Janus International Group (NYSE:JBI) Shares Gap Down – Here’s Why

Janus International Group, Inc. (NYSE:JBI) gapped down prior to trading on Monday . The stock had previously closed at $5.21, but opened at $4.92. Janus International Group shares last traded at $5.0950, with a volume of 30,449 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of Janus International Group from a “buy” rating to a “hold” rating in a research report on Saturday. KeyCorp dropped their price target on shares of Janus International Group from $12.00 to $9.00 and set an “overweight” rating on the stock in a research report on Thursday, March 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a research report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Janus International Group presently has a consensus rating of “Hold” and a consensus price target of $9.17.

Janus International Group Trading Down 2.0%

The company has a quick ratio of 3.04, a current ratio of 3.54 and a debt-to-equity ratio of 0.94. The business has a fifty day simple moving average of $5.51 and a 200 day simple moving average of $6.57. The company has a market cap of $708.88 million, a price-to-earnings ratio of 13.09 and a beta of 1.49.

Janus International Group (NYSE:JBI) last issued its earnings results on Wednesday, March 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). The company had revenue of $226.30 million during the quarter, compared to analysts’ expectations of $217.45 million. Janus International Group had a net margin of 6.08% and a return on equity of 15.26%. The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the business posted $0.57 earnings per share. On average, equities analysts anticipate that Janus International Group, Inc. will post 0.65 EPS for the current fiscal year.

Institutional Trading of Janus International Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Hillsdale Investment Management Inc. acquired a new position in shares of Janus International Group in the third quarter worth $6,813,000. Teacher Retirement System of Texas lifted its holdings in shares of Janus International Group by 117.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 779,309 shares of the company’s stock worth $7,692,000 after acquiring an additional 421,205 shares during the period. Anchor Capital Management Company LLC increased its holdings in shares of Janus International Group by 55.4% during the 3rd quarter. Anchor Capital Management Company LLC now owns 554,663 shares of the company’s stock worth $5,475,000 after buying an additional 197,740 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Janus International Group by 60.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 409,282 shares of the company’s stock valued at $2,677,000 after acquiring an additional 153,652 shares in the last quarter. Finally, Strs Ohio purchased a new position in Janus International Group in the third quarter valued at about $745,000. Hedge funds and other institutional investors 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.