Jacobs Solutions Inc. (J) to Issue Quarterly Dividend of $0.36 on June 19th

Jacobs Solutions Inc. (NYSE:J) declared a quarterly dividend on Thursday, April 30th. Stockholders of record on Friday, May 22nd will be paid a dividend of 0.36 per share on Friday, June 19th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, May 22nd.

Jacobs Solutions has increased its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend every year for the last 4 years. Jacobs Solutions has a dividend payout ratio of 20.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Jacobs Solutions to earn $8.37 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 17.2%.

Jacobs Solutions Trading Down 0.7%

Shares of J stock opened at $112.80 on Wednesday. Jacobs Solutions has a 52-week low of $105.68 and a 52-week high of $168.44. The stock has a market cap of $13.32 billion, a price-to-earnings ratio of 35.03, a P/E/G ratio of 1.10 and a beta of 0.73. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a fifty day moving average of $125.77 and a 200-day moving average of $134.81.

Jacobs Solutions (NYSE:J) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.11. Jacobs Solutions had a net margin of 2.92% and a return on equity of 22.29%. The company had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the company posted $1.43 EPS. The business’s revenue was up 8.9% on a year-over-year basis. Jacobs Solutions has set its FY 2026 guidance at 7.100-7.350 EPS. On average, equities research analysts forecast that Jacobs Solutions will post 7.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Jacobs Solutions

In other Jacobs Solutions news, President Shannon Miller sold 1,440 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $134.13, for a total transaction of $193,147.20. Following the transaction, the president directly owned 25,344 shares in the company, valued at approximately $3,399,390.72. This represents a 5.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert V. Pragada bought 3,601 shares of the business’s stock in a transaction on Friday, May 15th. The shares were acquired at an average price of $111.09 per share, for a total transaction of $400,035.09. Following the completion of the transaction, the chief executive officer owned 333,755 shares in the company, valued at approximately $37,076,842.95. This trade represents a 1.09% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have acquired 4,257 shares of company stock worth $477,651. Company insiders own 0.48% of the company’s stock.

Institutional Trading of Jacobs Solutions

Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in shares of Jacobs Solutions by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 328,201 shares of the company’s stock valued at $49,184,000 after acquiring an additional 7,072 shares during the period. Citigroup Inc. raised its holdings in Jacobs Solutions by 34.2% during the 3rd quarter. Citigroup Inc. now owns 138,833 shares of the company’s stock worth $20,806,000 after buying an additional 35,380 shares during the period. Kepler Cheuvreux Suisse SA acquired a new stake in shares of Jacobs Solutions during the fourth quarter worth $2,161,000. Professional Advisory Services Inc. acquired a new stake in shares of Jacobs Solutions during the third quarter worth $25,673,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Jacobs Solutions by 13.5% during the third quarter. JPMorgan Chase & Co. now owns 617,718 shares of the company’s stock worth $92,575,000 after acquiring an additional 73,567 shares during the period. 85.65% of the stock is currently owned by institutional investors and hedge funds.

About Jacobs Solutions

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.