Jacobs Solutions (NYSE:J) Price Target Cut to $152.00 by Analysts at Truist Financial

Jacobs Solutions (NYSE:J) had its price objective decreased by Truist Financial from $163.00 to $152.00 in a report issued on Friday,Benzinga reports. Truist Financial currently has a hold rating on the stock.

A number of other brokerages have also recently issued reports on J. Royal Bank Of Canada decreased their price objective on shares of Jacobs Solutions from $157.00 to $156.00 and set an “outperform” rating for the company in a report on Friday. Robert W. Baird reissued a “neutral” rating and issued a $146.00 price target (down previously from $161.00) on shares of Jacobs Solutions in a report on Friday. Bank of America dropped their price objective on Jacobs Solutions from $147.00 to $141.00 and set a “neutral” rating on the stock in a research note on Friday. Wells Fargo & Company reduced their target price on Jacobs Solutions from $160.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, KeyCorp increased their price target on Jacobs Solutions from $157.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $155.10.

Jacobs Solutions Trading Down 0.2%

NYSE:J traded down $0.30 during mid-day trading on Friday, hitting $128.87. The company had a trading volume of 2,734,379 shares, compared to its average volume of 866,484. Jacobs Solutions has a fifty-two week low of $106.23 and a fifty-two week high of $168.44. The business’s fifty day moving average is $152.83 and its two-hundred day moving average is $141.78. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.39 and a current ratio of 1.39. The firm has a market cap of $15.40 billion, a P/E ratio of 32.14, a P/E/G ratio of 1.87 and a beta of 0.83.

Jacobs Solutions (NYSE:J) last posted its earnings results on Thursday, November 20th. The company reported $1.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.08. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.14 billion. Jacobs Solutions had a return on equity of 17.13% and a net margin of 4.16%.The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.37 EPS. Jacobs Solutions has set its FY 2026 guidance at 6.900-7.300 EPS. As a group, research analysts expect that Jacobs Solutions will post 6.05 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Tuesday, December 2nd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Tuesday, December 2nd. Jacobs Solutions’s payout ratio is 52.89%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. CIBC Bancorp USA Inc. acquired a new stake in Jacobs Solutions in the 3rd quarter valued at approximately $2,474,000. Old North State Trust LLC grew its stake in shares of Jacobs Solutions by 10.2% during the 3rd quarter. Old North State Trust LLC now owns 4,066 shares of the company’s stock worth $609,000 after acquiring an additional 378 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of Jacobs Solutions by 2,081.3% during the 3rd quarter. Sunbelt Securities Inc. now owns 698 shares of the company’s stock worth $105,000 after acquiring an additional 666 shares in the last quarter. Danske Bank A S acquired a new stake in shares of Jacobs Solutions in the third quarter valued at approximately $809,000. Finally, Kestra Private Wealth Services LLC lifted its position in shares of Jacobs Solutions by 2.2% in the third quarter. Kestra Private Wealth Services LLC now owns 4,414 shares of the company’s stock worth $661,000 after purchasing an additional 93 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors.

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.