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

Jacobs Solutions Inc. (NYSE:J) hit 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 trading hands. The stock had previously closed at $154.62.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. KeyCorp lowered their price objective on Jacobs Solutions from $168.00 to $166.00 and set an “overweight” rating for the company in a research report on Thursday, October 15th. UBS Group raised their price objective on shares of Jacobs Solutions from $156.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Wall Street Zen lowered shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Weiss Ratings upgraded shares of Jacobs Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 17th. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus 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 fifty day moving average price of $143.66 and a 200 day moving average price of $133.90. The company has a market cap of $18.76 billion, a PE ratio of 56.33, a price-to-earnings-growth ratio of 1.94 and a beta of 0.68.

Jacobs Solutions (NYSE:J) last announced its earnings results on Tuesday, August 4th. The company reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.01. Jacobs Solutions had a net margin of 2.40% and a return on equity of 23.96%. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the firm posted $1.62 earnings per share. Jacobs Solutions’s quarterly revenue was up 8.3% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.200-7.300 EPS. As a group, analysts anticipate that Jacobs Solutions Inc. will post 7.24 EPS for the current year.

Insiders Place Their Bets

In related news, President Patrick Hill sold 17,201 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $144.10, for a total transaction of $2,478,664.10. Following the completion of the sale, the president directly owned 67,356 shares in the company, valued at $9,705,999.60. This represents a 20.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.48% of the company’s stock.

Institutional Trading of Jacobs Solutions

Several large investors have recently modified their holdings of J. Chicago Partners Investment Group LLC bought a new stake in shares of Jacobs Solutions in the 3rd quarter worth approximately $563,000. Rakuten Investment Management Inc. raised its holdings in shares of Jacobs Solutions by 9.3% during the third quarter. Rakuten Investment Management Inc. now owns 21,075 shares of the company’s stock valued at $2,876,000 after acquiring an additional 1,798 shares in the last quarter. Provenance Wealth Advisors LLC raised its holdings in shares of Jacobs Solutions by 111,166.7% during the third quarter. Provenance Wealth Advisors LLC now owns 3,338 shares of the company’s stock valued at $452,000 after acquiring an additional 3,335 shares in the last quarter. Carmel Capital Management L.L.C. purchased a new stake in Jacobs Solutions in the third quarter worth $8,056,000. Finally, Summit Wealth Group LLC Co. lifted its stake in Jacobs Solutions by 3.2% in the third quarter. Summit Wealth Group LLC Co. now owns 3,054 shares of the company’s stock worth $413,000 after acquiring an additional 96 shares during the period. 85.65% of the stock is owned by institutional investors.

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.