Janus International Group, Inc. (NYSE:JBI) Shares Purchased by Royce & Associates LP

Royce & Associates LP increased its holdings in shares of Janus International Group, Inc. (NYSE:JBI) by 21.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,224,593 shares of the company’s stock after acquiring an additional 216,382 shares during the quarter. Royce & Associates LP owned approximately 0.84% of Janus International Group worth $12,381,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JBI. Victory Capital Management Inc. increased its stake in shares of Janus International Group by 4.0% in the third quarter. Victory Capital Management Inc. now owns 1,392,822 shares of the company’s stock valued at $14,081,000 after purchasing an additional 53,535 shares during the period. Atria Investments Inc increased its stake in shares of Janus International Group by 13.4% in the third quarter. Atria Investments Inc now owns 13,889 shares of the company’s stock valued at $140,000 after purchasing an additional 1,643 shares during the period. Verdence Capital Advisors LLC acquired a new stake in shares of Janus International Group in the third quarter valued at approximately $249,000. Principal Financial Group Inc. increased its stake in shares of Janus International Group by 854.2% in the third 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 during the period. Finally, River Road Asset Management LLC acquired a new stake in shares of Janus International Group in the third quarter valued at approximately $8,256,000. Institutional investors and hedge funds own 88.78% of the company’s stock.

Janus International Group Trading Down 1.4 %

Shares of JBI stock opened at $7.17 on Friday. Janus International Group, Inc. has a 12-month low of $6.68 and a 12-month high of $15.86. The company has a market capitalization of $1.01 billion, a P/E ratio of 9.96 and a beta of 0.92. The firm has a 50-day moving average price of $9.27 and a 200 day moving average price of $11.58. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11.

Janus International Group (NYSE:JBI) last announced its earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The company had revenue of $230.10 million during the quarter, compared to the consensus estimate 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 period in the prior year, the firm posted $0.27 earnings per share. Research analysts forecast that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.