Janus International Group, Inc. $JBI Shares Acquired by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. increased its stake in Janus International Group by 634.8%, now owning 777,405 shares valued at approximately $5.6 million.
• Analysts have raised their price targets for Janus International Group, with KeyCorp setting a new target of $12.00 and giving an "overweight" rating.
• Janus International Group reported a quarterly earnings per share (EPS) of $0.20, surpassing expectations of $0.15, but showed a 8.2% year-over-year revenue decline.

Epoch Investment Partners Inc. raised its holdings in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 634.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 777,405 shares of the company's stock after purchasing an additional 671,600 shares during the period. Epoch Investment Partners Inc. owned 0.55% of Janus International Group worth $5,597,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. AlphaQuest LLC grew its holdings in shares of Janus International Group by 336.2% during the first quarter. AlphaQuest LLC now owns 5,091 shares of the company's stock valued at $37,000 after buying an additional 3,924 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Janus International Group by 42.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock valued at $38,000 after buying an additional 1,544 shares during the last quarter. Group One Trading LLC grew its holdings in shares of Janus International Group by 9,000.0% during the fourth quarter. Group One Trading LLC now owns 9,100 shares of the company's stock valued at $67,000 after buying an additional 9,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Janus International Group during the first quarter valued at $72,000. Finally, CWM LLC grew its holdings in shares of Janus International Group by 571.1% during the first quarter. CWM LLC now owns 11,012 shares of the company's stock valued at $79,000 after buying an additional 9,371 shares during the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on JBI shares. UBS Group boosted their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, August 8th. KeyCorp boosted their price objective on shares of Janus International Group from $10.00 to $12.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Jefferies Financial Group boosted their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the company a "hold" rating in a report on Wednesday, August 20th. 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 equities 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 an average rating of "Hold" and a consensus price target of $10.67.

Janus International Group Stock Performance

JBI traded down $0.08 during midday trading on Monday, hitting $10.33. 498,232 shares of the company were exchanged, compared to its average volume of 1,318,135. The company's 50 day simple moving average is $9.24 and its 200 day simple moving average is $8.24. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 33.32 and a beta of 1.31. The company has a current ratio of 2.61, a quick ratio of 2.26 and a debt-to-equity ratio of 1.00. Janus International Group, Inc. has a 1-year low of $5.99 and a 1-year high of $11.05.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.05. The company had revenue of $228.10 million for the quarter, compared to the consensus estimate of $216.99 million. Janus International Group had a return on equity of 13.10% and a net margin of 4.85%.The firm's revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. 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 earnings per share for the current year.

Janus International Group declared that its Board of Directors has authorized a share buyback plan on Thursday, May 15th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Janus International Group 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.