Teacher Retirement System of Texas Boosts Holdings in Janus International Group, Inc. $JBI

Teacher Retirement System of Texas grew its stake in Janus International Group, Inc. (NYSE:JBI) by 117.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 779,309 shares of the company’s stock after purchasing an additional 421,205 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.56% of Janus International Group worth $7,692,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of JBI. AlphaQuest LLC lifted its stake in Janus International Group by 28.4% in the 2nd quarter. AlphaQuest LLC now owns 6,536 shares of the company’s stock valued at $53,000 after buying an additional 1,445 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Janus International Group by 771.0% during the second quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock valued at $59,000 after acquiring an additional 6,399 shares during the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Janus International Group in the third quarter valued at approximately $70,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Janus International Group by 17.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,759 shares of the company’s stock worth $106,000 after acquiring an additional 1,754 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of Janus International Group by 37.3% in the second quarter. BNP Paribas Financial Markets now owns 13,381 shares of the company’s stock worth $109,000 after acquiring an additional 3,637 shares during the last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wall Street Zen downgraded Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Zacks Research upgraded shares of Janus International Group to a “hold” rating in a research report on Monday, December 15th. UBS Group decreased their price target on shares of Janus International Group from $10.00 to $8.50 and set a “neutral” rating on the stock in a research note on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $10.17.

Janus International Group Trading Down 1.9%

Shares of JBI opened at $7.03 on Monday. Janus International Group, Inc. has a 12-month low of $5.72 and a 12-month high of $10.80. The firm has a market capitalization of $975.35 million, a P/E ratio of 20.67 and a beta of 1.44. The firm has a 50-day moving average price of $6.58 and a 200 day moving average price of $8.48. The company has a current ratio of 3.03, a quick ratio of 2.57 and a debt-to-equity ratio of 0.96.

Janus International Group (NYSE:JBI) last posted its earnings results on Thursday, November 6th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.03). The firm had revenue of $219.30 million during the quarter, compared to analyst estimates of $225.72 million. Janus International Group had a net margin of 5.29% and a return on equity of 14.18%. The business’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Sell-side analysts forecast that Janus International Group, Inc. will post 0.54 EPS for the current year.

Janus International Group Profile

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.