Janus International Group, Inc. $JBI Shares Acquired by Invesco Ltd.

Invesco Ltd. raised its position in shares of Janus International Group, Inc. (NYSE:JBI) by 6.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,690,739 shares of the company’s stock after purchasing an additional 96,851 shares during the period. Invesco Ltd. owned 1.20% of Janus International Group worth $12,173,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JBI. LPL Financial LLC boosted its stake in 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 purchasing an additional 1,839 shares during the period. Wells Fargo & Company MN boosted its stake in Janus International Group by 39.6% during the 4th quarter. Wells Fargo & Company MN now owns 78,580 shares of the company’s stock valued at $578,000 after purchasing an additional 22,310 shares during the period. Envestnet Asset Management Inc. boosted its stake in Janus International Group by 7.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 121,644 shares of the company’s stock valued at $894,000 after purchasing an additional 8,660 shares during the period. Barclays PLC boosted its stake in Janus International Group by 10.3% during the 4th quarter. Barclays PLC now owns 260,300 shares of the company’s stock valued at $1,913,000 after purchasing an additional 24,403 shares during the period. Finally, Dimensional Fund Advisors LP boosted 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 period. 88.78% of the stock is owned by institutional investors and hedge funds.

Janus International Group Price Performance

NYSE JBI opened at $10.5720 on Friday. The company has a 50 day simple moving average of $9.00 and a 200-day simple moving average of $8.17. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.61 and a quick ratio of 2.26. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 34.10 and a beta of 1.25. Janus International Group, Inc. has a 52-week low of $5.99 and a 52-week high of $11.49.

Janus International Group (NYSE:JBI) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. Janus International Group had a net margin of 4.85% and a return on equity of 13.10%. The business had revenue of $228.10 million during the quarter, compared to analyst estimates of $216.99 million. During the same period in the prior year, the firm earned $0.21 earnings per share. The firm’s revenue was down 8.2% compared to the same quarter last year. Janus International Group has set its FY 2025 guidance at EPS. Equities research analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Janus International Group announced that its board has authorized a share buyback program on Thursday, May 15th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to repurchase up to 6.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

JBI has been the subject of a number of analyst reports. KeyCorp boosted their target price on shares of Janus International Group from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Jefferies Financial Group upped their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday. UBS Group upped their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. Finally, Wall Street Zen raised shares of Janus International Group from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.