Principal Financial Group Inc. Boosts Stake in Janus International Group, Inc. (NYSE:JBI)

Principal Financial Group Inc. raised its holdings in Janus International Group, Inc. (NYSE:JBI) by 67.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,165 shares of the company’s stock after purchasing an additional 7,741 shares during the quarter. Principal Financial Group Inc.’s holdings in Janus International Group were worth $242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JBI. Silvercrest Asset Management Group LLC purchased a new stake in Janus International Group in the first quarter valued at $44,026,000. Vanguard Group Inc. boosted its position in shares of Janus International Group by 26.8% in the 4th quarter. Vanguard Group Inc. now owns 11,636,534 shares of the company’s stock valued at $151,857,000 after purchasing an additional 2,458,953 shares during the period. Schroder Investment Management Group acquired a new stake in shares of Janus International Group in the 4th quarter valued at about $26,103,000. Epoch Investment Partners Inc. purchased a new stake in Janus International Group during the 1st quarter valued at approximately $18,954,000. Finally, Vaughan Nelson Investment Management L.P. raised its stake in Janus International Group by 23.2% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 5,248,730 shares of the company’s stock valued at $79,414,000 after acquiring an additional 988,435 shares during the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on JBI shares. Wolfe Research downgraded Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Benchmark cut their target price on Janus International Group from $21.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Jefferies Financial Group cut their target price on Janus International Group from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, September 10th. UBS Group cut their target price on Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, KeyCorp cut their target price on Janus International Group from $17.00 to $15.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.25.

Janus International Group Stock Performance

JBI opened at $9.86 on Monday. The stock has a market cap of $1.44 billion, a P/E ratio of 10.38 and a beta of 0.89. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.82 and a quick ratio of 2.47. The stock’s 50 day simple moving average is $11.90 and its 200 day simple moving average is $13.32. Janus International Group, Inc. has a 1-year low of $9.16 and a 1-year high of $15.86.

Janus International Group (NYSE:JBI) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.07). The firm had revenue of $248.40 million during the quarter, compared to analyst estimates of $287.42 million. Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. As a group, equities analysts anticipate that Janus International Group, Inc. will post 0.84 EPS for the current fiscal year.

Insider Buying and Selling at Janus International Group

In other Janus International Group news, insider Peter Frayser sold 15,000 shares of the stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the sale, the insider now owns 217,805 shares in the company, valued at approximately $3,267,075. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.94% of the stock is owned by insiders.

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.