs Solutions Inc. $J

Key Points

• Hilltop National Bank acquired a new stake in Jacobs Solutions Inc., purchasing 8,532 shares valued at approximately $1,122,000 during the second quarter.
• Multiple analysts have upgraded Jacobs Solutions' stock ratings, with several increasing their target prices, notably UBS Group raising it from $152.00 to $166.00.
• Jacobs Solutions reported a quarterly EPS of $1.62, exceeding analysts' estimates, despite a year-over-year revenue decline of 28.4%.

Hilltop National Bank acquired a new stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,532 shares of the company's stock, valued at approximately $1,122,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rossby Financial LCC bought a new position in Jacobs Solutions during the 1st quarter valued at approximately $33,000. Moisand Fitzgerald Tamayo LLC bought a new position in Jacobs Solutions during the 2nd quarter valued at approximately $44,000. Whipplewood Advisors LLC increased its position in Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock valued at $45,000 after buying an additional 354 shares in the last quarter. Colonial Trust Advisors bought a new position in Jacobs Solutions during the 1st quarter valued at approximately $51,000. Finally, Ransom Advisory Ltd bought a new position in Jacobs Solutions during the 2nd quarter valued at approximately $53,000. Institutional investors own 85.65% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the company. 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. KeyCorp increased their target price on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research note on Wednesday, August 6th. Citigroup increased their target price on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Finally, Wall Street Zen upgraded Jacobs Solutions from a "hold" rating to a "buy" rating in a research note 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $155.25.

Jacobs Solutions Stock Performance

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

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

Jacobs Solutions Announces Dividend

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

Jacobs Solutions Company 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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