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

Janus International Group, Inc. (NYSE:JBI) shares reached a new 52-week low during trading on Friday . The stock traded as low as $4.25 and last traded at $4.2650, with a volume of 1248249 shares changing hands. The stock had previously closed at $4.43.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. UBS Group lowered their target price on Janus International Group from $6.00 to $5.60 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $7.30.

Janus International Group Stock Performance

The company has a market capitalization of $584.63 million, a price-to-earnings ratio of 17.81 and a beta of 1.45. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.50 and a current ratio of 2.94. The stock’s 50-day moving average price is $5.10 and its 200-day moving average price is $5.24.

Janus International Group (NYSE:JBI) last released its quarterly earnings results on Tuesday, August 11th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. Janus International Group had a net margin of 3.68% and a return on equity of 11.27%. The business had revenue of $233.50 million for the quarter, compared to analyst estimates of $238.78 million. During the same period in the prior year, the business earned $0.20 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts expect that Janus International Group, Inc. will post 0.5 earnings per share for the current year.

Institutional Trading of Janus International Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. ProShare Advisors LLC raised its holdings in shares of Janus International Group by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 24,793 shares of the company’s stock valued at $162,000 after buying an additional 1,597 shares in the last quarter. State of Wyoming raised its stake in shares of Janus International Group by 2.4% during the fourth quarter. State of Wyoming now owns 100,379 shares of the company’s stock valued at $656,000 after acquiring an additional 2,339 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in Janus International Group by 130.0% in the 4th quarter. Clearstead Advisors LLC now owns 5,338 shares of the company’s stock worth $35,000 after buying an additional 3,017 shares during the period. Allworth Financial LP lifted its stake in Janus International Group by 982.2% in the second quarter. Allworth Financial LP now owns 4,621 shares of the company’s stock worth $26,000 after acquiring an additional 4,194 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Janus International Group during the 2nd quarter valued at about $62,000. 88.78% of the stock is owned by hedge funds and other institutional investors.

About Janus International Group

Janus International Group, Inc (NYSE:JBI) is a manufacturer and provider of building products and services for the self-storage and commercial and industrial sectors. The company serves facility owners, operators, developers and contractors with products designed for new construction, facility expansion, repair, remodeling and retrofitting.

Its product portfolio includes roll-up doors, hallway systems, self-storage building components, commercial and industrial doors, relocatable storage units, access-control systems and facility automation technologies.