Principal Financial Group Inc. Has $1.85 Million Stock Position in Janus International Group, Inc. (NYSE:JBI)

Principal Financial Group Inc. boosted its position in shares of Janus International Group, Inc. (NYSE:JBI) by 854.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 182,876 shares of the company’s stock after purchasing an additional 163,711 shares during the quarter. Principal Financial Group Inc. owned about 0.13% of Janus International Group worth $1,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. ProShare Advisors LLC raised its stake in shares of Janus International Group by 8.5% during the first quarter. ProShare Advisors LLC now owns 15,267 shares of the company’s stock worth $231,000 after buying an additional 1,201 shares during the last quarter. Vanguard Group Inc. raised 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. Quadrature Capital Ltd bought a new stake in shares of Janus International Group during the 1st quarter valued at $384,000. Epoch Investment Partners Inc. acquired a new position in shares of Janus International Group in the 1st quarter valued at $18,954,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Janus International Group by 13.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,278 shares of the company’s stock worth $368,000 after purchasing an additional 2,799 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Janus International Group Stock Performance

Shares of JBI opened at $7.41 on Friday. The firm has a market cap of $1.05 billion, a P/E ratio of 10.29 and a beta of 0.92. Janus International Group, Inc. has a twelve month low of $6.68 and a twelve month high of $15.86. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. The firm’s 50 day moving average price is $9.00 and its two-hundred day moving average price is $11.37.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. UBS Group dropped their price objective on Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Jefferies Financial Group cut Janus International Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $12.00 to $7.50 in a research note on Monday, November 4th. KeyCorp reduced their price objective on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Wolfe Research downgraded shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Finally, Benchmark reduced their price target 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.25.

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.