Jacobs Solutions (NYSE:J) Hits New 1-Year High - What's Next?

Key Points

• Jacobs Solutions stock reached a new 52-week high of $150.76 recently, with the last trade at $150.47, reflecting significant market interest.
• Analyst ratings suggest optimism, with several firms raising price targets, leading to an average target of $155.25 and a consensus rating of "Moderate Buy".
• The company announced a quarterly dividend of $0.32 per share, translating to a 0.8% yield, with a payout ratio of 31.92%.

Jacobs Solutions Inc. (NYSE:J - Get Free Report)'s stock price reached a new 52-week high on Wednesday . The company traded as high as $150.76 and last traded at $150.47, with a volume of 33600 shares changing hands. The stock had previously closed at $149.81.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. KeyCorp raised their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, August 6th. Truist Financial lifted their target price 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. Royal Bank Of Canada raised their price target on shares of Jacobs Solutions from $152.00 to $154.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. UBS Group raised their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, Citigroup raised their price target on shares of Jacobs Solutions from $147.47 to $166.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $155.25.

Jacobs Solutions Stock Up 0.9%

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 business's 50 day moving average is $135.11 and its 200-day moving average is $128.42. The stock has a market cap of $18.08 billion, a price-to-earnings ratio of 37.71, a PEG ratio of 2.01 and a beta of 0.79.

Jacobs Solutions (NYSE:J - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The company had revenue of $3.03 billion for the quarter, compared to analysts' expectations of $3.09 billion. During the same quarter in the previous year, the company posted $1.96 EPS. The firm's quarterly revenue was down 28.4% on a year-over-year basis. On average, sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 EPS for the current fiscal year.

Jacobs Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be 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 is Friday, August 22nd. Jacobs Solutions's payout ratio is 31.92%.

Institutional Investors Weigh In On Jacobs Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Colonial Trust Co SC boosted its stake in Jacobs Solutions by 10,250.0% during the 4th quarter. Colonial Trust Co SC now owns 207 shares of the company's stock worth $28,000 after purchasing an additional 205 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of Jacobs Solutions during the 1st quarter valued at about $33,000. Costello Asset Management INC acquired a new position in shares of Jacobs Solutions during the 2nd quarter valued at about $43,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Jacobs Solutions during the 2nd quarter valued at about $44,000. Finally, Whipplewood Advisors LLC boosted its position 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 valued at $45,000 after acquiring an additional 354 shares during the last quarter. Institutional investors and hedge funds own 85.65% of the company's stock.

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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