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NEW YORK - Engineering firm Jacobs (NYSE:J), a $17.5 billion market cap company with robust financial health according to InvestingPro analysis, has been selected by the New York State Department of Transportation (NYSDOT) to provide design services for infrastructure improvements in the lower Hudson Valley region, according to a press release issued Thursday.
The contract covers bridge replacement, bridge rehabilitation, highway reconstruction and highway rehabilitation projects across NYSDOT’s Region 8, which encompasses seven counties north of New York City: Westchester, Ulster, Rockland, Putnam, Orange, Dutchess and Columbia.
Jacobs will support efforts to address safety issues on the region’s nearly 6,000-mile state highway network and more than 1,000 bridges. The company’s scope includes traffic data analysis, environmental assessments, and Intelligent Transportation Systems design aimed at enhancing traffic management and reducing congestion.
"Making roads safer and reducing commute times is a benefit for everyone who lives in and navigates this historic, dynamic and rapidly growing region," said Jacobs Executive Vice President Katus Watson in the statement.
The Hudson Valley project adds to Jacobs’ transportation portfolio, which includes work on Scotland’s Queensferry Crossing and New York City’s Grand Central Madison project. Engineering News-Record ranks Jacobs No. 2 in the transportation sector. InvestingPro data shows the company maintains low price volatility, making it an attractive option for investors seeking stability in the infrastructure sector.
Each county in Region 8 borders the Hudson River and the area is home to the United States Military Academy at West Point, where Jacobs is currently involved in developing a new Cyber and Engineering Academic Center scheduled for completion this year.
Jacobs reported approximately $12 billion in annual revenue and employs a team of almost 45,000 people globally, according to the company’s press release. The company has demonstrated strong financial performance with a 25% gross profit margin and has consistently raised its dividend for six consecutive years. Discover more insights about Jacobs and 1,400+ other stocks with in-depth Pro Research Reports, available exclusively on InvestingPro.
In other recent news, Jacobs Engineering Group Inc. reported a strong financial performance for the third quarter of fiscal year 2025, with adjusted earnings per share (EPS) of $1.62, surpassing analysts’ expectations of $1.53. Despite a slight revenue forecast miss, the company demonstrated net revenue growth in its People & Places segment and across all three end-markets in its Intelligent & Advanced Facilities division. Following these results, RBC Capital and KeyBanc both raised their price targets for Jacobs Engineering to $157, maintaining an Outperform and Overweight rating, respectively.
Additionally, Jacobs has been selected as the owner’s program manager for a new pediatric hospital campus in Dallas, a joint venture between Children’s Health and the University of Texas Southwestern Medical Center. This project aims to address the growing pediatric population in the Dallas area. Furthermore, Jacobs has secured a construction management contract for the Port of Long Beach’s Pier B On-Dock Rail Support Facility program, part of the port’s $2.2 billion initiative to enhance cargo movement efficiency. These developments reflect Jacobs’ ongoing strategic initiatives and expansion efforts.
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