Janus International Group, Inc. $JBI Shares Acquired by DAVENPORT & Co LLC

Key Points

• DAVENPORT & Co LLC increased its holdings in Janus International Group by 1.3%, owning approximately 2.28% of the company, valued at $26.1 million as of the latest reporting period.
• Janus International Group reported $0.20 earnings per share for the most recent quarter, exceeding estimates, despite an 8.2% drop in revenue compared to the same period last year.
• Institutional investors and hedge funds currently own 88.78% of Janus International Group's stock, indicating significant investor confidence in the company.

DAVENPORT & Co LLC increased its holdings in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,195,694 shares of the company's stock after acquiring an additional 40,201 shares during the quarter. DAVENPORT & Co LLC owned about 2.28% of Janus International Group worth $26,109,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. AlphaQuest LLC boosted its holdings in shares of Janus International Group by 336.2% during the 1st quarter. AlphaQuest LLC now owns 5,091 shares of the company's stock worth $37,000 after purchasing an additional 3,924 shares during the last quarter. Quarry LP acquired a new stake in shares of Janus International Group in the first quarter valued at approximately $43,000. Wealth Enhancement Advisory Services LLC purchased a new position in Janus International Group during the first quarter worth approximately $72,000. CWM LLC boosted its stake in Janus International Group by 571.1% during the first quarter. CWM LLC now owns 11,012 shares of the company's stock worth $79,000 after buying an additional 9,371 shares during the last quarter. Finally, Kendall Capital Management grew its holdings in Janus International Group by 12.7% in the 2nd quarter. Kendall Capital Management now owns 14,975 shares of the company's stock valued at $122,000 after buying an additional 1,685 shares in the last quarter. Institutional investors and hedge funds own 88.78% of the company's stock.

Janus International Group Price Performance

JBI opened at $9.78 on Tuesday. The stock's 50-day moving average price is $9.95 and its 200 day moving average price is $8.60. Janus International Group, Inc. has a 12-month low of $5.99 and a 12-month high of $10.80. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 31.55 and a beta of 1.34. The company has a current ratio of 2.61, a quick ratio of 2.26 and a debt-to-equity ratio of 1.00.

Janus International Group (NYSE:JBI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.05. The company had revenue of $228.10 million for the quarter, compared to analyst estimates of $216.99 million. Janus International Group had a net margin of 4.85% and a return on equity of 13.10%. The business's revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.21 earnings per share. Janus International Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts expect that Janus International Group, Inc. will post 0.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Janus International Group in a research report on Saturday, September 27th. KeyCorp boosted their target price on shares of Janus International Group from $10.00 to $12.00 and gave the company an "overweight" rating in a report on Friday, August 8th. UBS Group raised their price target on shares of Janus International Group from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, August 8th. Jefferies Financial Group lifted their price target on shares of Janus International Group from $9.00 to $10.00 and gave the company a "hold" rating in a research report on Wednesday, August 20th. Finally, Wall Street Zen upgraded Janus International Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Janus International Group currently has a consensus rating of "Hold" and an average price target of $10.67.

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.

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