Fintel reports that on March 14, 2024, Truist Securities initiated coverage of Jacobs Solutions (NYSE:J) with a Hold recommendation.

Analyst Price Forecast Suggests 7.90% Upside

As of March 11, 2024, the average one-year price target for Jacobs Solutions is 161.16. The forecasts range from a low of 146.45 to a high of $184.80. The average price target represents an increase of 7.90% from its latest reported closing price of 149.36.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Jacobs Solutions is 16,114MM, a decrease of 3.58%. The projected annual non-GAAP EPS is 8.54.

Jacobs Solutions Declares $0.29 Dividend

On January 25, 2024 the company declared a regular quarterly dividend of $0.29 per share ($1.16 annualized). Shareholders of record as of February 23, 2024 will receive the payment on March 22, 2024. Previously, the company paid $0.26 per share.

At the current share price of $149.36 / share, the stock's dividend yield is 0.78%.

Looking back five years and taking a sample every week, the average dividend yield has been 0.77%, the lowest has been 0.57%, and the highest has been 1.21%. The standard deviation of yields is 0.10 (n=234).

The current dividend yield is 0.08 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 0.21. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.38%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 1329 funds or institutions reporting positions in Jacobs Solutions. This is an increase of 82 owner(s) or 6.58% in the last quarter. Average portfolio weight of all funds dedicated to J is 0.25%, a decrease of 12.53%. Total shares owned by institutions increased in the last three months by 3.27% to 125,872K shares. The put/call ratio of J is 0.56, indicating a bullish outlook.

What are Other Shareholders Doing?

Capital World Investors holds 6,399K shares representing 5.09% ownership of the company. In it's prior filing, the firm reported owning 6,349K shares, representing an increase of 0.77%. The firm decreased its portfolio allocation in J by 13.96% over the last quarter.

Primecap Management holds 6,097K shares representing 4.85% ownership of the company. In it's prior filing, the firm reported owning 6,225K shares, representing a decrease of 2.09%. The firm decreased its portfolio allocation in J by 12.64% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,945K shares representing 3.14% ownership of the company. In it's prior filing, the firm reported owning 3,915K shares, representing an increase of 0.77%. The firm decreased its portfolio allocation in J by 14.37% over the last quarter.

AGTHX - GROWTH FUND OF AMERICA holds 3,683K shares representing 2.93% ownership of the company. In it's prior filing, the firm reported owning 3,696K shares, representing a decrease of 0.34%. The firm decreased its portfolio allocation in J by 6.83% over the last quarter.

Allspring Global Investments Holdings holds 3,446K shares representing 2.74% ownership of the company. In it's prior filing, the firm reported owning 3,432K shares, representing an increase of 0.43%. The firm decreased its portfolio allocation in J by 14.45% over the last quarter.

Jacobs Solutions Background Information
(This description is provided by the company.)

Jacobs Engineering Group Inc. is challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With $14 billion in revenue and a talent force of approximately 55,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector.