Janus International Group (NYSE:JBI) Reaches New 12-Month Low – What’s Next?

Shares of Janus International Group, Inc. (NYSE:JBI) reached a new 52-week low on Monday . The company traded as low as $4.92 and last traded at $4.9550, with a volume of 962183 shares trading hands. The stock had previously closed at $5.00.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on JBI shares. KeyCorp dropped their price objective on Janus International Group from $12.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of Janus International Group in a research note on Friday. Wall Street Zen downgraded shares of Janus International Group from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Zacks Research raised shares of Janus International Group to a “hold” rating in a research report on Monday, December 15th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.17.

Janus International Group Stock Down 1.8%

The stock has a market cap of $701.94 million, a P/E ratio of 12.96 and a beta of 1.47. The firm has a 50 day simple moving average of $6.38 and a 200-day simple moving average of $7.38. The company has a quick ratio of 3.04, a current ratio of 3.54 and a debt-to-equity ratio of 0.94.

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

Hedge Funds Weigh In On Janus International Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cooke & Bieler LP raised its position in shares of Janus International Group by 12.7% in the fourth quarter. Cooke & Bieler LP now owns 7,746,357 shares of the company’s stock valued at $50,661,000 after purchasing an additional 874,131 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Janus International Group by 1.6% during the 4th quarter. JPMorgan Chase & Co. now owns 5,861,752 shares of the company’s stock worth $38,336,000 after buying an additional 92,804 shares during the period. Wasatch Advisors LP grew its stake 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 last quarter. River Road Asset Management LLC raised its holdings in Janus International Group by 2.1% in the 4th quarter. River Road Asset Management LLC now owns 4,567,960 shares of the company’s stock valued at $29,874,000 after acquiring an additional 95,032 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Janus International Group by 10.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,103,573 shares of the company’s stock valued at $33,402,000 after acquiring an additional 381,462 shares during the period. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Janus International Group Company Profile

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.