Hennion & Walsh Asset Management Inc. Purchases 1,123 Shares of Jacobs Solutions Inc. (NYSE:J)

Hennion & Walsh Asset Management Inc. increased its holdings in shares of Jacobs Solutions Inc. (NYSE:J) by 36.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 4,212 shares of the company’s stock after purchasing an additional 1,123 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Jacobs Solutions were worth $648,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of J. First Pacific Financial acquired a new stake in shares of Jacobs Solutions during the 4th quarter worth about $27,000. GAMMA Investing LLC bought a new stake in shares of Jacobs Solutions during the fourth quarter worth approximately $27,000. ICA Group Wealth Management LLC bought a new stake in shares of Jacobs Solutions during the fourth quarter worth approximately $30,000. Union Savings Bank increased its stake in shares of Jacobs Solutions by 78.1% during the fourth quarter. Union Savings Bank now owns 285 shares of the company’s stock worth $37,000 after purchasing an additional 125 shares during the period. Finally, Northwest Financial Advisors bought a new position in shares of Jacobs Solutions during the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 85.65% of the company’s stock.

Wall Street Analysts Forecast Growth

J has been the topic of a number of research reports. Robert W. Baird decreased their price objective on Jacobs Solutions from $168.00 to $163.00 and set an “outperform” rating on the stock in a report on Wednesday, May 8th. Truist Financial decreased their price target on shares of Jacobs Solutions from $154.00 to $153.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Citigroup lifted their price objective on shares of Jacobs Solutions from $161.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, April 22nd. Bank of America increased their target price on shares of Jacobs Solutions from $145.00 to $152.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 2nd. Finally, William Blair downgraded shares of Jacobs Solutions from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 8th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Jacobs Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $156.82.

Insider Transactions at Jacobs Solutions

In related news, CFO Kevin C. Berryman sold 1,500 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total value of $217,965.00. Following the completion of the transaction, the chief financial officer now owns 231,604 shares of the company’s stock, valued at approximately $33,654,377.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Steven J. Demetriou sold 7,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $139.43, for a total transaction of $976,010.00. Following the sale, the insider now directly owns 541,138 shares in the company, valued at $75,450,871.34. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kevin C. Berryman sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $145.31, for a total transaction of $217,965.00. Following the completion of the transaction, the chief financial officer now owns 231,604 shares of the company’s stock, valued at approximately $33,654,377.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,500 shares of company stock valued at $2,200,995. 1.00% of the stock is currently owned by insiders.

Jacobs Solutions Stock Performance

Shares of NYSE:J opened at $137.77 on Wednesday. Jacobs Solutions Inc. has a 1 year low of $118.17 and a 1 year high of $154.50. The stock has a market capitalization of $17.25 billion, a price-to-earnings ratio of 26.60, a price-to-earnings-growth ratio of 1.61 and a beta of 0.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 1.17. The company’s 50 day simple moving average is $140.27 and its 200 day simple moving average is $140.66.

Jacobs Solutions (NYSE:J) last issued its earnings results on Tuesday, May 7th. The company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.07. Jacobs Solutions had a return on equity of 14.59% and a net margin of 3.83%. The firm had revenue of $4.27 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter last year, the business posted $1.81 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, research analysts predict that Jacobs Solutions Inc. will post 7.98 EPS for the current fiscal year.

Jacobs Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 24th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 0.84%. The ex-dividend date was Thursday, May 23rd. Jacobs Solutions’s payout ratio is 22.39%.

About Jacobs Solutions

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.