562,969 Shares in Janus International Group, Inc. $JBI Purchased by Roubaix Capital LLC

Key Points

• Roubaix Capital LLC acquired 562,969 shares of Janus International Group, valued at approximately $4,053,000, making it 20th largest position in their portfolio.
• Janus International Group recently reported earnings of $0.20 per share, surpassing analysts' estimates and highlighted a revenue of $228.10 million for the quarter.
• The company approved a $75 million share repurchase program, indicating management's belief that its stock is undervalued.

Roubaix Capital LLC purchased a new stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 562,969 shares of the company's stock, valued at approximately $4,053,000. Janus International Group comprises approximately 2.1% of Roubaix Capital LLC's holdings, making the stock its 20th biggest position. Roubaix Capital LLC owned approximately 0.40% of Janus International Group as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in JBI. Tower Research Capital LLC TRC increased its holdings in shares of Janus International Group by 42.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock valued at $38,000 after acquiring an additional 1,544 shares during the last quarter. LPL Financial LLC increased its holdings in shares of Janus International Group by 5.4% during the 4th quarter. LPL Financial LLC now owns 35,829 shares of the company's stock valued at $263,000 after acquiring an additional 1,839 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Janus International Group by 1.1% during the 1st 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. increased its holdings in shares of Janus International Group by 109.3% during the 4th 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, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of 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 acquiring an additional 2,890 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Janus International Group Stock Performance

JBI stock traded up $0.6870 during trading on Friday, reaching $10.6470. 1,189,131 shares of the stock were exchanged, compared to its average volume of 1,385,856. 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 capitalization of $1.48 billion, a P/E ratio of 34.35 and a beta of 1.25. The stock has a 50 day simple moving average of $8.95 and a 200-day simple moving average of $8.15. The company has a current ratio of 2.61, a quick ratio of 2.26 and a debt-to-equity ratio of 1.00.

Janus International Group (NYSE:JBI - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.05. The business 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%.The firm's revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period last year, the business earned $0.21 earnings per share. Janus International Group has set its FY 2025 guidance at EPS. As a group, sell-side 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 has initiated a stock buyback program on Thursday, May 15th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to buy up to 6.2% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Jefferies Financial Group increased their price objective on Janus International Group from $9.00 to $10.00 and gave the company a "hold" rating in a report on Wednesday. UBS Group boosted their price objective on 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 boosted their price objective 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 raised Janus International Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One 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, Janus International Group has an average 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.