Mutual of America Capital Management LLC Acquires 87,047 Shares of Janus International Group, Inc. (NYSE:JBI)

Mutual of America Capital Management LLC lifted its stake in Janus International Group, Inc. (NYSE:JBI - Free Report) by 53.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 248,767 shares of the company's stock after buying an additional 87,047 shares during the period. Mutual of America Capital Management LLC owned about 0.17% of Janus International Group worth $3,246,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Kendall Capital Management bought a new stake in shares of Janus International Group in the fourth quarter valued at about $176,000. Allspring Global Investments Holdings LLC lifted its stake in Janus International Group by 59.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,460,759 shares of the company's stock worth $71,263,000 after purchasing an additional 2,027,286 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in Janus International Group by 25.8% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 4,260,295 shares of the company's stock worth $55,597,000 after purchasing an additional 873,130 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Janus International Group by 16.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 18,101 shares of the company's stock worth $237,000 after purchasing an additional 2,572 shares during the period. Finally, Arizona State Retirement System lifted its stake in Janus International Group by 20.9% during the fourth quarter. Arizona State Retirement System now owns 32,836 shares of the company's stock worth $429,000 after purchasing an additional 5,678 shares during the period. Institutional investors own 88.78% of the company's stock.

Insider Activity at Janus International Group

In related news, EVP Morgan Hodges sold 150,000 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.26, for a total value of $2,289,000.00. Following the completion of the sale, the executive vice president now owns 203,865 shares of the company's stock, valued at $3,110,979.90. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Janus International Group news, EVP Morgan Hodges sold 150,000 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.26, for a total value of $2,289,000.00. Following the transaction, the executive vice president now directly owns 203,865 shares of the company's stock, valued at $3,110,979.90. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ramey Pierce Jackson sold 100,000 shares of the firm's stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.26, for a total transaction of $1,526,000.00. Following the completion of the transaction, the chief executive officer now directly owns 564,510 shares in the company, valued at $8,614,422.60. The disclosure for this sale can be found here. Insiders sold a total of 340,000 shares of company stock valued at $5,189,300 over the last quarter. Corporate insiders own 42.90% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of Janus International Group in a research note on Monday. They set a "buy" rating and a $20.00 price target for the company. Benchmark cut their price target on shares of Janus International Group from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Friday, March 1st. Finally, TheStreet upgraded shares of Janus International Group from a "c+" rating to a "b-" rating in a research note on Thursday, January 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.30.

Janus International Group Price Performance

Shares of NYSE JBI traded up $0.04 during mid-day trading on Thursday, hitting $14.95. 2,374,634 shares of the stock were exchanged, compared to its average volume of 1,453,988. The company has a market cap of $2.20 billion, a P/E ratio of 16.25 and a beta of 0.94. The stock's fifty day simple moving average is $14.81 and its two-hundred day simple moving average is $12.79. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.38 and a current ratio of 2.66. Janus International Group, Inc. has a twelve month low of $8.66 and a twelve month high of $15.86.

Janus International Group (NYSE:JBI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The company had revenue of $263.70 million during the quarter, compared to analyst estimates of $284.01 million. Janus International Group had a net margin of 12.73% and a return on equity of 30.00%. The business's revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.22 EPS. As a group, analysts forecast that Janus International Group, Inc. will post 1.02 EPS for the current fiscal year.

About Janus International Group

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.