Jacobs Solutions Inc. (NYSE:J) Shares Purchased by Bruce G. Allen Investments LLC

Bruce G. Allen Investments LLC raised its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 427.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 211 shares of the company’s stock after acquiring an additional 171 shares during the quarter. Bruce G. Allen Investments LLC’s holdings in Jacobs Solutions were worth $29,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of J. GAMMA Investing LLC acquired a new stake in shares of Jacobs Solutions during the 4th quarter valued at $27,000. ICA Group Wealth Management LLC acquired a new position in shares of Jacobs Solutions during the 4th quarter worth about $30,000. Union Savings Bank boosted its holdings in Jacobs Solutions by 78.1% in the 4th quarter. Union Savings Bank now owns 285 shares of the company’s stock valued at $37,000 after purchasing an additional 125 shares during the period. Northwest Financial Advisors bought a new stake in shares of Jacobs Solutions during the fourth quarter valued at approximately $39,000. Finally, Quarry LP grew its stake in shares of Jacobs Solutions by 108.9% in the 4th quarter. Quarry LP now owns 305 shares of the company’s stock valued at $40,000 after purchasing an additional 159 shares during the period. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Performance

J stock traded up $1.24 during midday trading on Friday, reaching $143.50. The stock had a trading volume of 1,008,832 shares, compared to its average volume of 672,086. Jacobs Solutions Inc. has a 52-week low of $120.71 and a 52-week high of $154.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market cap of $17.97 billion, a PE ratio of 27.70, a P/E/G ratio of 1.67 and a beta of 0.70. The firm has a fifty day simple moving average of $141.80 and a two-hundred day simple moving average of $143.35.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 6th. The company reported $1.96 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.96. The business had revenue of $4.23 billion during the quarter, compared to analyst estimates of $4.39 billion. Jacobs Solutions had a net margin of 3.83% and a return on equity of 14.59%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 earnings per share. As a group, equities research analysts anticipate that Jacobs Solutions Inc. will post 7.98 EPS for the current year.

Jacobs Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.16 annualized dividend and a dividend yield of 0.81%. Jacobs Solutions’s dividend payout ratio is presently 22.39%.

Wall Street Analyst Weigh In

J has been the topic of a number of recent analyst reports. StockNews.com raised shares of Jacobs Solutions from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. William Blair downgraded Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Citigroup raised their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research report on Monday, April 22nd. Truist Financial reaffirmed a “hold” rating and set a $158.00 price target (up from $153.00) on shares of Jacobs Solutions in a research report on Wednesday. Finally, Robert W. Baird decreased their price target on Jacobs Solutions from $163.00 to $160.00 and set an “outperform” rating on the stock in a research report on Wednesday. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.89.

Insiders Place Their Bets

In other Jacobs Solutions news, insider Steven J. Demetriou sold 7,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $146.88, for a total value of $1,028,160.00. Following the completion of the sale, the insider now owns 527,138 shares of the company’s stock, valued at $77,426,029.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 21,000 shares of company stock valued at $2,983,750 over the last quarter. Company insiders own 1.00% 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.