TruWealth Advisors LLC Invests $225,000 in Jacobs Solutions Inc. $J

Key Points

• TruWealth Advisors LLC has acquired a new stake in Jacobs Solutions Inc. valued at approximately $225,000, purchasing 1,712 shares during the second quarter.
• Several institutional investors have significantly increased their holdings in Jacobs Solutions, with Nuveen LLC investing over $43 million in the first quarter.
• Analysts have a positive outlook on Jacobs Solutions, with multiple firms raising their price targets and rating the stock as a "buy," indicating strong investor confidence.

TruWealth Advisors LLC bought a new position in shares of Jacobs Solutions Inc. (NYSE:J - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,712 shares of the company's stock, valued at approximately $225,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rossby Financial LCC acquired a new position in shares of Jacobs Solutions during the 1st quarter worth approximately $33,000. Whipplewood Advisors LLC boosted its holdings in shares of Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company's stock worth $45,000 after purchasing an additional 354 shares during the last quarter. Colonial Trust Advisors acquired a new position in shares of Jacobs Solutions during the 1st quarter worth approximately $51,000. Catalyst Capital Advisors LLC boosted its holdings in shares of Jacobs Solutions by 45.2% during the 1st quarter. Catalyst Capital Advisors LLC now owns 527 shares of the company's stock worth $64,000 after purchasing an additional 164 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its position in shares of Jacobs Solutions by 286.7% during the 1st quarter. Golden State Wealth Management LLC now owns 611 shares of the company's stock valued at $74,000 after buying an additional 453 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Jacobs Solutions Stock Performance

NYSE:J traded down $1.06 during mid-day trading on Friday, reaching $148.58. The stock had a trading volume of 251,725 shares, compared to its average volume of 797,569. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market capitalization of $17.76 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 2.00 and a beta of 0.79. Jacobs Solutions Inc. has a twelve month low of $106.23 and a twelve month high of $152.40. The business has a 50 day simple moving average of $144.49 and a 200 day simple moving average of $131.21.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, beating analysts' consensus estimates of $1.56 by $0.06. The firm 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 firm's revenue was down 28.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.96 earnings per share. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, 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 will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 22nd. Jacobs Solutions's dividend payout ratio (DPR) is presently 31.92%.

Analyst Ratings Changes

J has been the topic of several analyst reports. Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. UBS Group lifted their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Citigroup lifted their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Finally, KeyCorp lifted their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Jacobs Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $155.25.

Jacobs Solutions 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.