Jacobs Solutions (NYSE:J) Reaches New 12-Month High – Here’s Why

Jacobs Solutions Inc. (NYSE:J)’s share price reached a new 52-week high during trading on Monday. The company traded as high as $157.48 and last traded at $156.94, with a volume of 37,913 shares. The stock had previously closed at $154.62.

Analyst Upgrades and Downgrades

J has been the topic of several research reports. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Sunday, August 30th. Weiss Ratings raised shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 17th. Truist Financial lowered their price target on shares of Jacobs Solutions from $161.00 to $160.00 and set a “hold” rating for the company in a report on Monday, October 5th. Citigroup increased their price target on Jacobs Solutions from $181.00 to $188.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. Finally, KeyCorp cut their price objective on Jacobs Solutions from $168.00 to $166.00 and set an “overweight” rating on the stock in a report on Thursday, October 15th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $156.78.

Jacobs Solutions Stock Up 2.7%

The company has a debt-to-equity ratio of 1.10, a current ratio of 1.29 and a quick ratio of 1.29. The company has a market capitalization of $18.76 billion, a P/E ratio of 56.33, a PEG ratio of 1.94 and a beta of 0.68. The company has a 50 day moving average of $143.66 and a 200-day moving average of $133.90.

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, topping the consensus estimate of $1.83 by $0.01. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.40 billion. Jacobs Solutions had a return on equity of 23.96% and a net margin of 2.40%. Jacobs Solutions’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.62 EPS. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. As a group, equities analysts anticipate that Jacobs Solutions Inc. will post 7.24 EPS for the current year.

Insider Buying and Selling

In other Jacobs Solutions news, President Patrick Hill sold 17,201 shares of Jacobs Solutions stock in a transaction on Friday, August 7th. The shares were sold at an average price of $144.10, for a total value of $2,478,664.10. Following the completion of the transaction, the president owned 67,356 shares of the company’s stock, valued at approximately $9,705,999.60. The trade was a 20.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.48% of the company’s stock.

Hedge Funds Weigh In On Jacobs Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Chicago Partners Investment Group LLC purchased a new position in shares of Jacobs Solutions during the 3rd quarter worth approximately $563,000. Rakuten Investment Management Inc. boosted its stake in Jacobs Solutions by 9.3% during the 3rd quarter. Rakuten Investment Management Inc. now owns 21,075 shares of the company’s stock valued at $2,876,000 after purchasing an additional 1,798 shares during the period. Provenance Wealth Advisors LLC raised its holdings in Jacobs Solutions by 111,166.7% during the third quarter. Provenance Wealth Advisors LLC now owns 3,338 shares of the company’s stock worth $452,000 after purchasing an additional 3,335 shares in the last quarter. Carmel Capital Management L.L.C. purchased a new position in Jacobs Solutions in the 3rd quarter worth about $8,056,000. Finally, Summit Wealth Group LLC Co. increased its holdings in shares of Jacobs Solutions by 3.2% in the 3rd quarter. Summit Wealth Group LLC Co. now owns 3,054 shares of the company’s stock valued at $413,000 after purchasing an additional 96 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Jacobs Solutions Company Profile

Jacobs Solutions Inc (NYSE:J) is a global technical, professional and consulting services provider serving government and commercial clients. The company helps organizations plan, design, deliver and operate complex infrastructure and mission-critical programs, with expertise spanning advanced manufacturing, transportation, water, environmental services, energy, life sciences, space and national security.

Through its consulting and engineering operations, Jacobs provides services such as program and project management, engineering and design, architecture, environmental planning, digital solutions and operational support.