Janus International Group (NYSE:JBI) Shares Gap Down to $13.28

Janus International Group, Inc. (NYSE:JBI)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $13.28, but opened at $10.75. Janus International Group shares last traded at $10.18, with a volume of 1,508,551 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JBI. Jefferies Financial Group assumed coverage on Janus International Group in a research note on Monday, April 15th. They issued a “buy” rating and a $20.00 target price for the company. Benchmark reaffirmed a “buy” rating and set a $21.00 target price on shares of Janus International Group in a report on Tuesday, May 14th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.88.

Janus International Group Price Performance

The company has a quick ratio of 2.63, a current ratio of 2.95 and a debt-to-equity ratio of 1.13. The company’s 50-day simple moving average is $13.29 and its 200 day simple moving average is $14.12. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 13.98 and a beta of 0.91.

Janus International Group (NYSE:JBI) last released its earnings results on Thursday, May 9th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $254.50 million during the quarter, compared to analysts’ expectations of $252.90 million. Janus International Group had a net margin of 13.14% and a return on equity of 28.95%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.18 earnings per share. Equities research analysts forecast that Janus International Group, Inc. will post 1.03 EPS for the current year.

Insiders Place Their Bets

In other news, insider Peter Frayser sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the completion of the sale, the insider now owns 217,805 shares of the company’s stock, valued at $3,267,075. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 3.94% of the company’s stock.

Institutional Trading of Janus International Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Epoch Investment Partners Inc. acquired a new stake in shares of Janus International Group in the first quarter valued at approximately $18,954,000. First Eagle Investment Management LLC boosted its position in shares of Janus International Group by 18.6% during the first quarter. First Eagle Investment Management LLC now owns 739,066 shares of the company’s stock worth $11,182,000 after purchasing an additional 115,700 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Janus International Group by 56.7% during the fourth quarter. Victory Capital Management Inc. now owns 723,315 shares of the company’s stock worth $9,439,000 after purchasing an additional 261,808 shares in the last quarter. Trexquant Investment LP lifted 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 valued at $4,391,000 after acquiring an additional 262,448 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Janus International Group by 27.9% in the 4th 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 last quarter. Institutional investors and hedge funds own 88.78% of the company’s stock.

About Janus International Group

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.