Morse Asset Management Inc lifted its holdings in shares of Jacobs Engineering Group Inc (NYSE:JEC) by 91.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,950 shares of the construction company’s stock after buying an additional 10,475 shares during the quarter. Morse Asset Management Inc’s holdings in Jacobs Engineering Group were worth $1,852,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in JEC. FMR LLC raised its stake in shares of Jacobs Engineering Group by 15.5% during the 1st quarter. FMR LLC now owns 5,883,832 shares of the construction company’s stock worth $442,405,000 after buying an additional 791,261 shares during the period. Rubric Capital Management LP purchased a new stake in shares of Jacobs Engineering Group during the first quarter worth approximately $25,196,000. AGF Investments Inc. increased its position in shares of Jacobs Engineering Group by 50.7% during the first quarter. AGF Investments Inc. now owns 970,408 shares of the construction company’s stock worth $72,965,000 after purchasing an additional 326,671 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of Jacobs Engineering Group by 112,453.6% during the first quarter. Thompson Siegel & Walmsley LLC now owns 298,267 shares of the construction company’s stock worth $22,427,000 after purchasing an additional 298,002 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Jacobs Engineering Group by 222.5% during the first quarter. Bank of Montreal Can now owns 249,498 shares of the construction company’s stock worth $18,760,000 after purchasing an additional 172,128 shares in the last quarter. 94.48% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE JEC traded up $0.88 during mid-day trading on Tuesday, reaching $83.89. 633,057 shares of the company’s stock were exchanged, compared to its average volume of 991,995. The firm has a market capitalization of $11.64 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 1.61 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.36 and a quick ratio of 1.36. Jacobs Engineering Group Inc has a 52-week low of $55.17 and a 52-week high of $86.43. The stock’s 50-day moving average is $84.07.

Jacobs Engineering Group (NYSE:JEC) last released its quarterly earnings results on Monday, August 5th. The construction company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.15. The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Jacobs Engineering Group had a return on equity of 11.11% and a net margin of 5.06%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.35 EPS. On average, sell-side analysts forecast that Jacobs Engineering Group Inc will post 4.84 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, July 25th. Jacobs Engineering Group’s dividend payout ratio is currently 15.21%.

Several analysts recently commented on JEC shares. KeyCorp boosted their price target on Jacobs Engineering Group from $86.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Cowen restated a “buy” rating and issued a $92.00 target price on shares of Jacobs Engineering Group in a report on Wednesday, April 24th. Credit Suisse Group upped their target price on Jacobs Engineering Group from $85.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. DA Davidson upped their target price on Jacobs Engineering Group to $95.00 and gave the company a “buy” rating in a report on Tuesday, August 6th. Finally, Barclays restated an “overweight” rating and issued a $85.00 target price on shares of Jacobs Engineering Group in a report on Tuesday, April 30th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $87.07.

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.

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Institutional Ownership by Quarter for Jacobs Engineering Group (NYSE:JEC)

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