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

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Jefferies Financial Group assumed coverage on Janus International Group in a research report on Monday. They set a “buy” rating and a $20.00 price target on the stock. Benchmark decreased 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. Finally, TheStreet raised shares of Janus International Group from a “c+” rating to a “b-” rating in a report on Thursday, January 4th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.30.

Janus International Group Trading Up 0.2 %

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

Janus International Group (NYSE:JBI) last released its 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 return on equity of 30.00% and a net margin of 12.73%. The firm had revenue of $263.70 million during the quarter, compared to analyst estimates of $284.01 million. During the same quarter last year, the business posted $0.22 EPS. The firm’s revenue was down 5.7% on a year-over-year basis. As a group, equities research analysts anticipate that Janus International Group, Inc. will post 1.02 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Norman V. Nettie sold 90,000 shares of Janus International Group stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $15.27, for a total value of $1,374,300.00. Following the sale, the vice president now directly owns 285,786 shares in the company, valued at $4,363,952.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Janus International Group news, VP Norman V. Nettie sold 90,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.27, for a total value of $1,374,300.00. Following the completion of the sale, the vice president now owns 285,786 shares of the company’s stock, valued at $4,363,952.22. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Morgan Hodges sold 150,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.26, for a total transaction of $2,289,000.00. Following the transaction, the executive vice president now directly owns 203,865 shares in the company, valued at $3,110,979.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,000 shares of company stock worth $5,189,300. Company insiders own 42.90% of the company’s stock.

Institutional Trading of Janus International Group

Several institutional investors have recently made changes to their positions in the stock. Raymond James & Associates grew its position in Janus International Group by 25.2% during the first quarter. Raymond James & Associates now owns 357,854 shares of the company’s stock valued at $3,221,000 after acquiring an additional 72,059 shares during the period. Bank of New York Mellon Corp increased its position in Janus International Group by 5.2% during 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 in the last quarter. Citigroup Inc. raised its holdings in Janus International Group by 1,938.2% in the first quarter. Citigroup Inc. now owns 26,007 shares of the company’s stock valued at $234,000 after buying an additional 24,731 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Janus International Group in the first quarter valued at approximately $119,000. Finally, Raymond James Trust N.A. acquired a new position in Janus International Group during the first quarter valued at approximately $96,000. 88.78% of the stock is owned by hedge funds and other institutional investors.

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.