Janus International Group (NYSE:JBI) Shares Up 5.6% – Here’s Why

Janus International Group, Inc. (NYSE:JBI) was up 5.6% on Monday . The stock traded as high as $8.23 and last traded at $8.31. Approximately 114,120 shares were traded during trading, a decline of 94% from the average daily volume of 1,793,673 shares. The stock had previously closed at $7.87.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on JBI shares. UBS Group lowered their target price on Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. KeyCorp reduced their target price on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group downgraded Janus International Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $12.00 to $7.50 in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $10.25.

Janus International Group Stock Performance

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 has a market capitalization of $1.16 billion, a price-to-earnings ratio of 11.45 and a beta of 0.91. The firm’s 50-day moving average price is $7.48 and its two-hundred day moving average price is $9.48.

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

Institutional Trading of Janus International Group

Several institutional investors and hedge funds have recently made changes to their positions in JBI. Principal Financial Group Inc. lifted its holdings in shares of Janus International Group by 854.2% during the 3rd quarter. Principal Financial Group Inc. now owns 182,876 shares of the company’s stock valued at $1,849,000 after purchasing an additional 163,711 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of Janus International Group by 21.5% in the third quarter. Royce & Associates LP now owns 1,224,593 shares of the company’s stock valued at $12,381,000 after buying an additional 216,382 shares during the period. River Road Asset Management LLC acquired a new stake in shares of Janus International Group during the third quarter worth $8,256,000. Bernzott Capital Advisors lifted its position in Janus International Group by 32.7% in the 3rd quarter. Bernzott Capital Advisors now owns 693,343 shares of the company’s stock valued at $7,010,000 after acquiring an additional 171,038 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Janus International Group by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 7,125,266 shares of the company’s stock worth $72,036,000 after buying an additional 435,721 shares during the period. Institutional investors own 88.78% of the company’s stock.

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.