Jacobs Solutions (NYSE:J) Sets New 1-Year High - Here's Why

Key Points

• Jacobs Solutions Inc. reached a new 52-week high at $153.32, with a closing price of $153.02 on Wednesday and a trading volume of 101,214 shares.
• Analysts have upgraded Jacobs Solutions to a "buy" rating, with price targets raised to as high as $166.00 by firms like UBS Group and Citigroup.
• The company reported quarterly earnings of $1.62 per share, surpassing expectations, but its revenue decreased by 28.4% compared to the same quarter last year.

Shares of Jacobs Solutions Inc. (NYSE:J - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $153.32 and last traded at $153.02, with a volume of 101214 shares trading hands. The stock had previously closed at $149.86.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on J shares. Wall Street Zen upgraded Jacobs Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. UBS Group raised their price objective on Jacobs Solutions from $152.00 to $166.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Citigroup raised 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. Finally, KeyCorp raised their price objective on Jacobs Solutions from $155.00 to $157.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $155.25.

Jacobs Solutions Price Performance

The firm has a market cap of $18.22 billion, a P/E ratio of 38.02, a price-to-earnings-growth ratio of 2.02 and a beta of 0.79. 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 has a 50-day moving average of $146.30 and a two-hundred day moving average of $132.70.

Jacobs Solutions (NYSE:J - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.56 by $0.06. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.09 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.Jacobs Solutions's quarterly revenue was down 28.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.96 EPS. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. On average, sell-side analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

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

Institutional Trading of Jacobs Solutions

Institutional investors and hedge funds have recently modified their holdings of the stock. Cary Street Partners Investment Advisory LLC grew its stake in shares of Jacobs Solutions by 103.3% in the 2nd quarter. Cary Street Partners Investment Advisory LLC now owns 187 shares of the company's stock worth $25,000 after acquiring an additional 95 shares in the last quarter. Rossby Financial LCC bought a new position in Jacobs Solutions during the first quarter valued at $33,000. Costello Asset Management INC bought a new position in Jacobs Solutions during the second quarter valued at $43,000. Moisand Fitzgerald Tamayo LLC bought a new position in Jacobs Solutions during the second quarter valued at $44,000. Finally, CYBER HORNET ETFs LLC bought a new position in Jacobs Solutions during the second quarter valued at $44,000. 85.65% of the stock is owned by hedge funds and other institutional investors.

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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