Paragon Capital Management LLC Has $5.66 Million Stake in Jacobs Solutions Inc. (NYSE:J)

Paragon Capital Management LLC reduced its position in Jacobs Solutions Inc. (NYSE:J - Free Report) by 4.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 46,805 shares of the company's stock after selling 2,194 shares during the period. Jacobs Solutions comprises approximately 3.2% of Paragon Capital Management LLC's holdings, making the stock its 10th biggest holding. Paragon Capital Management LLC's holdings in Jacobs Solutions were worth $5,658,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Orion Portfolio Solutions LLC grew its stake in shares of Jacobs Solutions by 0.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company's stock valued at $1,471,000 after buying an additional 83 shares during the period. Benjamin Edwards Inc. lifted its holdings in shares of Jacobs Solutions by 5.3% during the 4th quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company's stock valued at $231,000 after acquiring an additional 87 shares in the last quarter. 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. Kestra Private Wealth Services LLC lifted its holdings in shares of Jacobs Solutions by 2.6% during the 1st quarter. Kestra Private Wealth Services LLC now owns 4,220 shares of the company's stock valued at $510,000 after acquiring an additional 108 shares in the last quarter. Finally, Ameritas Advisory Services LLC lifted its holdings in shares of Jacobs Solutions by 1.5% during the 1st quarter. Ameritas Advisory Services LLC now owns 8,034 shares of the company's stock valued at $989,000 after acquiring an additional 117 shares in the last quarter. 85.65% of the stock is owned by hedge funds and other institutional investors.

Jacobs Solutions Stock Down 0.5%

J stock traded down $0.63 during midday trading on Friday, reaching $138.67. The company had a trading volume of 577,800 shares, compared to its average volume of 804,574. Jacobs Solutions Inc. has a 1 year low of $106.23 and a 1 year high of $156.31. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $16.66 billion, a P/E ratio of 38.20, a PEG ratio of 1.95 and a beta of 0.77. The company has a 50 day moving average of $129.51 and a two-hundred day moving average of $127.58.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.41 by $0.02. The firm had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $3 billion. Jacobs Solutions had a net margin of 3.53% and a return on equity of 15.67%. The business's quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.91 earnings per share. On average, equities research analysts expect 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, June 20th. Shareholders of record on Friday, May 23rd were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.28 annualized dividend and a yield of 0.92%. Jacobs Solutions's dividend payout ratio is 35.26%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on J shares. Royal Bank Of Canada boosted their price objective on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. KeyCorp upgraded shares of Jacobs Solutions from a "sector weight" rating to an "overweight" rating and set a $155.00 target price on the stock in a research note on Wednesday. Truist Financial increased their price objective on shares of Jacobs Solutions from $130.00 to $141.00 and gave the stock a "hold" rating in a research note on Monday, May 12th. Citigroup decreased their target price 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. Finally, UBS Group decreased their price objective on shares of Jacobs Solutions from $154.00 to $152.00 and set a "buy" rating for the company in a report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $151.38.

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.