Dynamic Technology Lab Private Ltd Purchases 27,242 Shares of Janus International Group, Inc. (NYSE:JBI)

Dynamic Technology Lab Private Ltd grew its position in shares of Janus International Group, Inc. (NYSE:JBI) by 55.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,538 shares of the company’s stock after acquiring an additional 27,242 shares during the period. Dynamic Technology Lab Private Ltd owned about 0.05% of Janus International Group worth $774,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Sage Mountain Advisors LLC raised its stake in shares of Janus International Group by 4.5% during the second quarter. Sage Mountain Advisors LLC now owns 23,200 shares of the company’s stock valued at $293,000 after acquiring an additional 990 shares during the last quarter. Atria Investments Inc increased its position in shares of Janus International Group by 13.4% during the third quarter. Atria Investments Inc now owns 13,889 shares of the company’s stock valued at $140,000 after buying an additional 1,643 shares during the period. Amalgamated Bank increased its position in shares of Janus International Group by 73.2% during the second 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 period. Price T Rowe Associates Inc. MD increased its position in shares of Janus International Group by 13.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,278 shares of the company’s stock valued at $368,000 after buying an additional 2,799 shares during the period. Finally, Comerica Bank increased its position in shares of Janus International Group by 78.8% during the first quarter. Comerica Bank now owns 6,721 shares of the company’s stock valued at $102,000 after buying an additional 2,962 shares during the period. 88.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

JBI has been the topic of several research analyst reports. UBS Group reduced 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. KeyCorp reduced their price target on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. Wolfe Research cut shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a research report on Monday, August 12th. Benchmark cut their price objective on shares of Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Jefferies Financial Group cut shares of Janus International Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $12.00 to $7.50 in a report on Monday, November 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Janus International Group presently has an average rating of “Hold” and an average price target of $10.25.

Janus International Group Price Performance

Shares of JBI opened at $7.39 on Friday. The stock has a market cap of $1.04 billion, a PE ratio of 10.26 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. Janus International Group, Inc. has a fifty-two week low of $6.68 and a fifty-two week high of $15.86. The firm’s 50-day simple moving average is $8.84 and its two-hundred day simple moving average is $11.22.

Janus International Group (NYSE:JBI) last issued its 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 firm had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. Janus International Group had a return on equity of 21.10% and a net margin of 10.62%. The company’s quarterly revenue was down 17.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 EPS. Analysts anticipate that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Janus International Group 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.