Jacobs Solutions Inc. (NYSE:J) Given Consensus Rating of “Moderate Buy” by Brokerages

Jacobs Solutions Inc. (NYSE:J) has earned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $150.86.

A number of equities analysts have recently commented on the company. Robert W. Baird cut their price target on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. UBS Group cut their price target on Jacobs Solutions from $154.00 to $152.00 and set a “buy” rating for the company in a report on Friday, May 9th. Royal Bank of Canada raised their price target on Jacobs Solutions from $152.00 to $154.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Truist Financial raised their price target on Jacobs Solutions from $130.00 to $141.00 and gave the stock a “hold” rating in a report on Monday, May 12th. Finally, Citigroup cut their price target on Jacobs Solutions from $161.00 to $151.00 and set a “buy” rating for the company in a report on Friday, April 25th.

Institutional Investors Weigh In On Jacobs Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in J. Orion Portfolio Solutions LLC lifted its stake in Jacobs Solutions by 0.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 11,006 shares of the company’s stock worth $1,471,000 after purchasing an additional 83 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in Jacobs Solutions by 5.3% during the fourth quarter. Benjamin Edwards Inc. now owns 1,731 shares of the company’s stock worth $231,000 after purchasing an additional 87 shares during the last quarter. Avidian Wealth Enterprises LLC lifted its stake in Jacobs Solutions by 4.3% during the first quarter. Avidian Wealth Enterprises LLC now owns 2,111 shares of the company’s stock worth $255,000 after purchasing an additional 87 shares during the last quarter. Evoke Wealth LLC lifted its stake in Jacobs Solutions by 0.7% during the fourth quarter. Evoke Wealth LLC now owns 12,385 shares of the company’s stock worth $1,655,000 after purchasing an additional 88 shares during the last quarter. Finally, Greenleaf Trust lifted its stake in Jacobs Solutions by 3.5% during the fourth quarter. Greenleaf Trust now owns 2,773 shares of the company’s stock worth $371,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of NYSE J opened at $128.07 on Wednesday. The stock has a fifty day simple moving average of $121.20 and a two-hundred day simple moving average of $130.17. Jacobs Solutions has a 1-year low of $106.23 and a 1-year high of $156.31. The firm has a market cap of $15.39 billion, a price-to-earnings ratio of 26.41, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.41.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.02. Jacobs Solutions had a return on equity of 14.87% and a net margin of 4.28%. The business had revenue of $2.91 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the company earned $1.91 earnings per share. Jacobs Solutions’s revenue was up 2.2% compared to the same quarter last year. Analysts anticipate that Jacobs Solutions will post 6.05 earnings per share for the current year.

Jacobs Solutions announced that its Board of Directors has initiated a share buyback program on Tuesday, February 4th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the company to buy up to 9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be given a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.00%. Jacobs Solutions’s dividend payout ratio (DPR) is presently 35.26%.

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.