562,969 Shares in Janus International Group, Inc. $JBI Bought 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 acquired a new position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 562,969 shares of the company's stock, valued at approximately $4,053,000. Janus International Group makes up about 2.1% of Roubaix Capital LLC's portfolio, making the stock its 20th biggest holding. Roubaix Capital LLC owned approximately 0.40% of Janus International Group as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Federated Hermes Inc. increased its position in Janus International Group by 109.3% during the fourth quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock worth $35,000 after buying an additional 2,506 shares during the period. Tower Research Capital LLC TRC increased its position in 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 worth $38,000 after buying an additional 1,544 shares during the period. Group One Trading LLC increased its position in Janus International Group by 9,000.0% during the fourth quarter. Group One Trading LLC now owns 9,100 shares of the company's stock worth $67,000 after buying an additional 9,000 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Janus International Group during the first quarter worth approximately $72,000. Finally, CWM LLC increased its position in Janus International Group by 571.1% during the first quarter. CWM LLC now owns 11,012 shares of the company's stock worth $79,000 after buying an additional 9,371 shares during the period. 88.78% of the stock is owned by institutional investors and hedge funds.

Janus International Group Price Performance

Shares of JBI traded down $0.1250 during mid-day trading on Thursday, hitting $9.9450. The company's stock had a trading volume of 1,281,465 shares, compared to its average volume of 1,387,195. 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 50-day simple moving average of $8.91 and a 200 day simple moving average of $8.14. The firm has a market capitalization of $1.38 billion, a P/E ratio of 32.08 and a beta of 1.25. Janus International Group, Inc. has a 1-year low of $5.99 and a 1-year high of $11.49.

Janus International Group (NYSE:JBI - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.15 by $0.05. The business 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%.The company's quarterly revenue was down 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. Janus International Group has set its FY 2025 guidance at EPS. Analysts predict that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Janus International Group announced that its board has approved a stock repurchase plan on Thursday, May 15th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the company to repurchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on JBI. KeyCorp increased 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. UBS Group increased 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. Jefferies Financial Group increased their price objective on Janus International Group from $9.00 to $10.00 and gave the stock a "hold" rating in a research report on Wednesday. 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 equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target 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.