MW Advisory LLC Makes New Investment in Janus International Group, Inc. $JBI

MW Advisory LLC acquired a new stake in Janus International Group, Inc. (NYSE:JBI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,183,549 shares of the company’s stock, valued at approximately $12,119,000. Janus International Group comprises about 4.8% of MW Advisory LLC’s investment portfolio, making the stock its 3rd biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Clearstead Advisors LLC raised its stake in shares of Janus International Group by 130.0% during the fourth quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock valued at $35,000 after purchasing an additional 3,017 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings 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 worth $35,000 after buying an additional 5,105 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Janus International Group by 771.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock worth $59,000 after acquiring an additional 6,399 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Janus International Group in the 2nd quarter worth about $70,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Janus International Group in the fourth quarter worth approximately $71,000. Institutional investors own 88.78% of the company’s stock.

Analysts Set New Price Targets

JBI has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a report on Wednesday, June 24th. UBS Group reduced their target price on Janus International Group from $6.00 to $5.60 and set a “neutral” rating for the company in a research report on Wednesday, August 12th. Finally, Wall Street Zen lowered Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Janus International Group currently has a consensus rating of “Hold” and a consensus target price of $7.30.

Janus International Group Stock Up 1.6%

NYSE JBI opened at $5.09 on Friday. The stock has a market capitalization of $694.48 million, a P/E ratio of 21.21 and a beta of 1.45. Janus International Group, Inc. has a 52 week low of $4.26 and a 52 week high of $10.80. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.50 and a current ratio of 2.94. The stock has a fifty day moving average of $5.23 and a 200-day moving average of $5.41.

Janus International Group (NYSE:JBI) last released its earnings results on Tuesday, August 11th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Janus International Group had a net margin of 3.68% and a return on equity of 11.27%. The company had revenue of $233.50 million for the quarter, compared to the consensus estimate of $238.78 million. During the same period in the prior year, the company posted $0.20 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts forecast that Janus International Group, Inc. will post 0.5 EPS for the current year.

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.