Janus International Group (NYSE:JBI) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Janus International Group (NYSE:JBI) from a buy rating to a hold rating in a research report sent to investors on Saturday.

A number of other research firms have also issued reports on JBI. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Janus International Group in a research note on Friday, March 27th. KeyCorp reduced their target price on Janus International Group from $12.00 to $9.00 and set an “overweight” rating on the stock in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Janus International Group has an average rating of “Hold” and an average target price of $9.17.

Janus International Group Price Performance

JBI stock opened at $5.22 on Friday. Janus International Group has a 1 year low of $4.74 and a 1 year high of $10.80. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.04 and a current ratio of 3.54. The stock’s 50 day moving average price is $5.51 and its 200 day moving average price is $6.57. The firm has a market cap of $724.15 million, a P/E ratio of 13.37 and a beta of 1.49.

Janus International Group (NYSE:JBI) last posted its earnings results on Wednesday, March 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). Janus International Group had a net margin of 6.08% and a return on equity of 15.26%. The company had revenue of $226.30 million during the quarter, compared to analysts’ expectations of $217.45 million. During the same period in the previous year, the company posted $0.57 EPS. Janus International Group’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, sell-side analysts expect that Janus International Group will post 0.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Hillsdale Investment Management Inc. acquired a new position in Janus International Group in the 3rd quarter valued at $6,813,000. Teacher Retirement System of Texas raised its holdings in Janus International Group by 117.6% in the 3rd quarter. Teacher Retirement System of Texas now owns 779,309 shares of the company’s stock valued at $7,692,000 after acquiring an additional 421,205 shares during the last quarter. Anchor Capital Management Company LLC raised its holdings in Janus International Group by 55.4% in the 3rd quarter. Anchor Capital Management Company LLC now owns 554,663 shares of the company’s stock valued at $5,475,000 after acquiring an additional 197,740 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in Janus International Group by 60.1% in the 4th quarter. Wedge Capital Management L L P NC now owns 409,282 shares of the company’s stock valued at $2,677,000 after acquiring an additional 153,652 shares during the last quarter. Finally, Strs Ohio acquired a new position in Janus International Group in the 3rd quarter valued at $745,000. 88.78% of the stock is currently owned by institutional investors and hedge funds.

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.