State of Wisconsin Investment Board raised its position in shares of Jacobs Engineering Group Inc. (NYSE:JEC) by 27.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 105,355 shares of the construction company’s stock after buying an additional 22,750 shares during the period. State of Wisconsin Investment Board owned about 0.09% of Jacobs Engineering Group worth $5,730,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. increased its stake in Jacobs Engineering Group by 25.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 20,439 shares of the construction company’s stock worth $1,130,000 after buying an additional 4,135 shares during the period. BlackRock Inc. increased its stake in Jacobs Engineering Group by 2,990.4% in the first quarter. BlackRock Inc. now owns 7,894,069 shares of the construction company’s stock worth $436,383,000 after buying an additional 7,638,632 shares during the period. HL Financial Services LLC acquired a new stake in Jacobs Engineering Group during the first quarter worth $3,947,000. Norway Savings Bank increased its stake in Jacobs Engineering Group by 2.9% in the second quarter. Norway Savings Bank now owns 6,890 shares of the construction company’s stock worth $375,000 after buying an additional 195 shares during the period. Finally, LMR Partners LLP increased its stake in Jacobs Engineering Group by 201.5% in the second quarter. LMR Partners LLP now owns 12,659 shares of the construction company’s stock worth $689,000 after buying an additional 8,460 shares during the period. Hedge funds and other institutional investors own 86.13% of the company’s stock.

Shares of Jacobs Engineering Group Inc. (JEC) opened at 53.75 on Thursday. The stock has a market capitalization of $6.47 billion, a P/E ratio of 28.59 and a beta of 1.52. Jacobs Engineering Group Inc. has a 52-week low of $49.15 and a 52-week high of $63.42. The firm’s 50-day moving average price is $52.69 and its 200-day moving average price is $54.20.

Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Tuesday, August 8th. The construction company reported $0.79 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. Jacobs Engineering Group had a net margin of 2.29% and a return on equity of 8.67%. The company had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same period last year, the firm earned $0.78 earnings per share. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. Equities analysts forecast that Jacobs Engineering Group Inc. will post $3.13 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Friday, August 4th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 2nd. This represents a $0.60 annualized dividend and a dividend yield of 1.12%. Jacobs Engineering Group’s dividend payout ratio is presently 31.75%.

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JEC has been the topic of a number of analyst reports. BidaskClub upgraded Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Citigroup Inc. downgraded Jacobs Engineering Group from a “buy” rating to a “neutral” rating and set a $62.00 price target on the stock. in a research note on Thursday, August 3rd. Citadel Securities downgraded Jacobs Engineering Group from a “buy” rating to a “neutral” rating and lifted their price target for the company from $62.00 to $66.00 in a research note on Tuesday, August 8th. Zacks Investment Research upgraded Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, Robert W. Baird restated a “neutral” rating and issued a $64.00 price target (up from $62.00) on shares of Jacobs Engineering Group in a research note on Friday, May 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Jacobs Engineering Group presently has an average rating of “Hold” and a consensus target price of $62.30.

About Jacobs Engineering Group

Jacobs Engineering Group Inc is a technical professional services company. The Company provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.

Institutional Ownership by Quarter for Jacobs Engineering Group (NYSE:JEC)

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