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Dallas-based Jacobs Solutions Inc. (NYSE:J), a $15.48 billion engineering and construction firm with a "GOOD" financial health rating according to InvestingPro, has announced the completion of a special pro rata dividend distribution of 7,299,065 shares of Amentum Holdings Inc. common stock to its shareholders, according to a recent 8-K filing with the Securities and Exchange Commission. This distribution, which took place today, signifies that Jacobs Solutions no longer holds any shares of Amentum stock.
The distribution is part of a previously disclosed plan by Jacobs Solutions. In an effort to provide shareholders with direct ownership, the company has transferred all of its Amentum shares to its shareholders. The move effectively separates Jacobs Solutions from Amentum, with no remaining equity interest post-distribution. This action aligns with the company’s track record of shareholder-friendly policies, as InvestingPro data shows management has been aggressively buying back shares while maintaining six consecutive years of dividend growth.
The company has also issued an information statement referred to as the Supplemental Information, which provides additional details regarding the distribution. This document has been attached as Exhibit 99.1 to the 8-K filing and is incorporated by reference.
Jacobs Solutions, with a standard industrial classification in heavy construction other than building construction contractors, is incorporated in Delaware and has its principal executive offices in Dallas, Texas. The company’s fiscal year-end is on September 26, and it operates under the Central Index Key (CIK) number 0000052988.
This news is based on the 8-K filing made by Jacobs Solutions Inc. with the SEC and reflects the company’s latest corporate actions as of May 20, 2025. The filing provides investors and the public with official, legally-required information on significant events affecting the company. Based on current trading levels, InvestingPro analysis indicates the stock is slightly overvalued, with a P/E ratio of 42.14 and strong liquidity metrics including a current ratio of 1.5. Investors can access 10 additional ProTips and a comprehensive Pro Research Report covering Jacobs Solutions on InvestingPro.
In other recent news, Jacobs Engineering Group Inc. reported its second-quarter earnings for 2025, revealing an earnings per share (EPS) of $1.43, surpassing the forecasted $1.39. Despite this earnings beat, the company fell short on revenue, reporting $2.91 billion against an anticipated $3 billion. RBC Capital increased its price target for Jacobs Engineering from $152 to $154, maintaining an Outperform rating, reflecting confidence in the company’s potential improvement in the second half of the fiscal year. Bernstein analysts also reiterated an Outperform rating with a $144 price target, noting a 2% increase in adjusted EPS and a 0.3% shortfall in EBITDA compared to estimates.
Jacobs has reaffirmed its full-year 2025 guidance, anticipating revenue growth to accelerate in the latter half of the year. The company has seen a significant backlog increase of 20% year-over-year, reaching $22 billion, which supports its optimistic revenue growth projections. Additionally, Jacobs has been selected to partner on the Marinus (NASDAQ:MRNS) Link project, an undersea and underground electricity interconnector in Australia, expected to create 3,300 jobs and generate $3.9 billion in economic growth. This project aligns with Australia’s decarbonization efforts and is classified as urgent in the national grid plan.
These developments underscore Jacobs Engineering’s strategic initiatives and its focus on sectors like life sciences and water, which are expected to drive future growth. The company remains optimistic about its trajectory, supported by analyst ratings and its robust backlog.
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