Janney Montgomery Scott LLC Makes New $355,000 Investment in Janus International Group, Inc. (NYSE:JBI)

Janney Montgomery Scott LLC bought a new stake in shares of Janus International Group, Inc. (NYSE:JBI) in the first quarter, Holdings Channel reports. The firm bought 49,259 shares of the company’s stock, valued at approximately $355,000.

Several other institutional investors and hedge funds have also modified their holdings of JBI. FMR LLC raised its holdings in shares of Janus International Group by 74.9% during the fourth quarter. FMR LLC now owns 14,544,033 shares of the company’s stock worth $106,899,000 after acquiring an additional 6,227,738 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Janus International Group by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 13,504,970 shares of the company’s stock worth $99,262,000 after purchasing an additional 43,135 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Janus International Group by 31.0% during the 4th quarter. JPMorgan Chase & Co. now owns 9,332,406 shares of the company’s stock worth $68,593,000 after purchasing an additional 2,207,140 shares in the last quarter. Cooke & Bieler LP lifted its holdings in shares of Janus International Group by 25.9% during the 4th quarter. Cooke & Bieler LP now owns 7,549,000 shares of the company’s stock valued at $55,485,000 after buying an additional 1,551,545 shares during the last quarter. Finally, Senvest Management LLC grew its stake in shares of Janus International Group by 47.0% in the 4th quarter. Senvest Management LLC now owns 5,671,431 shares of the company’s stock valued at $41,685,000 after buying an additional 1,812,602 shares in the last quarter. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Janus International Group Price Performance

NYSE JBI opened at $8.99 on Friday. Janus International Group, Inc. has a fifty-two week low of $5.99 and a fifty-two week high of $15.24. The stock’s 50-day moving average is $8.11 and its two-hundred day moving average is $7.76. The firm has a market cap of $1.26 billion, a P/E ratio of 25.69 and a beta of 1.24. The company has a debt-to-equity ratio of 1.03, a current ratio of 2.59 and a quick ratio of 2.21.

Janus International Group (NYSE:JBI) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. The business had revenue of $210.50 million for the quarter, compared to the consensus estimate of $200.73 million. Janus International Group had a return on equity of 13.38% and a net margin of 5.49%. The firm’s revenue was down 17.3% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. On average, analysts anticipate that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Janus International Group announced that its board has initiated a stock buyback program on Thursday, May 15th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to repurchase up to 6.2% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Separately, KeyCorp boosted their target price on shares of Janus International Group from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Janus International Group presently has a consensus rating of “Hold” and a consensus target price of $10.00.

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.