Jacobs Engineering Group Inc (NYSE:JEC) Receives $84.29 Consensus PT from Analysts

Shares of Jacobs Engineering Group Inc (NYSE:JEC) have earned a consensus recommendation of “Buy” from the fifteen ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $84.29.

A number of research analysts have recently commented on the company. Zacks Investment Research downgraded Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Thursday, March 14th. Cowen reiterated a “buy” rating and issued a $92.00 price objective on shares of Jacobs Engineering Group in a report on Wednesday, April 24th. MKM Partners set a $87.00 price objective on Jacobs Engineering Group and gave the company a “buy” rating in a report on Tuesday, March 19th. KeyCorp increased their price objective on Jacobs Engineering Group from $82.00 to $86.00 and gave the company an “overweight” rating in a report on Wednesday, May 8th. Finally, ValuEngine upgraded Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Monday, February 25th.

In related news, Director Joseph R. Bronson sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $76.45, for a total transaction of $764,500.00. Following the transaction, the director now owns 35,302 shares in the company, valued at approximately $2,698,837.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael R. Tyler sold 650 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $75.69, for a total value of $49,198.50. Following the transaction, the senior vice president now owns 25,844 shares in the company, valued at approximately $1,956,132.36. The disclosure for this sale can be found here. Insiders have sold a total of 23,306 shares of company stock worth $1,769,699 in the last 90 days. 0.92% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Sandy Spring Bank lifted its position in Jacobs Engineering Group by 100.0% during the 1st quarter. Sandy Spring Bank now owns 400 shares of the construction company’s stock worth $30,000 after acquiring an additional 200 shares during the period. Weaver Consulting Group acquired a new stake in Jacobs Engineering Group during the 1st quarter worth approximately $32,000. First Manhattan Co. lifted its position in Jacobs Engineering Group by 115.9% during the 1st quarter. First Manhattan Co. now owns 462 shares of the construction company’s stock worth $34,000 after acquiring an additional 248 shares during the period. Citizens Financial Group Inc RI acquired a new stake in Jacobs Engineering Group during the 4th quarter worth approximately $28,000. Finally, CSat Investment Advisory L.P. lifted its position in Jacobs Engineering Group by 86.9% during the 4th quarter. CSat Investment Advisory L.P. now owns 600 shares of the construction company’s stock worth $35,000 after acquiring an additional 279 shares during the period. 93.89% of the stock is owned by institutional investors.

NYSE JEC traded up $0.32 during trading hours on Tuesday, hitting $82.30. 72,866 shares of the company were exchanged, compared to its average volume of 899,180. Jacobs Engineering Group has a 52-week low of $55.17 and a 52-week high of $82.83. The firm has a market capitalization of $11.24 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 1.46 and a beta of 1.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.52 and a current ratio of 1.52. The company’s 50 day simple moving average is $77.93.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings data on Tuesday, May 7th. The construction company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter in the prior year, the business posted $1.00 EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts expect that Jacobs Engineering Group will post 4.7 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 17th were paid a dividend of $0.17 per share. The ex-dividend date was Thursday, May 16th. This represents a $0.68 dividend on an annualized basis and a yield of 0.83%. Jacobs Engineering Group’s dividend payout ratio is presently 15.21%.

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.

Recommended Story: Yield Curve

Analyst Recommendations for Jacobs Engineering Group (NYSE:JEC)

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.