Jacobs Solutions (NYSE:J) Reaches New 1-Year High - Here's What Happened

Key Points

• Jacobs Solutions Inc.'s stock reached a new 52-week high of $157.18, marking a significant milestone for the company.
• Analysts show positive sentiment, with several upgrades and increased price targets, including UBS Group raising their target to $166.00.
• The company has recently announced a quarterly dividend of $0.32, indicating a 0.8% yield for investors.

Jacobs Solutions Inc. (NYSE:J - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $157.18 and last traded at $156.71, with a volume of 50445 shares trading hands. The stock had previously closed at $155.01.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on J. Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Jacobs Solutions in a research report on Saturday, September 27th. UBS Group boosted their price target on shares of Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. KeyCorp upped their price target on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Finally, Citigroup lifted their price objective on Jacobs Solutions from $147.47 to $166.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $154.57.

Jacobs Solutions Stock Up 0.4%

The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.65. The business's fifty day moving average price is $147.22 and its two-hundred day moving average price is $133.66. The firm has a market cap of $18.61 billion, a P/E ratio of 38.81, a P/E/G ratio of 1.82 and a beta of 0.81.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $1.62 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 firm had revenue of $3.03 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the business posted $1.96 earnings per share. The business's quarterly revenue was down 28.4% on a year-over-year basis. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 6.05 EPS for the current year.

Jacobs Solutions Dividend Announcement

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

Hedge Funds Weigh In On Jacobs Solutions

A number of institutional investors have recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC grew its stake in Jacobs Solutions by 103.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company's stock valued at $25,000 after buying an additional 95 shares during the last quarter. Rossby Financial LCC acquired a new stake in Jacobs Solutions in the 1st quarter valued at approximately $33,000. Costello Asset Management INC bought a new position in Jacobs Solutions in the 2nd quarter worth approximately $43,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Jacobs Solutions during the second quarter worth approximately $44,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Jacobs Solutions during the second quarter worth approximately $44,000. Institutional investors 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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