Nuveen LLC Purchases Shares of 313,054 Janus International Group, Inc. $JBI

Key Points

• Nuveen LLC has invested approximately $2.25 million in Janus International Group, acquiring 313,054 shares, which represents about 0.22% of the company.
• The company has initiated a $75 million stock buyback program, indicating the board believes the stock is undervalued.
• Janus International Group reported earnings of $0.20 per share for the latest quarter, exceeding expectations, despite an 8.2% year-over-year drop in revenue.

Nuveen LLC purchased a new position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 313,054 shares of the company's stock, valued at approximately $2,254,000. Nuveen LLC owned about 0.22% of Janus International Group as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC purchased a new stake in shares of Janus International Group during the first quarter worth about $228,000. GAMMA Investing LLC grew its stake in shares of Janus International Group by 787.5% during the first quarter. GAMMA Investing LLC now owns 17,813 shares of the company's stock worth $128,000 after acquiring an additional 15,806 shares during the last quarter. Invesco Ltd. grew its stake in shares of Janus International Group by 6.1% during the first quarter. Invesco Ltd. now owns 1,690,739 shares of the company's stock worth $12,173,000 after acquiring an additional 96,851 shares during the last quarter. Group One Trading LLC grew its stake in Janus International Group by 9,000.0% during the 4th quarter. Group One Trading LLC now owns 9,100 shares of the company's stock valued at $67,000 after purchasing an additional 9,000 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Janus International Group by 3.7% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 80,735 shares of the company's stock valued at $593,000 after purchasing an additional 2,890 shares during the last quarter. Hedge funds and other institutional investors own 88.78% of the company's stock.

Janus International Group Stock Down 0.8%

JBI stock traded down $0.08 during midday trading on Monday, hitting $10.33. The company's stock had a trading volume of 498,232 shares, compared to its average volume of 1,318,135. 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, Inc. has a 52-week low of $5.99 and a 52-week high of $11.05. The firm has a market capitalization of $1.43 billion, a P/E ratio of 33.32 and a beta of 1.31. The firm has a 50-day simple moving average of $9.29 and a 200-day simple moving average of $8.26.

Janus International Group (NYSE:JBI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 4.85% and a return on equity of 13.10%. The company's quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 EPS. Janus International Group has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Janus International Group, Inc. will post 0.54 EPS for the current year.

Janus International Group announced that its board has approved a share 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 purchase up to 6.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

JBI has been the subject of several research analyst reports. Wall Street Zen upgraded Janus International Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. KeyCorp boosted their price objective on Janus International Group from $10.00 to $12.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. UBS Group increased their target price on Janus International Group from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Finally, 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 report on Wednesday, August 20th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $10.67.

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.