Janney Montgomery Scott LLC Makes New 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 - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 49,259 shares of the company's stock, valued at approximately $355,000.

Several other hedge funds have also modified their holdings of the stock. FMR LLC raised its holdings in shares of Janus International Group by 74.9% during the 4th quarter. FMR LLC now owns 14,544,033 shares of the company's stock valued at $106,899,000 after buying an additional 6,227,738 shares during the period. Vanguard Group Inc. increased its holdings in 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 during the last quarter. JPMorgan Chase & Co. increased its holdings in 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 during the last quarter. Cooke & Bieler LP increased its holdings in Janus International Group by 25.9% during the 4th quarter. Cooke & Bieler LP now owns 7,549,000 shares of the company's stock worth $55,485,000 after purchasing an additional 1,551,545 shares during the last quarter. Finally, Senvest Management LLC increased its holdings in Janus International Group by 47.0% during the 4th quarter. Senvest Management LLC now owns 5,671,431 shares of the company's stock worth $41,685,000 after purchasing an additional 1,812,602 shares during the last quarter. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, KeyCorp lifted their price objective on Janus International Group from $9.00 to $10.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Janus International Group currently has a consensus rating of "Hold" and a consensus price target of $10.00.

Janus International Group Stock Performance

Shares of NYSE JBI traded up $0.12 during trading on Tuesday, reaching $8.92. The stock had a trading volume of 874,689 shares, compared to its average volume of 1,874,725. Janus International Group, Inc. has a one year low of $5.99 and a one year high of $15.24. The stock has a market cap of $1.25 billion, a PE ratio of 25.49 and a beta of 1.24. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.21 and a current ratio of 2.59. The firm's 50 day moving average price is $8.18 and its two-hundred day moving average price is $7.78.

Janus International Group (NYSE:JBI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.08 by $0.05. Janus International Group had a return on equity of 13.38% and a net margin of 5.49%. The business had revenue of $210.50 million during the quarter, compared to analyst estimates of $200.73 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The business's revenue for the quarter was down 17.3% compared to the same quarter last year. On average, 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 has initiated a share buyback plan on Thursday, May 15th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to reacquire up to 6.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

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.