North American Management Corp acquired a new stake in Jacobs Engineering Group Inc. (NYSE:J) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,920 shares of the company’s stock, valued at approximately $248,000.
A number of other institutional investors have also recently bought and sold shares of J. Fulton Breakefield Broenniman LLC acquired a new stake in Jacobs Engineering Group in the 1st quarter valued at approximately $441,000. Hexavest Inc. increased its holdings in shares of Jacobs Engineering Group by 5.9% during the first quarter. Hexavest Inc. now owns 60,613 shares of the company’s stock valued at $7,835,000 after purchasing an additional 3,400 shares during the period. First Hawaiian Bank raised its stake in shares of Jacobs Engineering Group by 119.4% during the first quarter. First Hawaiian Bank now owns 9,662 shares of the company’s stock valued at $1,249,000 after purchasing an additional 5,258 shares in the last quarter. BTR Capital Management Inc. lifted its holdings in Jacobs Engineering Group by 6.9% in the first quarter. BTR Capital Management Inc. now owns 109,115 shares of the company’s stock worth $14,105,000 after purchasing an additional 7,035 shares during the period. Finally, Fulton Bank N.A. bought a new position in Jacobs Engineering Group in the 1st quarter valued at about $329,000. 86.97% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently weighed in on J. Barclays upped their price target on shares of Jacobs Engineering Group from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, January 15th. Credit Suisse Group upped their target price on Jacobs Engineering Group from $131.00 to $134.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 10th. Robert W. Baird cut Jacobs Engineering Group from an “outperform” rating to a “neutral” rating and set a $118.00 price target on the stock. in a research report on Tuesday, January 5th. Finally, Benchmark upped their price objective on Jacobs Engineering Group from $120.00 to $130.00 and gave the company a “buy” rating in a report on Thursday, March 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. Jacobs Engineering Group currently has a consensus rating of “Buy” and a consensus target price of $116.38.
Jacobs Engineering Group (NYSE:J) last issued its quarterly earnings results on Monday, February 8th. The company reported $1.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.16. Jacobs Engineering Group had a return on equity of 12.43% and a net margin of 3.63%. The firm had revenue of $3.38 billion for the quarter, compared to analysts’ expectations of $3.40 billion. During the same quarter last year, the business posted $1.20 EPS. Jacobs Engineering Group’s revenue was up .6% on a year-over-year basis. On average, research analysts expect that Jacobs Engineering Group Inc. will post 5.75 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 26th. Investors of record on Friday, February 26th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Thursday, February 25th. This is an increase from Jacobs Engineering Group’s previous quarterly dividend of $0.19. Jacobs Engineering Group’s dividend payout ratio is 15.33%.
In other news, SVP Michael R. Tyler sold 4,125 shares of Jacobs Engineering Group stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $122.11, for a total transaction of $503,703.75. Following the transaction, the senior vice president now owns 26,879 shares in the company, valued at $3,282,194.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.00% of the stock is owned by insiders.
About Jacobs Engineering Group
Jacobs Engineering Group Inc provides consulting, technical, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, rest of Asia, Australia, New Zealand, South America, Mexico, the Middle East, and Africa. The company operates in two segments, Critical Mission Solutions and People & Places Solutions.
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