260,220 Shares in Janus International Group, Inc. (NYSE:JBI) Acquired by Isthmus Partners LLC

Isthmus Partners LLC purchased a new position in Janus International Group, Inc. (NYSE:JBI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 260,220 shares of the company's stock, valued at approximately $1,874,000. Isthmus Partners LLC owned approximately 0.19% of Janus International Group as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake 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 purchasing an additional 1,544 shares during the last quarter. LPL Financial LLC grew its stake in shares of Janus International Group by 5.4% during the fourth quarter. LPL Financial LLC now owns 35,829 shares of the company's stock valued at $263,000 after purchasing an additional 1,839 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Janus International Group by 1.1% in the first quarter. Principal Financial Group Inc. now owns 212,713 shares of the company's stock valued at $1,532,000 after acquiring an additional 2,338 shares during the last quarter. Federated Hermes Inc. boosted its stake in Janus International Group by 109.3% in the fourth quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock valued at $35,000 after acquiring an additional 2,506 shares during the last quarter. Finally, Applied Fundamental Research LLC boosted its stake in Janus International Group by 0.4% in the fourth quarter. Applied Fundamental Research LLC now owns 790,594 shares of the company's stock valued at $5,811,000 after acquiring an additional 2,877 shares during the last quarter. 88.78% of the stock is owned by institutional investors.

Janus International Group Trading Down 1.8%

Shares of NYSE JBI traded down $0.17 during midday trading on Monday, reaching $8.88. 985,911 shares of the stock were exchanged, compared to its average volume of 1,857,544. The business has a 50-day simple moving average of $8.30 and a two-hundred day simple moving average of $7.82. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 25.36 and a beta of 1.24. Janus International Group, Inc. has a 12 month low of $5.99 and a 12 month high of $15.24. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.59 and a quick ratio of 2.21.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. The company had revenue of $210.50 million for the quarter, compared to analysts' expectations of $200.73 million. Janus International Group had a net margin of 5.49% and a return on equity of 13.38%. The business's quarterly revenue was down 17.3% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. As a group, equities research analysts expect that Janus International Group, Inc. will post 0.54 EPS for the current year.

Janus International Group announced that its board has initiated 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 reacquire up to 6.2% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Separately, KeyCorp raised their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $10.00.

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.