Invesco Ltd. Has $12.17 Million Stock Position in Janus International Group, Inc. $JBI

Key Points

• Invesco Ltd. increased its ownership in Janus International Group by 6.1%, acquiring an additional 96,851 shares, thus owning 1.20% of the company valued at approximately $12.17 million.
• Janus International Group reported earnings of $0.20 per share, surpassing analysts' estimates, despite an 8.2% decline in revenue year-over-year.
• The company's board has authorized a $75 million share buyback program, indicating a belief that its shares are undervalued.

Invesco Ltd. raised its holdings in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 6.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,690,739 shares of the company's stock after purchasing an additional 96,851 shares during the period. Invesco Ltd. owned 1.20% of Janus International Group worth $12,173,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Janus International Group by 63.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 115,757 shares of the company's stock worth $833,000 after buying an additional 44,749 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Janus International Group by 11.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,313,377 shares of the company's stock worth $9,456,000 after buying an additional 132,506 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Janus International Group during the 1st quarter worth about $173,000. Pacer Advisors Inc. acquired a new position in shares of Janus International Group during the 1st quarter worth about $8,621,000. Finally, Royce & Associates LP grew its position in shares of Janus International Group by 14.0% during the 1st quarter. Royce & Associates LP now owns 2,127,169 shares of the company's stock worth $15,316,000 after buying an additional 261,116 shares during the period. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Janus International Group Stock Down 0.8%

Shares of JBI stock traded down $0.08 on Friday, hitting $10.33. 498,232 shares of the stock were exchanged, compared to its average volume of 1,340,211. The company has a current ratio of 2.61, a quick ratio of 2.26 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $1.43 billion, a P/E ratio of 33.32 and a beta of 1.25. The business has a 50-day moving average of $9.24 and a 200 day moving average of $8.24. Janus International Group, Inc. has a fifty-two week low of $5.99 and a fifty-two week high of $11.05.

Janus International Group (NYSE:JBI - Get Free Report) last posted its quarterly earnings data 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 during 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%.Janus International Group's revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. Janus International Group has set its FY 2025 guidance at EPS. Equities analysts anticipate that Janus International Group, Inc. will post 0.54 EPS for the current year.

Janus International Group announced that its board has initiated a share repurchase plan on Thursday, May 15th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 6.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

JBI has been the topic of a number of recent analyst reports. Wall Street Zen raised shares of Janus International Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. UBS Group lifted their price target on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. KeyCorp lifted their price target on shares of 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, Jefferies Financial Group raised their price target on Janus International Group from $9.00 to $10.00 and gave the stock a "hold" rating in a research report on Wednesday, August 20th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $10.67.

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.