New York State Common Retirement Fund Purchases 111,662 Shares of Janus International Group, Inc. (NYSE:JBI)

New York State Common Retirement Fund increased its holdings in Janus International Group, Inc. (NYSE:JBI) by 51.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 329,026 shares of the company’s stock after acquiring an additional 111,662 shares during the period. New York State Common Retirement Fund’s holdings in Janus International Group were worth $4,294,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Parkside Financial Bank & Trust grew its stake in Janus International Group by 67.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 4,326 shares of the company’s stock valued at $46,000 after purchasing an additional 1,745 shares during the period. McGlone Suttner Wealth Management Inc. bought a new position in Janus International Group during the fourth quarter valued at about $52,000. PEAK6 Investments LLC purchased a new stake in Janus International Group during the third quarter worth about $119,000. M&T Bank Corp bought a new stake in Janus International Group in the third quarter worth about $142,000. Finally, Quadrature Capital Ltd purchased a new position in Janus International Group in the third quarter valued at about $145,000. 88.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on JBI shares. Jefferies Financial Group initiated coverage on shares of Janus International Group in a research note on Monday, April 15th. They set a “buy” rating and a $20.00 price target for the company. Benchmark decreased their target price on Janus International Group from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, March 1st. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Janus International Group currently has a consensus rating of “Moderate Buy” and an average target price of $16.30.

Janus International Group Price Performance

JBI opened at $13.78 on Monday. The firm has a 50-day moving average price of $14.68 and a 200-day moving average price of $13.14. Janus International Group, Inc. has a twelve month low of $8.66 and a twelve month high of $15.86. 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 capitalization of $2.02 billion, a price-to-earnings ratio of 14.98 and a beta of 0.95.

Janus International Group (NYSE:JBI) last released its quarterly earnings data on Wednesday, February 28th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). Janus International Group had a return on equity of 30.00% and a net margin of 12.73%. The business had revenue of $263.70 million during the quarter, compared to the consensus estimate of $284.01 million. During the same period last year, the business posted $0.22 earnings per share. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. Equities analysts expect that Janus International Group, Inc. will post 1 EPS for the current year.

Insider Activity

In other Janus International Group news, CEO Ramey Pierce Jackson sold 100,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $15.26, for a total value of $1,526,000.00. Following the completion of the transaction, the chief executive officer now owns 564,510 shares in the company, valued at approximately $8,614,422.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Norman V. Nettie sold 90,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $15.27, for a total transaction of $1,374,300.00. Following the completion of the transaction, the vice president now directly owns 285,786 shares in the company, valued at approximately $4,363,952.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ramey Pierce Jackson sold 100,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $15.26, for a total transaction of $1,526,000.00. Following the completion of the transaction, the chief executive officer now directly owns 564,510 shares in the company, valued at approximately $8,614,422.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 340,000 shares of company stock worth $5,189,300. 42.90% of the stock is owned by corporate insiders.

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.