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On March 6 and 7, Manuel J. Fernandez, a director at Jacobs Solutions Inc. (NYSE:J), purchased a total of 272 shares of the company’s common stock. The transactions, detailed in a recent SEC filing, amounted to a total value of $33,646. The shares were acquired at prices ranging between $122.80 and $124.01 per share. Following these purchases, Fernandez now holds 9,472 shares in the company. Jacobs Solutions, headquartered in Dallas, operates in the heavy construction sector with a market capitalization of $15.2 billion. The company maintains a moderate debt level with a debt-to-equity ratio of 0.72 and receives a "FAIR" overall financial health score from InvestingPro. The stock currently trades at a P/E ratio of 25.3 and offers a dividend yield of 1.03%, having raised its dividend for six consecutive years.Want deeper insights into insider trading patterns and comprehensive analysis? InvestingPro offers exclusive access to detailed insider transaction history and 8+ additional key insights about Jacobs Solutions.
In other recent news, Jacobs has reported its first-quarter fiscal 2025 results, showcasing adjusted earnings per share of $1.33, surpassing the analyst consensus of $1.27. However, the company’s revenue of $2.9 billion fell slightly short of the expected $2.92 billion, though it still marked a 4.4% increase year-over-year. Despite a GAAP net loss of $17.1 million due to mark-to-market losses on its AMTM investment, Jacobs’ backlog grew 18.9% year-over-year, reaching $21.8 billion. The company has also raised its fiscal 2025 adjusted EPS guidance range to $5.85-$6.20, slightly above analyst expectations.
In addition, Jacobs has secured a $13.4 million operational technology cybersecurity contract with the Hampton Roads Sanitation District, aiming to enhance the security of critical wastewater infrastructure. The company is also involved in a project with the City of Boynton Beach, Florida, to upgrade water treatment plants for PFAS removal, funded by a loan from Florida’s Drinking Water State Revolving Fund Program. During its 2025 Investor Day, Jacobs outlined its growth strategy, targeting a 6-8% organic adjusted net revenue growth and a 16%+ adjusted EBITDA margin by fiscal year 2029. The company has announced a 10% increase in its quarterly dividend to $0.32 per share and authorized a $1.5 billion share repurchase program.
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