Miles Capital Inc. bought a new position in Jacobs Engineering Group Inc (NYSE:JEC) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,589 shares of the construction company’s stock, valued at approximately $218,000.
Other hedge funds have also recently modified their holdings of the company. Arcadia Investment Management Corp MI bought a new stake in Jacobs Engineering Group in the 2nd quarter valued at approximately $25,000. Hanson & Doremus Investment Management bought a new stake in Jacobs Engineering Group in the 2nd quarter valued at approximately $26,000. Sandy Spring Bank lifted its stake in Jacobs Engineering Group by 100.0% in the 1st quarter. Sandy Spring Bank now owns 400 shares of the construction company’s stock valued at $30,000 after acquiring an additional 200 shares in the last quarter. Weaver Consulting Group bought a new stake in Jacobs Engineering Group in the 1st quarter valued at approximately $32,000. Finally, Johnson Financial Group Inc. bought a new stake in Jacobs Engineering Group in the 2nd quarter valued at approximately $34,000. 95.36% of the stock is owned by hedge funds and other institutional investors.
Shares of JEC stock traded up $0.93 during trading on Friday, reaching $91.31. 48,327 shares of the company’s stock were exchanged, compared to its average volume of 930,102. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $12.19 billion, a PE ratio of 20.41, a PEG ratio of 1.69 and a beta of 1.37. Jacobs Engineering Group Inc has a twelve month low of $55.17 and a twelve month high of $93.93. The firm’s fifty day moving average price is $85.77 and its 200-day moving average price is $79.93.
Jacobs Engineering Group (NYSE:JEC) last posted its earnings results on Monday, August 5th. The construction company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.15. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.10 billion. Jacobs Engineering Group had a return on equity of 11.11% and a net margin of 5.06%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.35 EPS. As a group, analysts anticipate that Jacobs Engineering Group Inc will post 4.85 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, July 25th. Jacobs Engineering Group’s payout ratio is presently 15.21%.
Several equities research analysts have commented on the company. Cowen restated a “buy” rating and issued a $92.00 target price on shares of Jacobs Engineering Group in a research note on Tuesday, August 20th. ValuEngine upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. DA Davidson upped their price objective on Jacobs Engineering Group to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Zacks Investment Research upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research note on Friday, August 16th. Finally, Credit Suisse Group upped their price objective on Jacobs Engineering Group from $85.00 to $100.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 6th. Thirteen investment analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $87.81.
Jacobs Engineering Group Company Profile
Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.
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