Two Point Capital Management Inc. Takes Position in Jacobs Solutions Inc. $J

Two Point Capital Management Inc. purchased a new stake in shares of Jacobs Solutions Inc. (NYSE:J) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 78,270 shares of the company’s stock, valued at approximately $10,289,000. Jacobs Solutions makes up approximately 4.4% of Two Point Capital Management Inc.’s portfolio, making the stock its 11th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in J. Rossby Financial LCC bought a new position in shares of Jacobs Solutions in the 1st quarter worth about $33,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Jacobs Solutions in the 2nd quarter worth approximately $44,000. Whipplewood Advisors LLC boosted its position in Jacobs Solutions by 1,685.7% during the 1st quarter. Whipplewood Advisors LLC now owns 375 shares of the company’s stock valued at $45,000 after purchasing an additional 354 shares during the period. Colonial Trust Advisors bought a new position in Jacobs Solutions during the 1st quarter worth $51,000. Finally, Ransom Advisory Ltd acquired a new stake in Jacobs Solutions in the second quarter worth $53,000. Institutional investors own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. UBS Group raised their target price on Jacobs Solutions from $152.00 to $166.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. KeyCorp increased their price objective on shares of Jacobs Solutions from $155.00 to $157.00 and gave the stock an “overweight” rating in a report on Wednesday, August 6th. Citigroup boosted their target price on shares of Jacobs Solutions from $147.47 to $166.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Finally, Wall Street Zen upgraded shares of Jacobs Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $155.25.

Jacobs Solutions Stock Performance

J stock opened at $154.17 on Friday. The company has a 50-day simple moving average of $146.75 and a 200 day simple moving average of $133.06. The company has a market capitalization of $18.43 billion, a P/E ratio of 38.45, a PEG ratio of 1.80 and a beta of 0.81. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.65. Jacobs Solutions Inc. has a fifty-two week low of $106.23 and a fifty-two week high of $154.36.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, August 5th. The company reported $1.62 EPS for the quarter, beating the consensus estimate of $1.56 by $0.06. Jacobs Solutions had a net margin of 4.16% and a return on equity of 17.13%. The firm had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter last year, the company earned $1.96 EPS. Jacobs Solutions’s quarterly revenue was down 28.4% on a year-over-year basis. Jacobs Solutions has set its FY 2025 guidance at 6.000-6.100 EPS. Sell-side analysts predict that Jacobs Solutions Inc. will post 6.05 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, August 22nd. Jacobs Solutions’s dividend payout ratio is 31.92%.

Jacobs Solutions Profile

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.