Eagle Asset Management Inc. Raises Stock Position in Janus International Group, Inc. (NYSE:JBI)

Eagle Asset Management Inc. boosted its position in Janus International Group, Inc. (NYSE:JBI) by 67.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 290,608 shares of the company’s stock after purchasing an additional 116,590 shares during the period. Eagle Asset Management Inc. owned about 0.21% of Janus International Group worth $2,938,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Janus International Group by 15.6% during the first quarter. Vanguard Group Inc. now owns 13,453,678 shares of the company’s stock valued at $203,554,000 after buying an additional 1,817,144 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Janus International Group by 15.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 6,036,730 shares of the company’s stock worth $76,243,000 after purchasing an additional 788,000 shares in the last quarter. Cooke & Bieler LP raised its holdings in Janus International Group by 33.8% in the 2nd quarter. Cooke & Bieler LP now owns 3,825,764 shares of the company’s stock worth $48,319,000 after purchasing an additional 966,346 shares during the period. Janus Henderson Group PLC lifted its position in Janus International Group by 2.8% during the first quarter. Janus Henderson Group PLC now owns 2,947,508 shares of the company’s stock valued at $44,595,000 after purchasing an additional 80,362 shares in the last quarter. Finally, Boston Partners grew its holdings in Janus International Group by 10.3% during the first quarter. Boston Partners now owns 2,867,586 shares of the company’s stock valued at $43,112,000 after purchasing an additional 267,474 shares during the period. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Janus International Group Stock Up 1.9 %

JBI opened at $7.55 on Tuesday. The company has a market capitalization of $1.07 billion, a PE ratio of 10.49 and a beta of 0.92. The firm has a 50-day simple moving average of $8.95 and a two-hundred day simple moving average of $11.29. The company has a quick ratio of 2.39, a current ratio of 2.80 and a debt-to-equity ratio of 1.11. Janus International Group, Inc. has a 52 week low of $6.68 and a 52 week high of $15.86.

Janus International Group (NYSE:JBI) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The firm had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. During the same period in the previous year, the firm earned $0.27 EPS. The business’s revenue was down 17.9% compared to the same quarter last year. Analysts forecast that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Jefferies Financial Group downgraded shares of Janus International Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $12.00 to $7.50 in a report on Monday, November 4th. UBS Group dropped their target price on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating for the company in a report on Wednesday, October 30th. KeyCorp decreased their price target on Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Wolfe Research lowered Janus International Group from an “outperform” rating to a “peer perform” rating in a research note on Monday, August 12th. Finally, Benchmark decreased their target price on Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.25.

Janus International Group Company Profile

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.