Janus International Group (NYSE:JBI) Shares Gap Up to $14.09

Janus International Group, Inc. (NYSE:JBI)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $14.09, but opened at $14.53. Janus International Group shares last traded at $14.55, with a volume of 139,461 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Benchmark dropped their price objective on Janus International Group from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, March 1st. Jefferies Financial Group assumed coverage on Janus International Group in a research note on Monday. They set a “buy” rating and a $20.00 price objective for the company. Finally, TheStreet raised Janus International Group from a “c+” rating to a “b-” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.30.

Janus International Group Stock Performance

The company has a quick ratio of 2.38, a current ratio of 2.66 and a debt-to-equity ratio of 1.17. The company has a market cap of $2.19 billion, a P/E ratio of 16.22 and a beta of 0.94. The business has a fifty day moving average of $14.81 and a 200 day moving average of $12.76.

Janus International Group (NYSE:JBI) last announced its earnings results on Wednesday, February 28th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The business had revenue of $263.70 million for the quarter, compared to the consensus estimate of $284.01 million. Janus International Group had a net margin of 12.73% and a return on equity of 30.00%. Janus International Group’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.22 EPS. On average, equities analysts predict that Janus International Group, Inc. will post 1.02 EPS for the current year.

Insider Activity at Janus International Group

In related news, CEO Ramey Pierce Jackson sold 77,774 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $13.50, for a total transaction of $1,049,949.00. Following the completion of the transaction, the chief executive officer now owns 664,510 shares in the company, valued at $8,970,885. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Janus International Group news, CEO Ramey Pierce Jackson sold 77,774 shares of the stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $13.50, for a total value of $1,049,949.00. Following the completion of the transaction, the chief executive officer now owns 664,510 shares in the company, valued at $8,970,885. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Morgan Hodges sold 150,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.26, for a total value of $2,289,000.00. Following the completion of the transaction, the executive vice president now owns 203,865 shares of the company’s stock, valued at approximately $3,110,979.90. The disclosure for this sale can be found here. Insiders sold a total of 417,774 shares of company stock worth $6,239,249 over the last quarter. 42.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Janus International Group

Institutional investors have recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new position in Janus International Group in the third quarter worth $28,000. Parkside Financial Bank & Trust bought a new position in shares of Janus International Group during the second quarter valued at $28,000. Ensign Peak Advisors Inc bought a new position in shares of Janus International Group during the third quarter valued at $30,000. Tucker Asset Management LLC bought a new position in shares of Janus International Group during the fourth quarter valued at $35,000. Finally, Comerica Bank bought a new position in shares of Janus International Group during the third quarter valued at $35,000. Institutional investors own 88.78% of the company’s stock.

About Janus International Group

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.