Northwestern Mutual Wealth Management Co. Buys Shares of 17,216 Jacobs Solutions Inc. $J

Northwestern Mutual Wealth Management Co. bought a new stake in shares of Jacobs Solutions Inc. (NYSE:J) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,216 shares of the company’s stock, valued at approximately $2,169,000.

Several other large investors also recently modified their holdings of J. Measured Wealth Private Client Group LLC bought a new stake in shares of Jacobs Solutions in the third quarter valued at $27,000. Wealth Watch Advisors INC purchased a new stake in shares of Jacobs Solutions in the third quarter worth about $33,000. Keating Financial Advisory Services Inc. purchased a new stake in Jacobs Solutions in the 2nd quarter worth approximately $30,000. International Assets Investment Management LLC bought a new stake in Jacobs Solutions during the fourth quarter valued at $38,000. Finally, Torren Management LLC bought a new stake in shares of Jacobs Solutions during the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $151.46 on Tuesday. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 1.10. The stock has a market cap of $17.88 billion, a PE ratio of 53.71, a PEG ratio of 1.45 and a beta of 0.68. The company’s fifty day moving average is $133.73 and its 200 day moving average is $129.99. Jacobs Solutions Inc. has a 52 week low of $105.68 and a 52 week high of $168.44.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the prior year, the business posted $1.62 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. Research analysts anticipate that Jacobs Solutions Inc. will post 7.26 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, August 21st will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, August 21st. This represents a $1.44 annualized dividend and a yield of 1.0%. Jacobs Solutions’s dividend payout ratio is currently 51.06%.

Insider Transactions at Jacobs Solutions

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $144.10, for a total value of $2,478,664.10. Following the transaction, the president directly owned 67,356 shares of the company’s stock, valued at $9,705,999.60. The trade was a 20.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Truist Financial decreased their price objective on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Citigroup boosted their target price on Jacobs Solutions from $180.00 to $181.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. UBS Group upped their target price on Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, Wells Fargo & Company cut their target price on Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $153.70.

Jacobs Solutions Profile

Jacobs Solutions Inc, commonly known as Jacobs, is a global professional services firm that provides technical, engineering, scientific and project delivery expertise across a broad range of industries. Founded in 1947 by Joseph J. Jacobs in Pasadena, California, the company evolved from a regional engineering consultancy into a diversified provider of design, program and construction management, operations and maintenance, and scientific services for complex infrastructure and industrial programs.