Epoch Investment Partners Inc. Raises Stock Holdings in Janus International Group, Inc. $JBI

Epoch Investment Partners Inc. increased its position in Janus International Group, Inc. (NYSE:JBI) by 634.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 777,405 shares of the company’s stock after buying an additional 671,600 shares during the quarter. Epoch Investment Partners Inc. owned 0.55% of Janus International Group worth $5,597,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Comerica Bank increased its stake in shares of Janus International Group by 435.6% in the first quarter. Comerica Bank now owns 76,273 shares of the company’s stock worth $549,000 after buying an additional 62,032 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in Janus International Group by 9.7% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,552,640 shares of the company’s stock valued at $11,179,000 after acquiring an additional 137,160 shares in the last quarter. AlphaQuest LLC boosted its holdings in Janus International Group by 336.2% in the first quarter. AlphaQuest LLC now owns 5,091 shares of the company’s stock valued at $37,000 after acquiring an additional 3,924 shares in the last quarter. Roubaix Capital LLC bought a new stake in Janus International Group in the first quarter valued at $4,053,000. Finally, Raymond James Financial Inc. boosted its holdings in Janus International Group by 6.5% in the first quarter. Raymond James Financial Inc. now owns 985,195 shares of the company’s stock valued at $7,093,000 after acquiring an additional 60,404 shares in the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

JBI has been the topic of several recent analyst reports. UBS Group lifted their price target on shares of Janus International Group from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, August 8th. Jefferies Financial Group lifted their price target on shares of Janus International Group from $9.00 to $10.00 and gave the company a “hold” rating in a report on Wednesday, August 20th. Wall Street Zen upgraded shares of Janus International Group from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, KeyCorp lifted their price target on shares of Janus International Group from $10.00 to $12.00 and gave the company an “overweight” rating in a report on Friday, August 8th. One investment 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, Janus International Group has a consensus rating of “Hold” and an average price target of $10.67.

Janus International Group Stock Performance

Shares of JBI stock opened at $10.45 on Thursday. Janus International Group, Inc. has a 12 month low of $5.99 and a 12 month high of $11.10. The stock has a market cap of $1.45 billion, a PE ratio of 33.69 and a beta of 1.25. 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’s fifty day moving average price is $9.15 and its 200-day moving average price is $8.21.

Janus International Group (NYSE:JBI) last announced its earnings results on Thursday, August 7th. The company reported $0.20 EPS for the quarter, beating 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 firm had revenue of $228.10 million for the quarter, compared to analysts’ expectations of $216.99 million. During the same quarter in the previous year, the business posted $0.21 EPS. 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. On average, equities analysts expect that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

Janus International Group announced that its Board of Directors has approved a share buyback plan on Thursday, May 15th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 6.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.