True Wealth Design LLC Buys Shares of 334 Jacobs Solutions Inc. (NYSE:J)

True Wealth Design LLC purchased a new position in Jacobs Solutions Inc. (NYSE:J) during the third quarter, HoldingsChannel.com reports. The fund purchased 334 shares of the company’s stock, valued at approximately $44,000.

Other hedge funds have also recently made changes to their positions in the company. EdgeRock Capital LLC purchased a new stake in Jacobs Solutions during the 2nd quarter valued at about $26,000. Bruce G. Allen Investments LLC lifted its stake in shares of Jacobs Solutions by 427.5% in the second quarter. Bruce G. Allen Investments LLC now owns 211 shares of the company’s stock worth $29,000 after buying an additional 171 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Jacobs Solutions by 44.3% during the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after buying an additional 74 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Jacobs Solutions during the third quarter valued at approximately $42,000. Finally, GAMMA Investing LLC raised its holdings in Jacobs Solutions by 55.8% in the 3rd quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock worth $53,000 after acquiring an additional 145 shares during the last quarter. 85.65% of the stock is owned by institutional investors.

Jacobs Solutions Stock Up 0.0 %

Shares of J stock opened at $141.23 on Monday. The company has a current ratio of 1.20, a quick ratio of 1.14 and a debt-to-equity ratio of 0.30. Jacobs Solutions Inc. has a 12 month low of $104.90 and a 12 month high of $150.54. The stock has a market cap of $17.51 billion, a P/E ratio of 22.31, a P/E/G ratio of 2.13 and a beta of 0.71. The company has a 50 day simple moving average of $141.51 and a two-hundred day simple moving average of $142.39.

Jacobs Solutions (NYSE:J) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $4.50 billion. Jacobs Solutions had a return on equity of 14.82% and a net margin of 5.16%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.90 earnings per share. On average, research analysts expect that Jacobs Solutions Inc. will post 6.06 earnings per share for the current year.

Jacobs Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 annualized dividend and a dividend yield of 0.82%. Jacobs Solutions’s payout ratio is 18.33%.

Analysts Set New Price Targets

J has been the topic of several recent analyst reports. Robert W. Baird increased their target price on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research note on Wednesday, November 20th. Raymond James upgraded Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a report on Friday, October 4th. UBS Group upped their target price on shares of Jacobs Solutions from $161.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th. Citigroup decreased their price objective on shares of Jacobs Solutions from $166.00 to $161.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Finally, StockNews.com initiated coverage on shares of Jacobs Solutions in a research report on Tuesday, November 26th. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $156.50.

Jacobs Solutions Company Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.