Jacobs Engineering Group Inc (JEC) Director Joseph R. Bronson Sells 6,125 Shares

Jacobs Engineering Group Inc (NYSE:JEC) Director Joseph R. Bronson sold 6,125 shares of the firm’s stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $63.01, for a total transaction of $385,936.25. Following the completion of the transaction, the director now directly owns 30,496 shares of the company’s stock, valued at $1,921,552.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Jacobs Engineering Group Inc (JEC) traded up $0.80 during trading on Thursday, reaching $65.63. The company’s stock had a trading volume of 1,024,853 shares, compared to its average volume of 819,728. Jacobs Engineering Group Inc has a fifty-two week low of $49.31 and a fifty-two week high of $66.20. The firm has a market cap of $7,777.29, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 1.40 and a beta of 1.51. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.05.

Jacobs Engineering Group (NYSE:JEC) last announced its quarterly earnings results on Tuesday, November 21st. The construction company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.16. Jacobs Engineering Group had a return on equity of 9.18% and a net margin of 2.93%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter last year, the firm posted $0.77 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. sell-side analysts expect that Jacobs Engineering Group Inc will post 3.44 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Friday, October 13th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, October 12th. Jacobs Engineering Group’s dividend payout ratio is currently 24.69%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Swiss National Bank lifted its holdings in shares of Jacobs Engineering Group by 2.9% during the second quarter. Swiss National Bank now owns 441,043 shares of the construction company’s stock worth $23,988,000 after buying an additional 12,500 shares in the last quarter. Greenwood Capital Associates LLC lifted its holdings in shares of Jacobs Engineering Group by 6.4% during the second quarter. Greenwood Capital Associates LLC now owns 7,847 shares of the construction company’s stock worth $427,000 after buying an additional 470 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Jacobs Engineering Group by 6.0% during 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 in the last quarter. First Quadrant L P CA lifted its holdings in shares of Jacobs Engineering Group by 17.1% during the third quarter. First Quadrant L P CA now owns 302,358 shares of the construction company’s stock worth $17,618,000 after buying an additional 44,080 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Jacobs Engineering Group by 61.5% during the second quarter. Prudential Financial Inc. now owns 321,304 shares of the construction company’s stock worth $17,476,000 after buying an additional 122,362 shares in the last quarter. 85.24% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on the stock. Citigroup set a $64.00 target price on shares of Jacobs Engineering Group and gave the company a “hold” rating in a research note on Friday, October 27th. ValuEngine raised shares of Jacobs Engineering Group from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. Jefferies Group reissued a “hold” rating and issued a $61.00 target price on shares of Jacobs Engineering Group in a research note on Friday, August 4th. Zacks Investment Research raised shares of Jacobs Engineering Group from a “hold” rating to a “strong-buy” rating and set a $67.00 target price for the company in a research note on Tuesday, October 17th. Finally, MKM Partners set a $61.00 target price on shares of Jacobs Engineering Group and gave the company a “neutral” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. Jacobs Engineering Group presently has a consensus rating of “Hold” and a consensus price target of $67.44.

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About Jacobs Engineering Group

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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