Janus International Group (NYSE:JBI) Receives New Coverage from Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Janus International Group (NYSE:JBI) in a research note released on Monday morning, MarketBeat.com reports. The firm issued a buy rating and a $20.00 price target on the stock.

Several other equities research analysts also recently weighed in on JBI. TheStreet upgraded Janus International Group from a c+ rating to a b- rating in a report on Thursday, January 4th. Benchmark cut their target price on shares of Janus International Group from $22.00 to $21.00 and set a buy rating on the stock in a research note on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Janus International Group presently has an average rating of Moderate Buy and a consensus target price of $16.30.

Janus International Group Trading Up 2.0 %

Shares of JBI stock opened at $14.37 on Monday. Janus International Group has a fifty-two week low of $8.66 and a fifty-two week high of $15.86. The company has a 50 day moving average price of $14.80 and a 200 day moving average price of $12.73. The stock has a market capitalization of $2.11 billion, a P/E ratio of 15.62 and a beta of 0.94. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.38 and a current ratio of 2.66.

Janus International Group (NYSE:JBI) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). Janus International Group had a net margin of 12.73% and a return on equity of 30.00%. The business had revenue of $263.70 million during the quarter, compared to analysts’ expectations of $284.01 million. During the same period in the prior year, the business earned $0.22 EPS. The business’s quarterly revenue was down 5.7% on a year-over-year basis. Equities research analysts predict that Janus International Group will post 1.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Morgan Hodges sold 150,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $15.26, for a total transaction of $2,289,000.00. Following the sale, the executive vice president now owns 203,865 shares of the company’s stock, valued at approximately $3,110,979.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Norman V. Nettie sold 90,000 shares of Janus International Group stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $15.27, for a total transaction of $1,374,300.00. Following the sale, the vice president now directly owns 285,786 shares in the company, valued at approximately $4,363,952.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Morgan Hodges sold 150,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $15.26, for a total transaction of $2,289,000.00. Following the completion of the transaction, the executive vice president now owns 203,865 shares of the company’s stock, valued at approximately $3,110,979.90. The disclosure for this sale can be found here. Insiders sold 417,774 shares of company stock valued at $6,239,249 in the last ninety days. Insiders own 42.90% of the company’s stock.

Institutional Trading of Janus International Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. purchased a new stake in Janus International Group in the third quarter valued at approximately $36,243,000. Vanguard Group Inc. increased its holdings in shares of Janus International Group by 26.8% in the 4th quarter. Vanguard Group Inc. now owns 11,636,534 shares of the company’s stock valued at $151,857,000 after acquiring an additional 2,458,953 shares during the period. Wellington Management Group LLP purchased a new stake in Janus International Group in the 3rd quarter valued at $26,096,000. Morgan Stanley boosted its stake in Janus International Group by 259.3% during the 3rd quarter. Morgan Stanley now owns 2,973,061 shares of the company’s stock worth $31,812,000 after purchasing an additional 2,145,713 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in Janus International Group by 59.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,460,759 shares of the company’s stock worth $71,263,000 after purchasing an additional 2,027,286 shares during the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

About Janus International Group

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.