Toth Financial Advisory Corp Increases Stock Position in Jacobs Solutions Inc. (NYSE:J)

Toth Financial Advisory Corp increased its stake in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) by 7.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,606 shares of the company's stock after buying an additional 3,642 shares during the quarter. Toth Financial Advisory Corp's holdings in Jacobs Solutions were worth $6,480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kovitz Investment Group Partners LLC lifted its position in shares of Jacobs Solutions by 345.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 4,637,596 shares of the company's stock valued at $619,676,000 after acquiring an additional 3,597,564 shares during the period. Geode Capital Management LLC lifted its position in shares of Jacobs Solutions by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 3,155,839 shares of the company's stock valued at $420,626,000 after acquiring an additional 10,174 shares during the period. Lazard Asset Management LLC lifted its position in shares of Jacobs Solutions by 933.6% during the 4th quarter. Lazard Asset Management LLC now owns 2,109,035 shares of the company's stock valued at $281,808,000 after acquiring an additional 1,904,988 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Jacobs Solutions by 9.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,809,207 shares of the company's stock valued at $241,746,000 after acquiring an additional 157,086 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Jacobs Solutions by 4.1% during the 4th quarter. Bank of America Corp DE now owns 1,782,488 shares of the company's stock valued at $238,176,000 after acquiring an additional 70,470 shares during the period. Hedge funds and other institutional investors own 85.65% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on J. Citigroup reduced their price target on shares of Jacobs Solutions from $161.00 to $151.00 and set a "buy" rating for the company in a research report on Friday, April 25th. UBS Group reduced their price target on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Royal Bank of Canada lifted their price objective on Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Truist Financial lifted their price objective on Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research report on Monday, May 12th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $150.86.

Jacobs Solutions Trading Up 0.4%

J stock traded up $0.52 during midday trading on Thursday, hitting $127.58. The stock had a trading volume of 400,874 shares, compared to its average volume of 804,530. The firm has a market cap of $15.33 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. Jacobs Solutions Inc. has a 12-month low of $106.23 and a 12-month high of $156.31. The company's 50-day moving average price is $122.70 and its 200 day moving average price is $128.58.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The company had revenue of $2.91 billion during the quarter, compared to analysts' expectations of $3 billion. During the same period in the previous year, the company earned $1.91 EPS. The business's quarterly revenue was up 2.2% compared to the same quarter last year. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 annualized dividend and a dividend yield of 1.00%. Jacobs Solutions's dividend payout ratio is presently 35.26%.

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.