Greenwood Capital Associates LLC Buys 18,463 Shares of Jacobs Solutions Inc. $J

Greenwood Capital Associates LLC increased its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 44.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 60,061 shares of the company’s stock after acquiring an additional 18,463 shares during the quarter. Greenwood Capital Associates LLC owned approximately 0.05% of Jacobs Solutions worth $7,568,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of J. Measured Wealth Private Client Group LLC acquired a new position in shares of Jacobs Solutions during the third quarter valued at about $27,000. Keating Financial Advisory Services Inc. bought a new position in shares of Jacobs Solutions during the 2nd quarter worth about $30,000. Wealth Watch Advisors INC acquired a new stake in shares of Jacobs Solutions in the 3rd quarter valued at about $33,000. International Assets Investment Management LLC acquired a new stake in shares of Jacobs Solutions in the 4th quarter valued at about $38,000. Finally, Compass Financial Management LLC bought a new stake in Jacobs Solutions in the 2nd quarter valued at about $43,000. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Trading Up 1.0%

J opened at $152.17 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29. Jacobs Solutions Inc. has a fifty-two week low of $105.68 and a fifty-two week high of $168.44. The firm has a market capitalization of $17.97 billion, a PE ratio of 53.96, a P/E/G ratio of 1.47 and a beta of 0.68. The company’s 50-day moving average is $136.03 and its 200 day moving average is $130.27.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.01. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. As a group, research analysts predict that Jacobs Solutions Inc. will post 7.26 earnings per share for the current fiscal year.

Jacobs Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, August 21st will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Friday, August 21st. Jacobs Solutions’s dividend payout ratio (DPR) is currently 51.06%.

Analysts Set New Price Targets

Several brokerages have issued reports on J. Wall Street Zen lowered Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Sunday. KeyCorp decreased their price objective on Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, May 6th. Citigroup boosted their price objective on Jacobs Solutions from $180.00 to $181.00 and gave the company a “buy” rating in a 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 report on Monday, August 10th. Finally, Truist Financial cut their target price on Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $153.70.

Insider Activity

In related 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 transaction of $2,478,664.10. Following the transaction, the president owned 67,356 shares of the company’s stock, valued at $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.48% of the stock is currently owned by insiders.

About Jacobs Solutions

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.