Janus International Group (NYSE:JBI) Price Target Lowered to $12.00 at UBS Group

Janus International Group (NYSE:JBI) had its price objective reduced by UBS Group from $14.50 to $12.00 in a report released on Thursday, MarketBeat reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on JBI. Benchmark reaffirmed a buy rating and issued a $21.00 target price on shares of Janus International Group in a report on Tuesday, May 14th. Jefferies Financial Group initiated coverage on shares of Janus International Group in a research report on Monday, April 15th. They issued a buy rating and a $20.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $14.50.

Janus International Group Stock Down 0.4 %

NYSE JBI traded down $0.04 on Thursday, reaching $10.47. The company had a trading volume of 3,587,396 shares, compared to its average volume of 1,878,122. The company’s fifty day moving average is $13.09 and its 200-day moving average is $14.05. Janus International Group has a 1-year low of $9.16 and a 1-year high of $15.86. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 11.02 and a beta of 0.91. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.63 and a current ratio of 2.95.

Janus International Group (NYSE:JBI) last released its earnings results on Wednesday, August 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.07). The firm had revenue of $248.40 million during the quarter, compared to the consensus estimate of $287.42 million. Janus International Group had a net margin of 13.14% and a return on equity of 28.95%. On average, research analysts forecast that Janus International Group will post 1.03 earnings per share for the current fiscal year.

Insider Activity at Janus International Group

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 stock was sold at an average price of $15.00, for a total value of $225,000.00. Following the completion of the transaction, the insider now owns 217,805 shares in the company, valued at approximately $3,267,075. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.94% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Janus International Group

A number of large investors have recently made changes to their positions in JBI. Epoch Investment Partners Inc. purchased a new stake in Janus International Group during the first quarter valued at $18,954,000. First Eagle Investment Management LLC boosted its position in 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 valued at $11,182,000 after purchasing an additional 115,700 shares in the last quarter. Victory Capital Management Inc. increased 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 raised its position in shares of 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 purchasing an additional 262,448 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted 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 worth $22,637,000 after purchasing an additional 378,478 shares in the last quarter. 88.78% of the stock is currently owned by 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.