Royce & Associates LP Has $12.38 Million Holdings in Janus International Group, Inc. (NYSE:JBI)

Royce & Associates LP lifted its holdings in shares of Janus International Group, Inc. (NYSE:JBI - Free Report) by 21.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,224,593 shares of the company's stock after buying an additional 216,382 shares during the quarter. Royce & Associates LP owned about 0.84% of Janus International Group worth $12,381,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Victory Capital Management Inc. grew its holdings in Janus International Group by 4.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,392,822 shares of the company's stock worth $14,081,000 after acquiring an additional 53,535 shares during the period. Atria Investments Inc increased its stake in Janus International Group by 13.4% during the 3rd quarter. Atria Investments Inc now owns 13,889 shares of the company's stock worth $140,000 after purchasing an additional 1,643 shares in the last quarter. Verdence Capital Advisors LLC acquired a new stake in Janus International Group during the 3rd quarter worth approximately $249,000. Principal Financial Group Inc. lifted its stake in Janus International Group by 854.2% in the third quarter. Principal Financial Group Inc. now owns 182,876 shares of the company's stock valued at $1,849,000 after buying an additional 163,711 shares in the last quarter. Finally, River Road Asset Management LLC acquired a new position in shares of Janus International Group in the third quarter valued at approximately $8,256,000. 88.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

JBI has been the topic of a number of research analyst reports. KeyCorp dropped their price objective on shares of Janus International Group from $13.00 to $11.00 and set an "overweight" rating on the stock in a report on Wednesday, October 30th. Wolfe Research downgraded Janus International Group from an "outperform" rating to a "peer perform" rating in a research note on Monday, August 12th. Jefferies Financial Group cut Janus International Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $12.00 to $7.50 in a research report on Monday, November 4th. Benchmark dropped their target price on 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. Finally, UBS Group reduced their price target on Janus International Group from $12.00 to $8.50 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $10.25.

Janus International Group Price Performance

NYSE:JBI opened at $7.17 on Friday. Janus International Group, Inc. has a 52-week low of $6.68 and a 52-week high of $15.86. The company has a market cap of $1.01 billion, a P/E ratio of 9.96 and a beta of 0.92. 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 stock's 50-day simple moving average is $9.27 and its 200 day simple moving average is $11.58.

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

Janus International Group Company Profile

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.