Janus International Group (NYSE:JBI) Research Coverage Started at Jefferies Financial Group

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

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

Janus International Group Stock Up 0.3 %

Janus International Group stock opened at $14.95 on Monday. Janus International Group has a 1-year low of $8.66 and a 1-year high of $15.86. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 16.25 and a beta of 0.94. The company has a current ratio of 2.66, a quick ratio of 2.38 and a debt-to-equity ratio of 1.17. The firm has a 50 day simple moving average of $14.81 and a 200 day simple moving average of $12.79.

Janus International Group (NYSE:JBI) last announced 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 firm had revenue of $263.70 million during the quarter, compared to the consensus estimate of $284.01 million. During the same period in the previous year, the business earned $0.22 earnings per share. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, analysts predict that Janus International Group will post 1.02 earnings per share for the current year.

Insider Activity

In other news, CEO Ramey Pierce Jackson sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.26, for a total transaction of $1,526,000.00. Following the completion of the transaction, the chief executive officer now directly owns 564,510 shares of the company’s stock, valued at $8,614,422.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, VP Norman V. Nettie sold 90,000 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 285,786 shares in the company, valued at $4,363,952.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ramey Pierce Jackson sold 100,000 shares of the company’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 $1,526,000.00. Following the completion of the sale, the chief executive officer now owns 564,510 shares in the company, valued at approximately $8,614,422.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 340,000 shares of company stock valued at $5,189,300. Insiders own 42.90% of the company’s stock.

Institutional Investors Weigh In On Janus International Group

A number of hedge funds and other institutional investors have recently bought and sold shares of JBI. Vaughan Nelson Investment Management L.P. purchased a new stake in Janus International Group in the third quarter worth about $36,243,000. Vanguard Group Inc. grew its holdings in shares of Janus International Group by 26.8% during the fourth quarter. Vanguard Group Inc. now owns 11,636,534 shares of the company’s stock valued at $151,857,000 after buying an additional 2,458,953 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Janus International Group during the third quarter valued at approximately $26,096,000. Morgan Stanley grew its holdings in shares of Janus International Group by 259.3% during the third quarter. Morgan Stanley now owns 2,973,061 shares of the company’s stock valued at $31,812,000 after buying an additional 2,145,713 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Janus International Group by 59.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,460,759 shares of the company’s stock valued at $71,263,000 after buying an additional 2,027,286 shares during the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

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.