MetLife Investment Management LLC Cuts Position in Janus International Group, Inc. $JBI

MetLife Investment Management LLC reduced its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 1.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 86,194 shares of the company’s stock after selling 1,355 shares during the quarter. MetLife Investment Management LLC owned 0.06% of Janus International Group worth $621,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Janus International Group by 9.7% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,552,640 shares of the company’s stock valued at $11,179,000 after buying an additional 137,160 shares during the period. AlphaQuest LLC raised its holdings in shares of Janus International Group by 336.2% during the 1st quarter. AlphaQuest LLC now owns 5,091 shares of the company’s stock valued at $37,000 after buying an additional 3,924 shares during the period. Roubaix Capital LLC purchased a new stake in shares of Janus International Group during the 1st quarter valued at about $4,053,000. Raymond James Financial Inc. raised its holdings in shares of Janus International Group by 6.5% during the 1st quarter. Raymond James Financial Inc. now owns 985,195 shares of the company’s stock valued at $7,093,000 after buying an additional 60,404 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of 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 buying an additional 3,275,656 shares during the period. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on JBI. KeyCorp raised their target price on Janus International Group from $10.00 to $12.00 and gave the company an “overweight” rating in a report on Friday, August 8th. UBS Group raised their price objective on Janus International Group from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, August 8th. Jefferies Financial Group raised their price objective on Janus International Group from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Wednesday, August 20th. Finally, Wall Street Zen upgraded Janus International Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Janus International Group presently has a consensus rating of “Hold” and a consensus price target of $10.67.

Janus International Group Price Performance

Shares of JBI opened at $10.36 on Monday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 33.40 and a beta of 1.31. The stock has a 50 day moving average of $9.44 and a 200-day moving average of $8.31. 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, Inc. has a 52 week low of $5.99 and a 52 week high of $10.73.

Janus International Group (NYSE:JBI) last issued its earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $216.99 million. During the same quarter last year, the firm earned $0.21 EPS. The business’s 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, 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 buyback plan on Thursday, May 15th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to reacquire up to 6.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Janus International Group Company 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.