Murphy & Mullick Capital Management Corp Invests $71,000 in Jacobs Solutions Inc. (NYSE:J)

Murphy & Mullick Capital Management Corp bought a new stake in Jacobs Solutions Inc. (NYSE:J) during the 4th quarter, HoldingsChannel reports. The fund bought 534 shares of the company’s stock, valued at approximately $71,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avalon Trust Co purchased a new position in Jacobs Solutions in the fourth quarter worth $33,000. Larson Financial Group LLC grew its stake in shares of Jacobs Solutions by 71.9% during the 4th quarter. Larson Financial Group LLC now owns 275 shares of the company’s stock worth $37,000 after purchasing an additional 115 shares during the period. Quarry LP increased its holdings in shares of Jacobs Solutions by 394.9% in the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after purchasing an additional 233 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Jacobs Solutions in the third quarter valued at about $44,000. Finally, Assetmark Inc. boosted its holdings in Jacobs Solutions by 42.7% during the fourth quarter. Assetmark Inc. now owns 334 shares of the company’s stock worth $45,000 after buying an additional 100 shares in the last quarter. 85.65% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $152.00 target price on shares of Jacobs Solutions in a report on Tuesday, December 3rd. StockNews.com assumed coverage on Jacobs Solutions in a report on Wednesday, December 4th. They set a “hold” rating for the company. Robert W. Baird decreased their target price on Jacobs Solutions from $154.00 to $148.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 5th. Citigroup dropped their price target on Jacobs Solutions from $161.00 to $160.00 and set a “buy” rating for the company in a research report on Wednesday, January 29th. Finally, Truist Financial lifted their price target on Jacobs Solutions from $137.00 to $142.00 and gave the stock a “hold” rating in a research note on Thursday, December 19th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $153.63.

Jacobs Solutions Stock Performance

Shares of NYSE J opened at $123.88 on Thursday. The company has a 50-day simple moving average of $130.03 and a 200-day simple moving average of $136.28. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $15.18 billion, a PE ratio of 25.54, a price-to-earnings-growth ratio of 1.84 and a beta of 0.77. Jacobs Solutions Inc. has a 12 month low of $118.71 and a 12 month high of $156.31.

Jacobs Solutions (NYSE:J) last released its earnings results on Tuesday, February 4th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.29 by $0.04. Jacobs Solutions had a net margin of 4.28% and a return on equity of 14.87%. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.92 billion. During the same period in the previous year, the company earned $1.45 EPS. Jacobs Solutions’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that Jacobs Solutions Inc. will post 6.05 earnings per share for the current year.

Jacobs Solutions declared that its Board of Directors has authorized a stock buyback program on Tuesday, February 4th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Jacobs Solutions Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Friday, February 21st were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, February 21st. This is an increase from Jacobs Solutions’s previous quarterly dividend of $0.29. This represents a $1.28 annualized dividend and a yield of 1.03%. Jacobs Solutions’s dividend payout ratio is 26.39%.

Jacobs Solutions Profile

Jacobs Solutions Inc provides consulting, technical, engineering, scientific, and project delivery services for the government and private sectors in the United States, Europe, Canada, India, Asia, Australia, New Zealand, the Middle East, and Africa. It operates through Critical Mission Solutions, People & Places Solutions, Divergent Solutions, and PA Consulting segments.