Janus International Group (NYSE:JBI) Trading 4.2% Higher

Janus International Group, Inc. (NYSE:JBI) traded up 4.2% during trading on Tuesday . The company traded as high as $14.98 and last traded at $14.95. 828,125 shares traded hands during trading, a decline of 42% from the average session volume of 1,421,744 shares. The stock had previously closed at $14.35.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. TheStreet raised Janus International Group from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. Jefferies Financial Group assumed coverage on Janus International Group in a report on Monday. They set a “buy” rating and a $20.00 price objective on the stock. Finally, Benchmark lowered their price objective on Janus International Group from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.30.

Janus International Group Stock Performance

The firm has a 50 day moving average of $14.80 and a two-hundred day moving average of $12.73. The stock has a market cap of $2.19 billion, a P/E ratio of 15.73 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 announced its earnings results on Wednesday, February 28th. The company reported $0.24 earnings per share 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 for the quarter, compared to the consensus estimate of $284.01 million. During the same quarter in the previous year, the company earned $0.22 EPS. Janus International Group’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, research analysts predict that Janus International Group, Inc. will post 1.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other Janus International Group news, CEO Ramey Pierce Jackson sold 77,774 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $13.50, for a total value of $1,049,949.00. Following the completion of the sale, the chief executive officer now owns 664,510 shares in the company, valued at approximately $8,970,885. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Janus International Group news, CEO Ramey Pierce Jackson sold 77,774 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $13.50, for a total value of $1,049,949.00. Following the completion of the sale, the chief executive officer now owns 664,510 shares in the company, valued at approximately $8,970,885. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Morgan Hodges sold 150,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $15.26, for a total value of $2,289,000.00. Following the completion of the transaction, the executive vice president now directly owns 203,865 shares of the company’s stock, valued at $3,110,979.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 417,774 shares of company stock worth $6,239,249. 42.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Janus International Group

Hedge funds have recently modified their holdings of the stock. PEAK6 Investments LLC acquired a new position in shares of Janus International Group in the 3rd quarter worth approximately $119,000. Wellington Management Group LLP acquired a new stake in Janus International Group during the 3rd quarter valued at $26,096,000. Legato Capital Management LLC increased its holdings in Janus International Group by 54.9% during the 4th quarter. Legato Capital Management LLC now owns 304,484 shares of the company’s stock valued at $3,974,000 after purchasing an additional 107,935 shares in the last quarter. DAVENPORT & Co LLC increased its holdings in Janus International Group by 8.8% during the 4th quarter. DAVENPORT & Co LLC now owns 2,901,725 shares of the company’s stock valued at $38,012,000 after purchasing an additional 233,654 shares in the last quarter. Finally, Graham Capital Management L.P. increased its holdings in Janus International Group by 405.9% during the 3rd quarter. Graham Capital Management L.P. now owns 110,600 shares of the company’s stock valued at $1,183,000 after purchasing an additional 88,739 shares in the last quarter. 88.78% of the stock is owned by institutional investors and hedge funds.

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.