Janus International Group (NYSE:JBI) Sees Strong Trading Volume – Should You Buy?

Janus International Group, Inc. (NYSE:JBI) saw unusually-high trading volume on Monday . Approximately 3,364,529 shares were traded during trading, an increase of 170% from the previous session’s volume of 1,248,014 shares.The stock last traded at $5.16 and had previously closed at $5.29.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Janus International Group in a research note on Monday, December 29th. Wall Street Zen raised Janus International Group from a “hold” rating to a “buy” rating in a research report on Monday, March 2nd. Zacks Research upgraded Janus International Group to a “hold” rating in a report on Monday, December 15th. Finally, KeyCorp reduced their price objective on shares of Janus International Group from $12.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $9.17.

Janus International Group Stock Down 0.3%

The stock has a market cap of $772.53 million, a PE ratio of 14.27 and a beta of 1.47. The business has a fifty day moving average of $6.86 and a 200-day moving average of $7.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.54 and a quick ratio of 3.04.

Janus International Group (NYSE:JBI) last released its quarterly earnings data on Wednesday, March 4th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.04). Janus International Group had a return on equity of 15.26% and a net margin of 6.08%.The firm had revenue of $226.30 million for the quarter, compared to analysts’ expectations of $217.45 million. During the same quarter in the previous year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Equities research analysts anticipate that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Institutional Trading of Janus International Group

Several hedge funds have recently modified their holdings of the company. Clearstead Advisors LLC grew its position in shares of Janus International Group by 130.0% in the 4th quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock worth $35,000 after buying an additional 3,017 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Janus International Group by 1,978.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company’s stock valued at $35,000 after acquiring an additional 5,105 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Janus International Group by 771.0% in 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 in the last quarter. State of Alaska Department of Revenue acquired a new stake in Janus International Group in the third quarter valued at approximately $70,000. Finally, Sanctuary Advisors LLC purchased a new position in Janus International Group in the fourth quarter worth $71,000. 88.78% of the stock is owned by hedge funds and other institutional investors.

About Janus International Group

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.