Principal Financial Group Inc. Purchases 163,711 Shares of Janus International Group, Inc. (NYSE:JBI)

Principal Financial Group Inc. grew its holdings in Janus International Group, Inc. (NYSE:JBI - Free Report) by 854.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 182,876 shares of the company's stock after purchasing an additional 163,711 shares during the period. Principal Financial Group Inc. owned approximately 0.13% of Janus International Group worth $1,849,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Silvercrest Asset Management Group LLC purchased a new stake in shares of Janus International Group in the first quarter worth $44,026,000. Vanguard Group Inc. boosted its position in shares of Janus International Group by 15.6% during the 1st quarter. Vanguard Group Inc. now owns 13,453,678 shares of the company's stock valued at $203,554,000 after acquiring an additional 1,817,144 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Janus International Group by 2,063.3% during the second quarter. Victory Capital Management Inc. now owns 1,339,287 shares of the company's stock worth $16,915,000 after purchasing an additional 1,277,377 shares in the last quarter. Epoch Investment Partners Inc. bought a new position in shares of Janus International Group in the first quarter worth approximately $18,954,000. Finally, Cooke & Bieler LP raised its stake in Janus International Group by 33.8% in the second quarter. Cooke & Bieler LP now owns 3,825,764 shares of the company's stock valued at $48,319,000 after purchasing an additional 966,346 shares in the last quarter. Hedge funds and other institutional investors own 88.78% of the company's stock.

Analyst Upgrades and Downgrades

JBI has been the topic of several research reports. Benchmark lowered their price objective on shares of Janus International Group from $21.00 to $14.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Wolfe Research lowered Janus International Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, August 12th. KeyCorp dropped their target price on Janus International Group from $13.00 to $11.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. UBS Group decreased their price target on shares of Janus International Group from $12.00 to $8.50 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group cut Janus International Group from a "buy" rating to a "hold" rating and dropped their target price for the company from $12.00 to $7.50 in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $10.25.

Janus International Group Trading Up 3.1 %

NYSE:JBI traded up $0.22 during trading hours on Friday, hitting $7.41. The company had a trading volume of 1,921,167 shares, compared to its average volume of 3,333,121. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.80 and a quick ratio of 2.39. The stock has a 50-day moving average price of $9.00 and a 200 day moving average price of $11.37. The company has a market capitalization of $1.05 billion, a PE ratio of 10.29 and a beta of 0.92. Janus International Group, Inc. has a 52 week low of $6.68 and a 52 week high of $15.86.

Janus International Group (NYSE:JBI - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.09). Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The company had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. During the same period in the previous year, the company earned $0.27 earnings per share. Janus International Group's quarterly revenue was down 17.9% on a year-over-year basis. On average, equities research analysts predict that Janus International Group, Inc. will post 0.54 EPS for the current fiscal year.

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.