Perigon Wealth Management LLC Takes Position in Jacobs Solutions Inc. $J

Perigon Wealth Management LLC acquired a new position in shares of Jacobs Solutions Inc. (NYSE:J) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,714 shares of the company’s stock, valued at approximately $846,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its holdings in shares of Jacobs Solutions by 828.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,326,988 shares of the company’s stock worth $174,434,000 after acquiring an additional 1,184,068 shares during the period. Focus Partners Wealth increased its stake in Jacobs Solutions by 246.3% in the 4th quarter. Focus Partners Wealth now owns 1,338,698 shares of the company’s stock valued at $177,324,000 after purchasing an additional 952,151 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Jacobs Solutions during the second quarter worth $76,688,000. L1 Capital International Pty Ltd raised its holdings in Jacobs Solutions by 363.6% during the fourth quarter. L1 Capital International Pty Ltd now owns 723,533 shares of the company’s stock worth $95,839,000 after purchasing an additional 567,478 shares during the last quarter. Finally, Morgan Stanley boosted its position in Jacobs Solutions by 19.5% during the fourth quarter. Morgan Stanley now owns 3,379,681 shares of the company’s stock worth $447,673,000 after purchasing an additional 552,277 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Jacobs Solutions

In related news, President Patrick Hill sold 17,201 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the sale, the president directly owned 67,356 shares in the company, valued at approximately $9,705,999.60. This trade represents a 20.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on J. Wells Fargo & Company lowered their price objective on shares of Jacobs Solutions from $137.00 to $131.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 7th. Wall Street Zen cut shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. KeyCorp reduced their price target 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. Royal Bank Of Canada increased their price target on shares of Jacobs Solutions from $171.00 to $174.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Finally, Truist Financial dropped their price objective on shares of Jacobs Solutions from $150.00 to $149.00 and set a “hold” rating for the company in a research note on Thursday, July 2nd. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $153.70.

Jacobs Solutions Stock Down 0.4%

Shares of NYSE:J opened at $143.09 on Wednesday. The stock’s 50-day moving average price is $131.79 and its two-hundred day moving average price is $129.60. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.10. Jacobs Solutions Inc. has a 12-month low of $105.68 and a 12-month high of $168.44. The firm has a market cap of $16.90 billion, a price-to-earnings ratio of 50.74, a PEG ratio of 1.39 and a beta of 0.68.

Jacobs Solutions (NYSE:J) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $1.84 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 net margin of 2.40% and a return on equity of 23.96%. Jacobs Solutions’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.62 earnings per share. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. On average, research analysts forecast that Jacobs Solutions Inc. will post 7.26 EPS for the current year.

Jacobs Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, August 21st will be given a $0.36 dividend. The ex-dividend date of this dividend is Friday, August 21st. This represents a $1.44 annualized dividend and a yield of 1.0%. Jacobs Solutions’s dividend payout ratio (DPR) is 51.06%.

Jacobs Solutions Profile

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.