Truvestments Capital LLC Has $245,000 Stock Position in Janus International Group, Inc. $JBI

Key Points

• Truvestments Capital LLC has reduced its stake in Janus International Group by 52.0% in the first quarter, selling 36,917 shares and now owning 34,086 shares valued at approximately $245,000.
• Janus International Group's stock is currently trading at $10.40, up from a fifty-two week low of $5.99, with analysts suggesting mixed ratings and a consensus target price of $10.67.
• The company has initiated a $75 million share repurchase program, indicating that it believes its shares are undervalued, amidst significant changes in institutional ownership with major investors adjusting their stakes.

Truvestments Capital LLC lowered its holdings in Janus International Group, Inc. (NYSE:JBI - Free Report) by 52.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 34,086 shares of the company's stock after selling 36,917 shares during the quarter. Truvestments Capital LLC's holdings in Janus International Group were worth $245,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in shares of Janus International Group by 5.0% in the fourth quarter. Wellington Management Group LLP now owns 4,585,908 shares of the company's stock valued at $33,706,000 after acquiring an additional 219,506 shares during the period. American Century Companies Inc. raised its stake in Janus International Group by 914.9% during the 1st quarter. American Century Companies Inc. now owns 3,633,684 shares of the company's stock valued at $26,163,000 after purchasing an additional 3,275,656 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Janus International Group by 21.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,442,612 shares of the company's stock valued at $25,303,000 after purchasing an additional 609,765 shares during the last quarter. Boston Partners boosted its holdings in Janus International Group by 1.1% in the 1st quarter. Boston Partners now owns 2,209,961 shares of the company's stock valued at $15,511,000 after purchasing an additional 23,132 shares during the period. Finally, Royce & Associates LP grew its position in Janus International Group by 14.0% in the 1st quarter. Royce & Associates LP now owns 2,127,169 shares of the company's stock worth $15,316,000 after purchasing an additional 261,116 shares during the last quarter. 88.78% of the stock is owned by institutional investors.

Janus International Group Price Performance

NYSE:JBI traded down $0.08 during mid-day 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. Janus International Group, Inc. has a fifty-two week low of $5.99 and a fifty-two week high of $11.05. 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 company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 33.32 and a beta of 1.31. The stock has a fifty day moving average of $9.24 and a 200-day moving average of $8.24.

Janus International Group (NYSE:JBI - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. Janus International Group had a return on equity of 13.10% and a net margin of 4.85%.The company had revenue of $228.10 million for the quarter, compared to the consensus estimate of $216.99 million. During the same period in the previous year, the business earned $0.21 earnings per share. The company's quarterly revenue was down 8.2% on a year-over-year basis. 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 fiscal year.

Janus International Group declared that its board has initiated a stock repurchase program on Thursday, May 15th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to repurchase up to 6.2% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

JBI has been the subject of a number of research 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. KeyCorp boosted their price target on Janus International Group from $10.00 to $12.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. UBS Group raised 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. Finally, Jefferies Financial Group lifted their price objective on Janus International Group from $9.00 to $10.00 and gave the stock a "hold" rating in a report on Wednesday, August 20th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.