Jefferies Group LLC reiterated their hold rating on shares of Jacobs Engineering Group Inc. (NYSE:JEC) in a report released on Friday. The firm currently has a $61.00 price target on the construction company’s stock.
JEC has been the subject of several other research reports. Zacks Investment Research raised shares of Jacobs Engineering Group from a hold rating to a buy rating and set a $62.00 target price for the company in a research report on Tuesday, April 11th. BidaskClub raised shares of Jacobs Engineering Group from a sell rating to a hold rating in a research report on Friday, June 30th. Citigroup Inc. downgraded shares of Jacobs Engineering Group from a buy rating to a neutral rating and set a $62.00 target price for the company. in a research report on Thursday. Credit Suisse Group reissued a buy rating and issued a $69.00 target price on shares of Jacobs Engineering Group in a research report on Friday, April 21st. Finally, Robert W. Baird reissued a neutral rating and issued a $64.00 target price (up previously from $62.00) on shares of Jacobs Engineering Group in a research report on Friday, May 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $60.73.
Jacobs Engineering Group (NYSE:JEC) opened at 52.46 on Friday. Jacobs Engineering Group has a 1-year low of $49.15 and a 1-year high of $63.42. The firm has a 50-day moving average of $53.67 and a 200 day moving average of $55.02. The firm has a market cap of $6.32 billion, a P/E ratio of 30.50 and a beta of 1.52.
Jacobs Engineering Group (NYSE:JEC) last released its earnings results on Tuesday, May 9th. The construction company reported $0.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.07. The company had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.63 billion. Jacobs Engineering Group had a net margin of 2.05% and a return on equity of 8.56%. The company’s revenue was down 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 EPS. On average, analysts predict that Jacobs Engineering Group will post $3.13 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Friday, August 4th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, August 2nd. Jacobs Engineering Group’s payout ratio is 34.88%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Marshall Wace North America L.P. raised its position in Jacobs Engineering Group by 62.2% in the second quarter. Marshall Wace North America L.P. now owns 637,345 shares of the construction company’s stock worth $34,417,000 after buying an additional 244,429 shares during the last quarter. BB&T Securities LLC raised its position in Jacobs Engineering Group by 18.2% in the second quarter. BB&T Securities LLC now owns 5,062 shares of the construction company’s stock worth $275,000 after buying an additional 779 shares during the last quarter. Chartwell Investment Partners LLC raised its position in Jacobs Engineering Group by 3.6% in the second quarter. Chartwell Investment Partners LLC now owns 24,025 shares of the construction company’s stock worth $1,307,000 after buying an additional 825 shares during the last quarter. Comerica Bank raised its position in Jacobs Engineering Group by 0.6% in the second quarter. Comerica Bank now owns 32,839 shares of the construction company’s stock worth $1,713,000 after buying an additional 182 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Jacobs Engineering Group by 6.0% in the second quarter. Legal & General Group Plc now owns 715,762 shares of the construction company’s stock worth $38,928,000 after buying an additional 40,249 shares during the last quarter. 87.41% of the stock is owned by hedge funds and other institutional investors.
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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