Jacobs Engineering Group Inc (NYSE:JEC) Director Joseph R. Bronson sold 10,000 shares of Jacobs Engineering Group stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $76.45, for a total value of $764,500.00. Following the completion of the transaction, the director now owns 35,302 shares in the company, valued at $2,698,837.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Jacobs Engineering Group stock opened at $76.54 on Friday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.51. Jacobs Engineering Group Inc has a 1-year low of $55.17 and a 1-year high of $82.24. The company has a market capitalization of $10.46 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 1.62 and a beta of 1.44.
Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Tuesday, May 7th. The construction company reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.10. Jacobs Engineering Group had a return on equity of 11.16% and a net margin of 2.13%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the business earned $1.00 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Jacobs Engineering Group Inc will post 4.69 earnings per share for the current fiscal year.
Several brokerages have weighed in on JEC. Robert W. Baird set a $83.00 target price on Jacobs Engineering Group and gave the company a “buy” rating in a research note on Wednesday, February 20th. Zacks Investment Research downgraded Jacobs Engineering Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 14th. Cowen restated a “buy” rating and issued a $92.00 price target on shares of Jacobs Engineering Group in a research note on Wednesday, April 24th. MKM Partners set a $87.00 price target on Jacobs Engineering Group and gave the company a “buy” rating in a research note on Tuesday, March 19th. Finally, Seaport Global Securities restated a “buy” rating and issued a $86.00 price target on shares of Jacobs Engineering Group in a research note on Wednesday, February 6th. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $84.55.
Institutional investors and hedge funds have recently bought and sold shares of the business. Brown Advisory Inc. boosted its position in Jacobs Engineering Group by 3.0% during the fourth quarter. Brown Advisory Inc. now owns 48,134 shares of the construction company’s stock worth $2,814,000 after purchasing an additional 1,400 shares in the last quarter. Vanguard Group Inc boosted its position in Jacobs Engineering Group by 0.8% during the third quarter. Vanguard Group Inc now owns 13,850,966 shares of the construction company’s stock worth $1,059,598,000 after purchasing an additional 107,375 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in Jacobs Engineering Group by 0.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 79,691 shares of the construction company’s stock worth $4,430,000 after purchasing an additional 359 shares in the last quarter. Northern Trust Corp boosted its position in Jacobs Engineering Group by 2.0% during the fourth quarter. Northern Trust Corp now owns 1,325,633 shares of the construction company’s stock worth $77,496,000 after purchasing an additional 25,375 shares in the last quarter. Finally, Forte Capital LLC ADV boosted its position in Jacobs Engineering Group by 4.4% during the first quarter. Forte Capital LLC ADV now owns 48,740 shares of the construction company’s stock worth $3,665,000 after purchasing an additional 2,058 shares in the last quarter. Institutional investors own 88.57% of the company’s stock.
About Jacobs Engineering Group
Jacobs Engineering Group Inc provides technical, professional, and construction services. The company's Aerospace, Technology, Environmental and Nuclear segment offers scientific, engineering, construction, nuclear, environmental, and technical support services to the aerospace, defense, technical, and automotive industries.
See Also: Balance Sheet
Receive News & Ratings for Jacobs Engineering Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jacobs Engineering Group and related companies with MarketBeat.com's FREE daily email newsletter.