Perigon Wealth Management LLC Has $603,000 Stock Holdings in Jacobs Solutions Inc. (NYSE:J)

Perigon Wealth Management LLC raised its stake in shares of Jacobs Solutions Inc. (NYSE:J) by 75.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,358 shares of the company’s stock after purchasing an additional 1,873 shares during the period. Perigon Wealth Management LLC’s holdings in Jacobs Solutions were worth $603,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. First Horizon Advisors Inc. grew its holdings in shares of Jacobs Solutions by 44.3% in the third quarter. First Horizon Advisors Inc. now owns 241 shares of the company’s stock valued at $32,000 after acquiring an additional 74 shares in the last quarter. Quarry LP increased its position in shares of Jacobs Solutions by 394.9% during the 3rd quarter. Quarry LP now owns 292 shares of the company’s stock valued at $38,000 after purchasing an additional 233 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Jacobs Solutions during the 3rd quarter worth $42,000. True Wealth Design LLC purchased a new position in shares of Jacobs Solutions in the 3rd quarter worth about $44,000. Finally, GAMMA Investing LLC grew its position in Jacobs Solutions by 55.8% during the third quarter. GAMMA Investing LLC now owns 405 shares of the company’s stock valued at $53,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 85.65% of the company’s stock.

Wall Street Analyst Weigh In

J has been the subject of a number of research reports. Benchmark downgraded shares of Jacobs Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. The Goldman Sachs Group reissued a “neutral” rating and issued a $150.00 target price on shares of Jacobs Solutions in a research report on Tuesday, December 10th. Robert W. Baird upped their price target on Jacobs Solutions from $147.00 to $149.00 and gave the company an “outperform” rating in a research report on Wednesday, November 20th. Raymond James raised Jacobs Solutions from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a report on Friday, October 4th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $152.00 price objective on shares of Jacobs Solutions in a report on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Jacobs Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $156.00.

Jacobs Solutions Price Performance

Shares of NYSE:J opened at $139.99 on Friday. The company has a 50 day moving average of $136.73 and a 200 day moving average of $141.51. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.30. The stock has a market cap of $17.36 billion, a P/E ratio of 22.12, a P/E/G ratio of 2.07 and a beta of 0.72. Jacobs Solutions Inc. has a 12 month low of $110.95 and a 12 month high of $150.54.

Jacobs Solutions (NYSE:J) last released its quarterly earnings results on Tuesday, November 19th. The company reported $1.37 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.71). Jacobs Solutions had a net margin of 5.16% and a return on equity of 14.82%. The firm had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $4.50 billion. During the same quarter last year, the firm earned $1.90 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts forecast that Jacobs Solutions Inc. will post 6.06 EPS for the current fiscal year.

Jacobs Solutions Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Friday, February 21st will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.91%. This is a boost from Jacobs Solutions’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, February 21st. Jacobs Solutions’s dividend payout ratio is 18.33%.

Jacobs Solutions Company 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.