Jacobs Solutions Inc. $J Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in Jacobs Solutions Inc. (NYSE:J) by 2.2% in the fourth quarter, HoldingsChannel reports. The fund owned 589,516 shares of the company’s stock after purchasing an additional 12,620 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Jacobs Solutions were worth $78,087,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in J. Measured Wealth Private Client Group LLC acquired a new stake in shares of Jacobs Solutions in the 3rd quarter worth approximately $27,000. Princeton Global Asset Management LLC bought a new stake in shares of Jacobs Solutions in the 4th quarter worth approximately $30,000. Central Pacific Bank Trust Division bought a new stake in shares of Jacobs Solutions in the 4th quarter worth approximately $31,000. Wealth Watch Advisors INC bought a new stake in shares of Jacobs Solutions in the 3rd quarter worth approximately $33,000. Finally, First Horizon Corp bought a new stake in shares of Jacobs Solutions in the 3rd quarter worth approximately $34,000. 85.65% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, President Shannon Miller sold 1,440 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $134.13, for a total transaction of $193,147.20. Following the sale, the president owned 25,344 shares in the company, valued at $3,399,390.72. The trade was a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Manuel J. Fernandez purchased 253 shares of the business’s stock in a transaction dated Wednesday, May 13th. The shares were purchased at an average price of $112.56 per share, for a total transaction of $28,477.68. Following the acquisition, the director directly owned 12,504 shares of the company’s stock, valued at $1,407,450.24. This trade represents a 2.07% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.48% of the stock is owned by insiders.

Jacobs Solutions Stock Down 2.0%

NYSE J opened at $110.46 on Friday. Jacobs Solutions Inc. has a 12 month low of $105.68 and a 12 month high of $168.44. The company’s 50 day simple moving average is $126.70 and its 200 day simple moving average is $135.62. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.43 and a quick ratio of 1.43. The company has a market capitalization of $13.04 billion, a P/E ratio of 34.30, a PEG ratio of 1.09 and a beta of 0.73.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. Equities research analysts expect that Jacobs Solutions Inc. will post 7.22 earnings per share for the current fiscal year.

Jacobs Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, May 22nd will be issued a dividend of $0.36 per share. The ex-dividend date is Friday, May 22nd. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.3%. Jacobs Solutions’s payout ratio is currently 44.72%.

Analysts Set New Price Targets

A number of research firms recently commented on J. Wall Street Zen downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. KeyCorp dropped their target price on shares of Jacobs Solutions from $154.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday, May 6th. Robert W. Baird dropped their target price on shares of Jacobs Solutions from $130.00 to $126.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Zacks Research upgraded shares of Jacobs Solutions from a “strong sell” rating to a “hold” rating in a report on Thursday, February 5th. Finally, Wells Fargo & Company dropped their target price on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $153.40.

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.