Jacobs Engineering Group (JEC) has risen sharply, recording gains of 1.54% in the past 4 weeks. However, the stock has corrected -0.47% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.5% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.05% and the 50-Day Moving Average is 2.82%. Jacobs Engineering Group (NYSE:JEC): On Fridays trading session , Opening price of the stock was $54.22 with an intraday high of $54.32. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $53.3839. However, the stock managed to close at $53.51, a loss of 1.65% for the day. On the previous day, the stock had closed at $54.41. The total traded volume of the day was 723,712 shares.
The company Insiders own 3.16% of Jacobs Engineering Group shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.15% . Institutional Investors own 88.57% of Jacobs Engineering Group shares. During last six month period, the net percent change held by insiders has seen a change of -7.97%. Also, In the latest statement by the brokerage house, Johnson Rice downgrades its outlook on Jacobs Engineering Group (NYSE:JEC). The current rating of the shares is Hold, according to the research report released by the firm. Previously, the company had a rating of Accumulate. The rating by the firm was issued on August 11, 2016.
Jacobs Engineering Group Inc. is a technical professional services company. The Company provides a range of technical, professional and construction services to industrial, commercial and governmental clients. Its services include technical professional services and field services. Its technical professional services include project services, and process, scientific and systems consulting. Its field services include construction, and operations and maintenance (O&M). It offers its services to the industries, including aerospace and defense; automotive and industrial; buildings; mining and minerals; nuclear; oil and gas (upstream); petrochemicals and chemicals; pharmaceutical and biotechnology; power and utilities; pulp, paper and consumer products; refining (downstream); telecommunications; transportation, and water and wastewater. It offers its services in approximately 30 countries. The Companys products include Chemetics, Comprimo sulfur solutions and Modular construction.