Janus International Group (NYSE:JBI) Shares Gap Up – What’s Next?

Janus International Group, Inc. (NYSE:JBI) shares gapped up prior to trading on Monday . The stock had previously closed at $5.25, but opened at $5.57. Janus International Group shares last traded at $5.6150, with a volume of 169,873 shares changing hands.

Analysts Set New Price Targets

Several brokerages have recently commented on JBI. KeyCorp reduced their price objective on shares of Janus International Group from $12.00 to $9.00 and set an “overweight” rating for the company in a research report on Thursday, March 5th. Wall Street Zen lowered shares of Janus International Group from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings restated a “sell (d+)” rating on shares of Janus International Group in a report on Monday, December 29th. Finally, Zacks Research raised shares of Janus International Group to a “hold” rating in a research note on Monday, December 15th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $9.17.

Janus International Group Trading Up 6.6%

The company has a debt-to-equity ratio of 0.94, a current ratio of 3.54 and a quick ratio of 3.04. The firm has a fifty day simple moving average of $6.63 and a 200-day simple moving average of $7.63. The firm has a market cap of $776.92 million, a P/E ratio of 14.37 and a beta of 1.47.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). Janus International Group had a net margin of 6.08% and a return on equity of 15.26%. The business had revenue of $226.30 million for the quarter, compared to the consensus estimate of $217.45 million. During the same quarter last year, the firm posted $0.57 EPS. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities research analysts expect that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Institutional Investors Weigh In On Janus International Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Clearstead Advisors LLC boosted its stake in Janus International Group by 130.0% during the 4th quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock valued at $35,000 after purchasing an additional 3,017 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Janus International Group by 1,978.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company’s stock worth $35,000 after purchasing an additional 5,105 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Janus International Group by 771.0% in the second quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company’s stock valued at $59,000 after purchasing an additional 6,399 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Janus International Group in the third quarter valued at approximately $70,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Janus International Group during the fourth quarter valued at approximately $71,000. Institutional investors and hedge funds 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.