Shares of Janus International Group, Inc. (NYSE:JBI – Get Free Report) traded down 5.3% on Tuesday after Jefferies Financial Group lowered their price target on the stock from $15.00 to $12.00. Jefferies Financial Group currently has a buy rating on the stock. Janus International Group traded as low as $9.73 and last traded at $9.73. 128,770 shares traded hands during trading, a decline of 93% from the average session volume of 1,899,757 shares. The stock had previously closed at $10.27.
Other equities research analysts also recently issued research reports about the company. Wolfe Research downgraded Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. UBS Group cut their target price on Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. KeyCorp decreased their price target on Janus International Group from $17.00 to $15.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, Benchmark lowered their price target on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $13.25.
Insider Buying and Selling
In other Janus International Group news, insider Peter Frayser sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $15.00, for a total value of $225,000.00. Following the sale, the insider now owns 217,805 shares of the company’s stock, valued at approximately $3,267,075. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.94% of the stock is owned by company insiders.
Hedge Funds Weigh In On Janus International Group
A number of institutional investors have recently made changes to their positions in the stock. Epoch Investment Partners Inc. bought a new stake in Janus International Group in the 1st quarter worth approximately $18,954,000. First Eagle Investment Management LLC grew its holdings in shares of Janus International Group by 18.6% during the 1st quarter. First Eagle Investment Management LLC now owns 739,066 shares of the company’s stock valued at $11,182,000 after purchasing an additional 115,700 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Janus International Group by 56.7% during the 4th quarter. Victory Capital Management Inc. now owns 723,315 shares of the company’s stock valued at $9,439,000 after purchasing an additional 261,808 shares during the last quarter. Trexquant Investment LP raised its position in Janus International Group by 354.4% in the 4th quarter. Trexquant Investment LP now owns 336,501 shares of the company’s stock worth $4,391,000 after purchasing an additional 262,448 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Janus International Group by 27.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,734,570 shares of the company’s stock valued at $22,637,000 after buying an additional 378,478 shares during the period. Institutional investors own 88.78% of the company’s stock.
Janus International Group Trading Down 5.3 %
The firm has a market capitalization of $1.42 billion, a PE ratio of 10.24 and a beta of 0.89. The firm’s 50-day simple moving average is $12.06 and its 200-day simple moving average is $13.42. The company has a quick ratio of 2.47, a current ratio of 2.82 and a debt-to-equity ratio of 1.05.
Janus International Group (NYSE:JBI – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.07). Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. The company had revenue of $248.40 million for the quarter, compared to the consensus estimate of $287.42 million. Equities analysts expect that Janus International Group, Inc. will post 0.86 earnings per share for the current year.
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.