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

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on Janus International Group in a research note on Monday. They set a “buy” rating and a $20.00 price target on the stock. TheStreet raised shares of Janus International Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. Finally, Benchmark dropped 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 research note on Friday, March 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.30.

Janus International Group Stock Up 0.2 %

The company has a market capitalization of $2.19 billion, a price-to-earnings ratio of 16.41 and a beta of 0.94. The firm’s 50 day moving average price is $14.81 and its two-hundred day moving average price is $12.77. The company has a current ratio of 2.66, a quick ratio of 2.38 and a debt-to-equity ratio of 1.17.

Janus International Group (NYSE:JBI) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The company had revenue of $263.70 million for the quarter, compared to the consensus estimate of $284.01 million. Janus International Group had a return on equity of 30.00% and a net margin of 12.73%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period last year, the firm earned $0.22 earnings per share. Sell-side analysts anticipate that Janus International Group, Inc. will post 1.02 earnings per share for the current fiscal year.

Insider Transactions at Janus International Group

In related news, CEO Ramey Pierce Jackson sold 100,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now owns 564,510 shares in the company, valued at approximately $8,614,422.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Ramey Pierce Jackson sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.26, for a total value of $1,526,000.00. Following the sale, the chief executive officer now directly owns 564,510 shares in the company, valued at approximately $8,614,422.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Morgan Hodges sold 150,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.26, for a total value of $2,289,000.00. Following the completion of the sale, the executive vice president now owns 203,865 shares in the company, valued at $3,110,979.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 340,000 shares of company stock worth $5,189,300. Company insiders own 42.90% of the company’s stock.

Hedge Funds Weigh In On Janus International Group

A number of hedge funds have recently bought and sold shares of JBI. Raymond James & Associates lifted its stake in Janus International Group by 25.2% in the first quarter. Raymond James & Associates now owns 357,854 shares of the company’s stock valued at $3,221,000 after buying an additional 72,059 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Janus International Group by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 48,683 shares of the company’s stock worth $438,000 after purchasing an additional 2,392 shares during the period. Citigroup Inc. grew its holdings in Janus International Group by 1,938.2% during the first quarter. Citigroup Inc. now owns 26,007 shares of the company’s stock valued at $234,000 after purchasing an additional 24,731 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Janus International Group in the first quarter worth $119,000. Finally, Raymond James Trust N.A. purchased a new position in shares of Janus International Group during the 1st quarter valued at $96,000. 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.