Janus International Group (NYSE:JBI) Stock Price Down 5.3% on Analyst Downgrade

Shares of Janus International Group, Inc. (NYSE:JBI) fell 5.3% during trading on Tuesday after Jefferies Financial Group lowered their price target on the stock from $15.00 to $12.00. Jefferies Financial Group currently has a buy rating on the stock. Janus International Group traded as low as $9.73 and last traded at $9.73. 128,770 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 1,899,757 shares. The stock had previously closed at $10.27.

JBI has been the topic of a number of other reports. KeyCorp reduced their price objective on shares of Janus International Group from $17.00 to $15.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Benchmark cut their price target on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. UBS Group lowered their price objective on Janus International Group from $14.50 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Finally, Wolfe Research lowered Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $13.25.

Insider Activity

In other Janus International Group news, insider Peter Frayser sold 15,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.00, for a total value of $225,000.00. Following the transaction, the insider now owns 217,805 shares in the company, valued at $3,267,075. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.94% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Entropy Technologies LP grew its holdings in Janus International Group by 4.5% during the first quarter. Entropy Technologies LP now owns 21,126 shares of the company’s stock worth $320,000 after buying an additional 901 shares in the last quarter. Sage Mountain Advisors LLC grew its position in Janus International Group by 4.5% in the 2nd quarter. Sage Mountain Advisors LLC now owns 23,200 shares of the company’s stock worth $293,000 after purchasing an additional 990 shares in the last quarter. ProShare Advisors LLC increased its stake in Janus International Group by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 15,267 shares of the company’s stock valued at $231,000 after buying an additional 1,201 shares during the last quarter. Amalgamated Bank increased its stake in Janus International Group by 73.2% in the 2nd quarter. Amalgamated Bank now owns 4,909 shares of the company’s stock valued at $62,000 after buying an additional 2,074 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in shares of Janus International Group by 2.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 101,029 shares of the company’s stock worth $1,529,000 after buying an additional 2,260 shares in the last quarter. 88.78% of the stock is owned by institutional investors.

Janus International Group Price Performance

The stock has a market cap of $1.42 billion, a PE ratio of 10.24 and a beta of 0.89. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.47 and a current ratio of 2.82. The business has a 50 day moving average price of $12.06 and a two-hundred day moving average price of $13.42.

Janus International Group (NYSE:JBI) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.07). The business had revenue of $248.40 million during the quarter, compared to analysts’ expectations of $287.42 million. Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. Research analysts expect that Janus International Group, Inc. will post 0.86 earnings per share 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.