Ieq Capital LLC Buys Shares of 31,108 Janus International Group, Inc. $JBI

Key Points

• Ieq Capital LLC has acquired a new position in Janus International Group, purchasing 31,108 shares valued at approximately $224,000.
• Several institutional investors have significantly increased their stakes in Janus International Group, with Epoch Investment Partners boosting their position by 634.8%.
• Janus International Group reported a quarterly EPS of $0.20, exceeding analysts' expectations, but noted an 8.2% decline in revenue compared to the previous year.

Ieq Capital LLC acquired a new stake in Janus International Group, Inc. (NYSE:JBI - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 31,108 shares of the company's stock, valued at approximately $224,000.

Several other institutional investors have also modified their holdings of JBI. American Century Companies Inc. lifted its stake in shares of Janus International Group by 914.9% in the 1st quarter. American Century Companies Inc. now owns 3,633,684 shares of the company's stock valued at $26,163,000 after purchasing an additional 3,275,656 shares during the last quarter. Pacer Advisors Inc. bought a new stake in shares of Janus International Group in the 1st quarter valued at approximately $8,621,000. Epoch Investment Partners Inc. lifted its stake in shares of Janus International Group by 634.8% in the 1st quarter. Epoch Investment Partners Inc. now owns 777,405 shares of the company's stock valued at $5,597,000 after purchasing an additional 671,600 shares during the last quarter. Roubaix Capital LLC purchased a new stake in shares of Janus International Group in the first quarter worth approximately $4,053,000. Finally, Nuveen LLC purchased a new stake in shares of Janus International Group in the first quarter worth approximately $2,254,000. 88.78% of the stock is owned by institutional investors.

Janus International Group Trading Down 0.8%

JBI traded down $0.08 during trading on Friday, hitting $10.32. 933,879 shares of the stock were exchanged, compared to its average volume of 780,313. The firm has a 50 day simple moving average of $9.58 and a 200 day simple moving average of $8.39. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 33.28 and a beta of 1.31. Janus International Group, Inc. has a 1 year low of $5.99 and a 1 year high of $10.73. 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 (NYSE:JBI - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.20 EPS 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%.Janus International Group's quarterly revenue was down 8.2% on a year-over-year basis. During the same period last year, the business posted $0.21 EPS. Janus International Group has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Janus International Group, Inc. will post 0.54 EPS for the current year.

Janus International Group declared that its board has approved a stock repurchase program on Thursday, May 15th that permits the company to buyback $75.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 6.2% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group increased their price target on Janus International Group from $9.00 to $10.00 and gave the stock a "hold" rating in a report on Wednesday, August 20th. KeyCorp increased their price target on Janus International Group from $10.00 to $12.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Wall Street Zen upgraded Janus International Group from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, UBS Group increased their price target on Janus International Group from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. 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 data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $10.67.

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.