Janus International Group (NYSE:JBI) Share Price Breaks Above 50-Day Moving Average – What’s Next?

Janus International Group, Inc. (NYSE:JBI)’s share price passed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $4.49 and traded as high as $4.57. Janus International Group shares last traded at $4.5490, with a volume of 3,076,065 shares trading hands.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on JBI. UBS Group cut their price target on shares of Janus International Group from $6.00 to $5.60 and set a “neutral” rating for the company in a report on Wednesday, August 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Janus International Group in a report on Monday, September 21st. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Janus International Group currently has an average rating of “Hold” and an average price target of $7.30.

Janus International Group Trading Up 7.0%

The firm has a market capitalization of $620.67 million, a PE ratio of 18.95 and a beta of 1.43. The company has a current ratio of 2.94, a quick ratio of 2.50 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average price of $4.49 and a two-hundred day moving average price of $5.39.

Janus International Group (NYSE:JBI) last issued its quarterly earnings data on Tuesday, August 11th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.03. Janus International Group had a return on equity of 11.27% and a net margin of 3.68%. The firm had revenue of $233.50 million during the quarter, compared to the consensus estimate of $238.78 million. During the same period last year, the company earned $0.20 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts expect that Janus International Group, Inc. will post 0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Janus International Group

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its holdings in Janus International Group by 12.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,205,659 shares of the company’s stock valued at $21,657,000 after purchasing an additional 474,205 shares during the last quarter. MW Advisory LLC purchased a new stake in Janus International Group in the second quarter valued at approximately $12,119,000. RBF Capital LLC raised its position in Janus International Group by 33.6% in the first quarter. RBF Capital LLC now owns 1,401,614 shares of the company’s stock valued at $7,218,000 after purchasing an additional 352,430 shares during the period. Bernzott Capital Advisors raised its position in Janus International Group by 26.2% in the first quarter. Bernzott Capital Advisors now owns 1,076,690 shares of the company’s stock valued at $5,545,000 after purchasing an additional 223,270 shares during the period. Finally, Bank of America Corp DE lifted its stake in Janus International Group by 13.5% during the first quarter. Bank of America Corp DE now owns 916,906 shares of the company’s stock worth $4,722,000 after purchasing an additional 109,113 shares in the last quarter. Hedge funds and other institutional investors own 88.78% of the company’s stock.

About Janus International Group

Janus International Group, Inc (NYSE:JBI) is a global manufacturer and supplier of building products and technology solutions for the self-storage and commercial construction industries. The company provides systems designed to support the development, renovation, operation and security of storage facilities and other commercial properties.

Its products and services include roll-up doors, hallway systems, relocatable storage units, facility and building components, and access-control solutions.