Hotchkis & Wiley Capital Management LLC Buys 137,160 Shares of Janus International Group, Inc. $JBI

Key Points

• Hotchkis & Wiley Capital Management LLC increased its stake in Janus International Group by 9.7%, acquiring an additional 137,160 shares, bringing its total to 1,552,640 shares valued at approximately $11.18 million.
• Analysts have raised price targets for Janus International Group, with UBS and Jefferies both increasing their targets to $10.00, while KeyCorp set a higher target of $12.00, showcasing positive sentiment towards the stock.
• Janus reported better-than-expected earnings with an EPS of $0.20, exceeding estimates and achieving revenue of $228.10 million, although this reflects an 8.2% decline year-over-year.

Hotchkis & Wiley Capital Management LLC boosted its stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 9.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,552,640 shares of the company's stock after purchasing an additional 137,160 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 1.11% of Janus International Group worth $11,179,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JBI. American Century Companies Inc. lifted its stake in shares of Janus International Group by 914.9% in the first quarter. American Century Companies Inc. now owns 3,633,684 shares of the company's stock worth $26,163,000 after buying an additional 3,275,656 shares during the last quarter. Pacer Advisors Inc. bought a new position in Janus International Group in the 1st quarter worth $8,621,000. Dimensional Fund Advisors LP raised its holdings in Janus International Group by 21.5% in the 4th 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 period. Roubaix Capital LLC acquired a new position in Janus International Group during the 1st quarter worth $4,053,000. Finally, Nuveen LLC bought a new stake in Janus International Group during the first quarter valued at about $2,254,000. Institutional investors and hedge funds own 88.78% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on JBI. UBS Group raised their price target on Janus International Group from $9.00 to $10.00 and gave the company a "neutral" rating in a research report on Friday, August 8th. Jefferies Financial Group increased their target price on Janus International Group from $9.00 to $10.00 and gave the company a "hold" rating in a research note on Wednesday. KeyCorp lifted their price target on Janus International Group from $10.00 to $12.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded 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 issued a Hold rating to the company. Based on data from MarketBeat.com, Janus International Group presently has a consensus rating of "Hold" and an average target price of $10.67.

Janus International Group Stock Up 6.1%

JBI stock opened at $10.5720 on Friday. Janus International Group, Inc. has a twelve month low of $5.99 and a twelve month high of $11.49. The company has a market cap of $1.47 billion, a PE ratio of 34.10 and a beta of 1.25. The business's 50-day simple moving average is $9.00 and its 200 day simple moving average is $8.17. The company has a quick ratio of 2.26, a current ratio of 2.61 and a debt-to-equity ratio of 1.00.

Janus International Group (NYSE:JBI - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.15 by $0.05. Janus International Group had a return on equity of 13.10% and a net margin of 4.85%.The firm had revenue of $228.10 million during the quarter, compared to analysts' expectations of $216.99 million. During the same quarter in the prior year, the firm posted $0.21 EPS. The company's revenue for the quarter was down 8.2% on a year-over-year basis. Janus International Group has set its FY 2025 guidance at EPS. On average, research analysts anticipate 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 approved a stock repurchase program on Thursday, May 15th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the company to purchase up to 6.2% of its shares through open market purchases. Shares repurchase programs are typically 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.

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