Janus International Group, Inc. (NYSE:JBI – Get Free Report)’s share price gapped down before the market opened on Monday . The stock had previously closed at $5.21, but opened at $4.92. Janus International Group shares last traded at $5.0950, with a volume of 30,449 shares.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on JBI shares. Wall Street Zen cut Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday. KeyCorp lowered their target price on Janus International Group from $12.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, March 5th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a report on Friday, March 27th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Janus International Group currently has an average rating of “Hold” and an average price target of $9.17.
Check Out Our Latest Stock Analysis on Janus International Group
Janus International Group Trading Down 2.9%
Janus International Group (NYSE:JBI – Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.09). Janus International Group had a return on equity of 15.26% and a net margin of 6.08%.The firm had revenue of $222.70 million for the quarter, compared to analyst estimates of $219.21 million. During the same period in the previous year, the company posted $0.13 EPS. Janus International Group’s revenue was up 5.8% on a year-over-year basis. On average, research analysts anticipate that Janus International Group, Inc. will post 0.65 earnings per share for the current year.
Hedge Funds Weigh In On Janus International Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in JBI. Ophir Asset Management Pty Ltd purchased a new position in Janus International Group in the 4th quarter valued at approximately $22,753,000. Wasatch Advisors LP boosted its position in Janus International Group by 37.5% in the 3rd quarter. Wasatch Advisors LP now owns 5,262,405 shares of the company’s stock valued at $51,940,000 after buying an additional 1,435,777 shares during the period. Cooke & Bieler LP boosted its position in Janus International Group by 12.7% in the 4th quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company’s stock valued at $50,661,000 after buying an additional 874,131 shares during the period. Public Sector Pension Investment Board purchased a new position in Janus International Group in the 4th quarter valued at approximately $4,530,000. Finally, Hillsdale Investment Management Inc. purchased a new position in Janus International Group in the 3rd quarter valued at approximately $6,813,000. Hedge funds and other institutional investors own 88.78% of the company’s stock.
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.
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