Jacobs Solutions (NYSE:J) Sets New 1-Year High - Should You Buy?

Key Points

• Jacobs Solutions Inc. shares reached a new 52-week high of $157.97, showing significant trading volume of 419,269 shares.
• Multiple brokerages have upgraded their ratings for Jacobs Solutions, with UBS raising its price target from $152 to $166 and a total of five analysts giving the stock a "Buy" rating.
• The company announced a quarterly dividend of $0.32 per share, indicating a dividend yield of 0.8% with a payout ratio of 31.92%.

Shares of Jacobs Solutions Inc. (NYSE:J - Get Free Report) reached a new 52-week high during trading on Tuesday . The company traded as high as $157.97 and last traded at $157.59, with a volume of 419269 shares. The stock had previously closed at $153.91.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on J. UBS Group upped 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. Wall Street Zen raised shares of Jacobs Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. Truist Financial upped their price objective on shares of Jacobs Solutions from $148.00 to $163.00 and gave the company a "hold" rating in a research report on Wednesday, October 8th. Citigroup upped their price objective 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 upped their price objective 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. Five research 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.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $157.71.

Jacobs Solutions Stock Up 2.7%

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 company has a market capitalization of $18.89 billion, a price-to-earnings ratio of 39.40, a price-to-earnings-growth ratio of 1.78 and a beta of 0.81. The firm's 50-day simple moving average is $148.56 and its 200-day simple moving average is $134.76.

Jacobs Solutions (NYSE:J - Get Free Report) last posted its quarterly 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 analyst estimates of $3.09 billion. During the same period last year, the business posted $1.96 EPS. 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. Sell-side analysts forecast that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

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

Institutional Trading of Jacobs Solutions

Institutional investors have recently made changes to their positions in the business. D.A. Davidson & CO. lifted its holdings in Jacobs Solutions by 1.6% during the 2nd quarter. D.A. Davidson & CO. now owns 4,439 shares of the company's stock valued at $584,000 after purchasing an additional 71 shares during the last quarter. Huntington National Bank lifted its holdings in Jacobs Solutions by 3.8% during the 2nd quarter. Huntington National Bank now owns 2,010 shares of the company's stock valued at $264,000 after purchasing an additional 73 shares during the last quarter. Fulton Bank N.A. lifted its holdings in Jacobs Solutions by 0.9% during the 2nd quarter. Fulton Bank N.A. now owns 8,570 shares of the company's stock valued at $1,127,000 after purchasing an additional 74 shares during the last quarter. Vident Advisory LLC lifted its holdings in Jacobs Solutions by 0.8% during the 2nd quarter. Vident Advisory LLC now owns 9,794 shares of the company's stock valued at $1,287,000 after purchasing an additional 75 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings 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 valued at $136,000 after purchasing an additional 78 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.