Jacobs Engineering Group Inc. (NYSE:JEC) has received an average rating of “Hold” from the eleven ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $62.63.
A number of brokerages recently issued reports on JEC. Jefferies Group LLC reissued a “hold” rating and issued a $61.00 target price on shares of Jacobs Engineering Group in a research report on Friday, August 4th. KeyCorp reissued a “buy” rating and issued a $60.00 target price on shares of Jacobs Engineering Group in a research report on Friday, August 25th. BidaskClub cut Jacobs Engineering Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Zacks Investment Research raised Jacobs Engineering Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Finally, Citigroup Inc. set a $64.00 target price on Jacobs Engineering Group and gave the company a “hold” rating in a research report on Friday.
Institutional investors and hedge funds have recently bought and sold shares of the business. Swiss National Bank raised its stake in Jacobs Engineering Group by 2.9% during the 2nd quarter. Swiss National Bank now owns 441,043 shares of the construction company’s stock valued at $23,988,000 after acquiring an additional 12,500 shares during the last quarter. Legal & General Group Plc raised its stake in Jacobs Engineering Group by 6.0% during the 2nd quarter. Legal & General Group Plc now owns 715,762 shares of the construction company’s stock valued at $38,928,000 after acquiring an additional 40,249 shares during the last quarter. Greenwood Capital Associates LLC raised its stake in Jacobs Engineering Group by 6.4% during the 2nd quarter. Greenwood Capital Associates LLC now owns 7,847 shares of the construction company’s stock valued at $427,000 after acquiring an additional 470 shares during the last quarter. Prudential Financial Inc. raised its stake in Jacobs Engineering Group by 61.5% during the 2nd quarter. Prudential Financial Inc. now owns 321,304 shares of the construction company’s stock valued at $17,476,000 after acquiring an additional 122,362 shares during the last quarter. Finally, BT Investment Management Ltd purchased a new stake in Jacobs Engineering Group during the 2nd quarter valued at approximately $13,951,000. 86.11% of the stock is owned by hedge funds and other institutional investors.
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Jacobs Engineering Group (NYSE:JEC) traded down 0.03% during midday trading on Thursday, reaching $58.71. The company’s stock had a trading volume of 338,078 shares. Jacobs Engineering Group has a 1-year low of $49.16 and a 1-year high of $63.42. The stock’s 50-day moving average price is $57.81 and its 200 day moving average price is $54.53. The firm has a market capitalization of $7.06 billion, a PE ratio of 31.23 and a beta of 1.53.
Jacobs Engineering Group (NYSE:JEC) last announced its earnings results on Tuesday, August 8th. The construction company reported $0.79 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.79. The firm had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Jacobs Engineering Group had a return on equity of 8.67% and a net margin of 2.29%. The business’s revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.78 EPS. Equities analysts anticipate that Jacobs Engineering Group will post $3.13 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 13th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio is presently 31.75%.
Jacobs Engineering Group Company Profile
Jacobs Engineering Group Inc is a technical professional services company. The Company provides a range of technical, professional and construction services to industrial, commercial and governmental clients. The Company’s services include Project Services; Process, Scientific, and Systems Consulting Services; Construction Services, and Operations and Maintenance Services.
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