MW Advisory LLC Purchases Shares of 2,183,549 Janus International Group, Inc. $JBI

Key Points

• MW Advisory LLC acquired 2,183,549 shares of Janus International Group in the second quarter, valued at approximately $12.1 million and representing about 1.57% of the company. Institutional investors collectively own 88.78% of JBI.
• Janus reported quarterly EPS of $0.17, beating estimates of $0.14, while revenue rose 2.4% year over year to $233.5 million but fell short of analysts’ $238.78 million forecast.
• JBI shares opened at $5.09 and have traded between $4.26 and $10.80 over the past year. Analysts maintain a consensus “Hold” rating with a $7.30 target price, while UBS recently lowered its target to $5.60.

MW Advisory LLC acquired a new position in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,183,549 shares of the company's stock, valued at approximately $12,119,000. Janus International Group makes up approximately 4.8% of MW Advisory LLC's holdings, making the stock its 3rd biggest position. MW Advisory LLC owned approximately 1.57% of Janus International Group at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clearstead Advisors LLC lifted its stake in Janus International Group by 130.0% in the fourth quarter. Clearstead Advisors LLC now owns 5,338 shares of the company's stock valued at $35,000 after buying an additional 3,017 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Janus International Group by 1,978.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 5,363 shares of the company's stock worth $35,000 after purchasing an additional 5,105 shares during the period. Russell Investments Group Ltd. increased its holdings in Janus International Group by 771.0% in the second quarter. Russell Investments Group Ltd. now owns 7,229 shares of the company's stock valued at $59,000 after buying an additional 6,399 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Janus International Group during the fourth quarter worth $71,000. Finally, New York State Teachers Retirement System purchased a new position in shares of Janus International Group in the fourth quarter valued at $81,000. Institutional investors and hedge funds own 88.78% of the company's stock.

Janus International Group Stock Up 1.6%

JBI stock opened at $5.09 on Friday. The firm has a 50 day simple moving average of $5.23 and a 200-day simple moving average of $5.41. The company has a market capitalization of $694.48 million, a P/E ratio of 21.21 and a beta of 1.45. Janus International Group, Inc. has a twelve month low of $4.26 and a twelve month high of $10.80. The company has a current ratio of 2.94, a quick ratio of 2.50 and a debt-to-equity ratio of 0.94.

Janus International Group (NYSE:JBI - Get Free Report) last issued its earnings results on Tuesday, August 11th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. Janus International Group had a net margin of 3.68% and a return on equity of 11.27%. The business had revenue of $233.50 million for the quarter, compared to analyst estimates of $238.78 million. During the same quarter in the prior year, the business posted $0.20 EPS. The company's revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts predict that Janus International Group, Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JBI. Wall Street Zen downgraded Janus International Group from a "buy" rating to a "hold" rating in a research report on Saturday, May 9th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Janus International Group in a report on Wednesday, June 24th. Finally, UBS Group decreased their price objective on shares of Janus International Group from $6.00 to $5.60 and set a "neutral" rating for the company in a research note on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $7.30.

About Janus International Group

Janus International Group, Inc is a global provider of specialized storage and security products for self-storage, commercial, industrial and residential applications. The company designs, engineers and manufactures a broad range of building components focused on perimeter security and facility access solutions. Janus serves customers through dealer networks, direct sales offices and distribution partners across multiple end markets.

Core product offerings include steel roll-up doors and sectional overhead doors, perimeter fencing and automated gate systems, parking security products and climate-controlled modular storage buildings.

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