Yorktown Management & Research Co Inc Acquires New Shares in Janus International Group, Inc. (NYSE:JBI)

Yorktown Management & Research Co Inc purchased a new stake in shares of Janus International Group, Inc. (NYSE:JBI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 28,500 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors have also modified their holdings of JBI. FMR LLC lifted its stake in shares of Janus International Group by 74.9% in the 4th quarter. FMR LLC now owns 14,544,033 shares of the company’s stock worth $106,899,000 after acquiring an additional 6,227,738 shares during the period. Vanguard Group Inc. lifted its position in Janus International Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 13,504,970 shares of the company’s stock worth $99,262,000 after purchasing an additional 43,135 shares during the period. JPMorgan Chase & Co. boosted its stake in Janus International Group by 31.0% during the 4th quarter. JPMorgan Chase & Co. now owns 9,332,406 shares of the company’s stock valued at $68,593,000 after purchasing an additional 2,207,140 shares in the last quarter. Cooke & Bieler LP grew its position in Janus International Group by 25.9% in the fourth quarter. Cooke & Bieler LP now owns 7,549,000 shares of the company’s stock worth $55,485,000 after buying an additional 1,551,545 shares during the last quarter. Finally, Senvest Management LLC lifted its position in shares of Janus International Group by 47.0% during the 4th quarter. Senvest Management LLC now owns 5,671,431 shares of the company’s stock valued at $41,685,000 after acquiring an additional 1,812,602 shares during the last quarter. Institutional investors own 88.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, KeyCorp boosted their price objective on Janus International Group from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.00.

Janus International Group Trading Up 2.7%

Shares of JBI stock opened at $8.18 on Tuesday. The business’s 50 day moving average is $7.73 and its two-hundred day moving average is $7.71. The company has a market cap of $1.15 billion, a PE ratio of 23.36 and a beta of 1.25. The company has a quick ratio of 2.21, a current ratio of 2.59 and a debt-to-equity ratio of 1.03. Janus International Group, Inc. has a 12 month low of $5.99 and a 12 month high of $15.24.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.08 by $0.05. The business had revenue of $210.50 million for the quarter, compared to analyst estimates of $200.73 million. Janus International Group had a return on equity of 13.38% and a net margin of 5.49%. Janus International Group’s quarterly revenue was down 17.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 EPS. Equities analysts predict that Janus International Group, Inc. will post 0.54 EPS for the current year.

Janus International Group announced that its Board of Directors has approved a stock repurchase program on Thursday, May 15th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the company to buy up to 6.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

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.