Principal Financial Group Inc. Grows Stock Position in Janus International Group, Inc. (NYSE:JBI)

Principal Financial Group Inc. lifted its stake in Janus International Group, Inc. (NYSE:JBI) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 212,713 shares of the company’s stock after buying an additional 2,338 shares during the period. Principal Financial Group Inc. owned approximately 0.15% of Janus International Group worth $1,532,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of JBI. FMR LLC grew its stake in shares of Janus International Group by 74.9% in the fourth quarter. FMR LLC now owns 14,544,033 shares of the company’s stock worth $106,899,000 after purchasing an additional 6,227,738 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Janus International Group by 31.0% during the 4th quarter. JPMorgan Chase & Co. now owns 9,332,406 shares of the company’s stock valued at $68,593,000 after acquiring an additional 2,207,140 shares in the last quarter. Senvest Management LLC boosted its position in Janus International Group by 47.0% during the 4th quarter. Senvest Management LLC now owns 5,671,431 shares of the company’s stock valued at $41,685,000 after acquiring an additional 1,812,602 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Janus International Group during the 4th quarter valued at approximately $6,797,000. Finally, Marshall Wace LLP bought a new stake in Janus International Group during the 4th quarter valued at approximately $4,743,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, KeyCorp boosted their price target on Janus International Group from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Janus International Group Stock Performance

Janus International Group stock opened at $8.73 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.59 and a quick ratio of 2.21. Janus International Group, Inc. has a 1-year low of $5.99 and a 1-year high of $15.24. The firm has a market capitalization of $1.22 billion, a P/E ratio of 24.94 and a beta of 1.24. The company’s 50-day moving average is $8.42 and its 200 day moving average is $7.86.

Janus International Group (NYSE:JBI) last issued its earnings results on Thursday, May 8th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.05. The business had revenue of $210.50 million for the quarter, compared to analyst estimates of $200.73 million. Janus International Group had a net margin of 5.49% and a return on equity of 13.38%. The company’s quarterly revenue was down 17.3% compared to the same quarter last year. During the same period last year, the company posted $0.21 earnings per share. Research analysts forecast that Janus International Group, Inc. will post 0.54 EPS for the current year.

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

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.