Janus International Group, Inc. $JBI Position Raised by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 63.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 115,757 shares of the company's stock after purchasing an additional 44,749 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.08% of Janus International Group worth $833,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Wellington Management Group LLP lifted its position in shares of Janus International Group by 5.0% during the fourth quarter. Wellington Management Group LLP now owns 4,585,908 shares of the company's stock worth $33,706,000 after purchasing an additional 219,506 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Janus International Group by 21.5% in 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. Royce & Associates LP lifted its holdings in Janus International Group by 14.0% in 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. Invesco Ltd. lifted its holdings in Janus International Group by 2.9% in the fourth quarter. Invesco Ltd. now owns 1,593,888 shares of the company's stock worth $11,715,000 after acquiring an additional 44,939 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in Janus International Group by 11.1% in the fourth quarter. Northern Trust Corp now owns 1,351,719 shares of the company's stock worth $9,935,000 after acquiring an additional 134,525 shares during the last quarter. Institutional investors own 88.78% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on JBI shares. Jefferies Financial Group raised their target price on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "hold" rating in a report on Wednesday. UBS Group raised their target price 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. KeyCorp raised their target price 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, Wall Street Zen raised shares of Janus International Group from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $10.67.

Janus International Group Stock Performance

Shares of JBI traded up $0.5360 during mid-day trading on Friday, reaching $10.4960. 870,582 shares of the company's stock traded hands, compared to its average volume of 1,383,506. The business's 50-day moving average price is $8.95 and its 200-day moving average price is $8.15. The stock has a market capitalization of $1.46 billion, a P/E ratio of 33.89 and a beta of 1.25. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.26 and a current ratio of 2.61. Janus International Group, Inc. has a 12 month low of $5.99 and a 12 month high of $11.49.

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

Janus International Group announced that its Board of Directors has approved a stock buyback program on Thursday, May 15th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to buy up to 6.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its shares are undervalued.

Janus International Group Company Profile

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.