Janus International Group (NYSE:JBI) Trading Down 5.7% – Here’s What Happened

Janus International Group, Inc. (NYSE:JBI) shares fell 5.7% on Thursday . The company traded as low as $7.24 and last traded at $7.21. 2,659,225 shares changed hands during trading, an increase of 36% from the average session volume of 1,961,768 shares. The stock had previously closed at $7.64.

Analyst Upgrades and Downgrades

A number of research firms recently commented on JBI. UBS Group lowered their price target on shares of Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Jefferies Financial Group cut shares of Janus International Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $12.00 to $7.50 in a report on Monday, November 4th. Finally, KeyCorp dropped their price target on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.25.

Janus International Group Trading Up 5.0 %

The business has a fifty day simple moving average of $7.44 and a 200-day simple moving average of $9.68. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of 10.53 and a beta of 0.91.

Janus International Group (NYSE:JBI) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.09). The business had revenue of $230.10 million for the quarter, compared to the consensus estimate of $248.21 million. Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. Janus International Group’s revenue was down 17.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 EPS. As a group, equities analysts forecast that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Janus International Group

A number of hedge funds have recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new position in Janus International Group during the second quarter worth $60,000. Amalgamated Bank grew its holdings in Janus International Group by 73.2% during the 2nd quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock worth $62,000 after acquiring an additional 2,074 shares during the period. Quarry LP raised its position in shares of Janus International Group by 216.4% in the 2nd quarter. Quarry LP now owns 6,527 shares of the company’s stock worth $82,000 after acquiring an additional 4,464 shares in the last quarter. SkyView Investment Advisors LLC acquired a new position in shares of Janus International Group in the 2nd quarter valued at about $126,000. Finally, Mackenzie Financial Corp bought a new stake in shares of Janus International Group during the 2nd quarter valued at about $136,000. 88.78% of the stock is currently owned by institutional investors.

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.