Investors tracking insider transactions at Jacobs Solutions Inc. (NYSE:J) might take note that the company's Chief Financial Officer, Kevin C. Berryman, has recently sold shares in the company. On April 30, 2024, Berryman sold 1,500 shares of common stock at a price of $145.31 each, totaling approximately $218,000.
This transaction was carried out under a Rule 10b5-1 trading plan, which Berryman had adopted on February 28, 2023. These plans allow company insiders to set up a predetermined schedule for buying and selling shares at a time when they are not in possession of material non-public information, providing a defense against accusations of insider trading.
Following this sale, Berryman's holdings in Jacobs Solutions now amount to 231,604 shares of common stock. The sale represents a routine adjustment to the CFO's investment portfolio and is not necessarily indicative of his outlook on the company's future performance.
Jacobs Solutions Inc., which operates in the heavy construction sector, is incorporated in Delaware and has its business headquarters in Dallas, Texas. The company has a history of involvement in significant construction projects and continues to be a key player in the industry.
For investors, tracking insider buying and selling can provide valuable insights into the confidence that executives have in their company's future prospects. However, it is important to consider the broader context in which these transactions take place, including the overall investment strategy of the individual and the company's current financial health and market performance.
InvestingPro Insights
As Jacobs Solutions Inc. (NYSE:J) continues to navigate the heavy construction sector, recent insider transactions have caught the eye of investors. The company's Chief Financial Officer's sale of shares may prompt a closer look into Jacobs Solutions' financial metrics and market performance. According to InvestingPro data, Jacobs Solutions boasts a robust market capitalization of $18.18 billion, reflecting its significant presence in the industry. The company's revenue for the last twelve months as of Q1 2024 stood at an impressive $16.71 billion, with a revenue growth of 8.94%, indicating a steady increase in its business operations.
Despite a notable P/E ratio of 25.69, which suggests a premium valuation relative to near-term earnings growth, Jacobs Solutions has been profitable over the last twelve months. This profitability is underlined by a solid gross profit margin of 21.16%. Additionally, Jacobs Solutions has demonstrated its commitment to shareholders by raising its dividend for 5 consecutive years, with the last dividend growth reported at 26.09%. This consistent dividend growth is a positive signal for investors looking for income in addition to capital appreciation.
For those considering a deeper investment analysis, there are more InvestingPro Tips available, including insights on the company's debt levels, analysts' earnings revisions, and stock volatility. In particular, Jacobs Solutions operates with a moderate level of debt and generally trades with low price volatility, which could be appealing to risk-averse investors. To access these additional insights and more, investors can visit https://www.investing.com/pro/J. Remember to use the coupon code PRONEWS24 for an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking a wealth of financial data and expert analysis to inform your investment decisions.
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