Janus International Group, Inc. (NYSE:JBI) Holdings Trimmed by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management LLC reduced its stake in Janus International Group by 12.3%, owning 604,417 shares worth $4.35 million after selling 84,599 shares in Q1.
• Analysts have raised price targets for Janus International Group, with UBS increasing theirs from $9.00 to $10.00 and KeyCorp from $10.00 to $12.00, reflecting a positive outlook on the stock.
• Janus International Group reported earnings of $0.20 per share, exceeding expectations, despite an 8.2% year-over-year decline in revenue, indicating challenges in the market.

Mutual of America Capital Management LLC lowered its stake in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 12.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 604,417 shares of the company's stock after selling 84,599 shares during the quarter. Mutual of America Capital Management LLC owned about 0.43% of Janus International Group worth $4,352,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Federated Hermes Inc. boosted its holdings in Janus International Group by 109.3% in the 4th quarter. Federated Hermes Inc. now owns 4,798 shares of the company's stock worth $35,000 after acquiring an additional 2,506 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Janus International Group by 42.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,146 shares of the company's stock valued at $38,000 after buying an additional 1,544 shares during the last quarter. Group One Trading LLC boosted its stake in shares of Janus International Group by 9,000.0% during the 4th quarter. Group One Trading LLC now owns 9,100 shares of the company's stock valued at $67,000 after buying an additional 9,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Janus International Group during the 1st quarter valued at approximately $72,000. Finally, Wexford Capital LP purchased a new position in shares of Janus International Group during the 4th quarter valued at approximately $95,000. Institutional investors and hedge funds own 88.78% of the company's stock.

Wall Street Analyst Weigh In

JBI has been the subject of several research analyst reports. Wall Street Zen upgraded Janus International Group from a "hold" rating to a "buy" rating in a research note on Saturday. UBS Group raised their price objective on Janus International Group from $9.00 to $10.00 and gave the stock a "neutral" rating in a research note on Friday. Finally, KeyCorp raised their price objective on Janus International Group from $10.00 to $12.00 and gave the stock an "overweight" rating in a research note on Friday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $9.83.

Janus International Group Stock Performance

NYSE JBI traded up $0.26 during trading hours on Tuesday, hitting $10.00. The company had a trading volume of 1,156,510 shares, compared to its average volume of 1,388,228. The firm has a market cap of $1.40 billion, a P/E ratio of 32.24 and a beta of 1.25. The company has a quick ratio of 2.26, a current ratio of 2.61 and a debt-to-equity ratio of 1.00. Janus International Group, Inc. has a fifty-two week low of $5.99 and a fifty-two week high of $11.49. The business has a fifty day simple moving average of $8.64 and a 200-day simple moving average of $8.04.

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

Janus International Group declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 15th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to reacquire up to 6.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's leadership believes its stock is 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.