Nomura Holdings Inc. increased its position in Jacobs Engineering Group Inc (NYSE:JEC) by 646.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,578 shares of the construction company’s stock after purchasing an additional 48,010 shares during the period. Nomura Holdings Inc.’s holdings in Jacobs Engineering Group were worth $2,577,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Madison Investment Holdings Inc. boosted its stake in Jacobs Engineering Group by 17.1% in the second quarter. Madison Investment Holdings Inc. now owns 1,284,085 shares of the construction company’s stock valued at $81,527,000 after acquiring an additional 187,572 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Jacobs Engineering Group during the second quarter valued at approximately $1,323,000. Granite Springs Asset Management LLC bought a new stake in shares of Jacobs Engineering Group during the second quarter valued at approximately $898,000. Ruggie Capital Group bought a new stake in shares of Jacobs Engineering Group during the second quarter valued at approximately $241,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Jacobs Engineering Group by 7.9% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,968 shares of the construction company’s stock valued at $1,238,000 after buying an additional 1,531 shares during the last quarter. Institutional investors own 86.52% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research cut Jacobs Engineering Group from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine raised Jacobs Engineering Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 19th. MKM Partners lifted their price target on Jacobs Engineering Group to $84.00 and gave the company a “buy” rating in a report on Thursday, September 6th. Bank of America lifted their price target on Jacobs Engineering Group from $80.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, August 7th. Finally, Credit Suisse Group lifted their price target on Jacobs Engineering Group from $86.00 to $88.00 and gave the company an “outperform” rating in a report on Tuesday, August 7th. Three investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Jacobs Engineering Group presently has a consensus rating of “Buy” and an average target price of $79.85.

Shares of NYSE JEC traded down $0.19 during trading on Friday, hitting $72.00. The company had a trading volume of 1,215,246 shares, compared to its average volume of 1,157,489. The stock has a market capitalization of $10.86 billion, a P/E ratio of 22.22, a P/E/G ratio of 1.34 and a beta of 1.55. Jacobs Engineering Group Inc has a 52 week low of $55.21 and a 52 week high of $78.32. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.45 and a current ratio of 1.45.

Jacobs Engineering Group (NYSE:JEC) last posted its quarterly earnings results on Monday, August 6th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.14. The company had revenue of $4.16 billion for the quarter, compared to analysts’ expectations of $4 billion. Jacobs Engineering Group had a return on equity of 9.83% and a net margin of 2.19%. The firm’s revenue was up 65.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.79 earnings per share. On average, research analysts forecast that Jacobs Engineering Group Inc will post 4.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, September 28th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.83%. Jacobs Engineering Group’s dividend payout ratio is currently 18.52%.

About Jacobs Engineering Group

Jacobs Engineering Group Inc provides technical, professional, and construction services. It offers project services that include engineering, architectural, interiors, design, planning, and related services, as well as planning, scheduling, procurement, estimating, cost engineering, project accounting and delivery, safety, and other support services.

Further Reading: Beta

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

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