Jacobs Solutions Inc. (NYSE:J) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Jacobs Solutions Inc. has received an average rating of "Moderate Buy" from nine brokerages, with six recommending to buy and three suggesting a hold.
• Institutional investors hold 85.65% of Jacobs Solutions' stock, indicating strong support from large financial entities.
• The company recently announced a quarterly dividend of $0.32 per share, resulting in an annualized yield of 0.8% with a payout ratio of 31.92%.

Shares of Jacobs Solutions Inc. (NYSE:J - Get Free Report) have been given an average rating of "Moderate Buy" by the nine ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $155.25.

A number of equities research analysts recently issued reports on J shares. 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 note on Wednesday, August 6th. 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 note 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 note on Monday, July 28th. Finally, Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th.

Institutional Investors Weigh In On Jacobs Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. D.A. Davidson & CO. boosted its stake in Jacobs Solutions by 1.6% during the 2nd quarter. D.A. Davidson & CO. now owns 4,439 shares of the company's stock worth $584,000 after purchasing an additional 71 shares during the last quarter. Huntington National Bank boosted its stake in Jacobs Solutions by 3.8% during the 2nd quarter. Huntington National Bank now owns 2,010 shares of the company's stock worth $264,000 after purchasing an additional 73 shares during the last quarter. 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 last quarter. Vident Advisory LLC boosted its stake in Jacobs Solutions by 0.8% during the 2nd quarter. Vident Advisory LLC now owns 9,794 shares of the company's stock worth $1,287,000 after purchasing an additional 75 shares during the last quarter. Finally, 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 last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

Jacobs Solutions Price Performance

NYSE:J opened at $150.76 on Tuesday. 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 firm has a market cap of $18.02 billion, a price-to-earnings ratio of 37.60, a price-to-earnings-growth ratio of 2.03 and a beta of 0.79. The company has a 50 day moving average price of $145.07 and a 200-day moving average price of $131.68. Jacobs Solutions has a 1-year low of $106.23 and a 1-year high of $152.40.

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, beating analysts' consensus estimates of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The firm had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter last year, the company earned $1.96 EPS. The firm's revenue for the quarter was down 28.4% compared to the same quarter last year. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Equities research analysts forecast that Jacobs Solutions will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, August 22nd. Jacobs Solutions's payout ratio is 31.92%.

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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