Jacobs Solutions Inc. $J Shares Acquired by Greenwood Gearhart Inc.

Key Points

• Greenwood Gearhart Inc. increased its stake in Jacobs Solutions Inc. by 3.6% during the second quarter, owning 74,020 shares worth approximately $9.7 million.
• Jacobs Solutions reported $1.62 earnings per share (EPS) for the last quarter, surpassing analysts' estimates, but its revenue of $3.03 billion was down 28.4% compared to the previous year.
• The company has declared a quarterly dividend of $0.32, reflecting an annualized dividend yield of 0.8% with a dividend payout ratio of 31.92%.

Greenwood Gearhart Inc. grew its stake in Jacobs Solutions Inc. (NYSE:J - Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,020 shares of the company's stock after buying an additional 2,585 shares during the period. Greenwood Gearhart Inc. owned 0.06% of Jacobs Solutions worth $9,730,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Fulton Bank N.A. boosted its stake in Jacobs Solutions by 0.9% during the 2nd quarter. Fulton Bank N.A. now owns 8,570 shares of the company's stock worth $1,127,000 after purchasing an additional 74 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Jacobs Solutions by 8.1% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,036 shares of the company's stock worth $136,000 after purchasing an additional 78 shares during the period. Avidian Wealth Enterprises LLC boosted its stake in Jacobs Solutions by 4.3% during the 1st quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company's stock worth $255,000 after purchasing an additional 87 shares during the period. Tlwm boosted its stake 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 boosted its stake in Jacobs Solutions by 2.6% during the 1st quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock worth $510,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Stock Performance

Shares of J opened at $151.02 on Friday. The company has a 50-day simple moving average of $148.29 and a 200-day simple moving average of $134.39. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $18.05 billion, a PE ratio of 37.66, a P/E/G ratio of 1.83 and a beta of 0.81. Jacobs Solutions Inc. has a 52-week low of $106.23 and a 52-week high of $157.89.

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

Jacobs Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were issued 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 currently 31.92%.

Analyst Ratings Changes

A number of analysts recently weighed in on J shares. Wall Street Zen upgraded shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. Citigroup lifted their target price on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a report on Monday, July 28th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Jacobs Solutions in a report on Wednesday. Truist Financial lifted their target price on shares of Jacobs Solutions from $148.00 to $163.00 and gave the company a "hold" rating in a report on Wednesday. Finally, UBS Group lifted their target price on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $157.71.

About Jacobs Solutions

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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