Janus International Group, Inc. (NYSE:JBI) is Bernzott Capital Advisors' 6th Largest Position

Bernzott Capital Advisors grew its stake in Janus International Group, Inc. (NYSE:JBI - Free Report) by 6.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,021,536 shares of the company's stock after purchasing an additional 57,713 shares during the period. Janus International Group makes up approximately 3.6% of Bernzott Capital Advisors' holdings, making the stock its 6th largest holding. Bernzott Capital Advisors owned approximately 0.73% of Janus International Group worth $7,355,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of JBI. Federated Hermes Inc. boosted its stake in shares of Janus International Group by 109.3% in the fourth quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock valued at $35,000 after buying an additional 2,506 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Janus International Group by 42.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock worth $38,000 after purchasing an additional 1,544 shares during the last quarter. Group One Trading LLC grew its stake in shares of Janus International Group by 9,000.0% in the fourth quarter. Group One Trading LLC now owns 9,100 shares of the company's stock worth $67,000 after purchasing an additional 9,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Janus International Group during the first quarter valued at $72,000. Finally, Xponance Inc. bought a new position in shares of Janus International Group during the 4th quarter worth about $74,000. 88.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, KeyCorp increased their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $10.00.

Janus International Group Price Performance

NYSE:JBI traded down $0.05 during trading hours on Monday, hitting $8.67. The stock had a trading volume of 150,431 shares, compared to its average volume of 1,828,319. The company has a 50 day simple moving average of $8.42 and a two-hundred day simple moving average of $7.86. 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, Inc. has a one year low of $5.99 and a one year high of $15.24. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 24.79 and a beta of 1.24.

Janus International Group (NYSE:JBI - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. Janus International Group had a net margin of 5.49% and a return on equity of 13.38%. The company had revenue of $210.50 million for the quarter, compared to analysts' expectations of $200.73 million. During the same quarter last year, the company earned $0.21 EPS. The firm's revenue was down 17.3% compared to the same quarter last year. Research analysts forecast that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Janus International Group declared that its Board of Directors has authorized a share buyback plan on Thursday, May 15th that authorizes the company to buyback $75.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 6.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Janus International Group 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.