Janus International Group, Inc. $JBI Position Increased by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in Janus International Group by 914.9% in the first quarter, now owning about 2.59% of the company valued at $26.16 million.
• Janus International Group reported earnings per share of $0.20 for its latest quarter, exceeding analysts' expectations, but its revenue was down 8.2% year-over-year.
• The company has initiated a $75 million share repurchase plan, indicating management's belief that its stock is undervalued.

American Century Companies Inc. lifted its position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 914.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,633,684 shares of the company's stock after acquiring an additional 3,275,656 shares during the period. American Century Companies Inc. owned 2.59% of Janus International Group worth $26,163,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of JBI. Pacer Advisors Inc. bought a new position in shares of Janus International Group during the first quarter worth about $8,621,000. Marshall Wace LLP bought a new position in shares of Janus International Group during the fourth quarter worth about $4,743,000. Dimensional Fund Advisors LP grew its position in shares of Janus International Group by 21.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,442,612 shares of the company's stock worth $25,303,000 after acquiring an additional 609,765 shares during the last quarter. Nuveen LLC bought a new position in shares of Janus International Group during the first quarter worth about $2,254,000. Finally, Royce & Associates LP grew its position in shares of Janus International Group by 14.0% during the first quarter. Royce & Associates LP now owns 2,127,169 shares of the company's stock worth $15,316,000 after acquiring an additional 261,116 shares during the last quarter. Institutional investors own 88.78% of the company's stock.

Janus International Group Price Performance

NYSE JBI traded down $0.17 on Thursday, reaching $10.29. The company's stock had a trading volume of 71,609 shares, compared to its average volume of 1,366,866. Janus International Group, Inc. has a twelve month low of $5.99 and a twelve month high of $11.05. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.26 and a current ratio of 2.61. The stock has a market cap of $1.43 billion, a PE ratio of 33.18 and a beta of 1.25. The firm's 50 day moving average is $9.15 and its two-hundred day moving average is $8.21.

Janus International Group (NYSE:JBI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. Janus International Group had a net margin of 4.85% and a return on equity of 13.10%. The company had revenue of $228.10 million during the quarter, compared to analyst estimates of $216.99 million. During the same period in the prior year, the firm earned $0.21 earnings per share. The business's quarterly revenue was down 8.2% on a year-over-year basis. Janus International Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Janus International Group, Inc. will post 0.54 EPS for the current year.

Janus International Group announced that its board has approved a share repurchase plan on Thursday, May 15th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to purchase up to 6.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on JBI shares. Wall Street Zen upgraded shares of Janus International Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Jefferies Financial Group upped their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "hold" rating in a report on Wednesday, August 20th. KeyCorp upped their price objective on shares of Janus International Group from $10.00 to $12.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Finally, UBS Group upped their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $10.67.

About Janus International Group

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.