Wedge Capital Management L L P NC Acquires 116,688 Shares of Janus International Group, Inc. $JBI

Wedge Capital Management L L P NC boosted its holdings in Janus International Group, Inc. (NYSE:JBI) by 72.2% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 278,333 shares of the company’s stock after acquiring an additional 116,688 shares during the quarter. Wedge Capital Management L L P NC owned 0.20% of Janus International Group worth $2,266,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AlphaQuest LLC increased its stake in Janus International Group by 336.2% in the first quarter. AlphaQuest LLC now owns 5,091 shares of the company’s stock valued at $37,000 after acquiring an additional 3,924 shares during the last quarter. Quarry LP bought a new position in Janus International Group in the first quarter valued at $43,000. Group One Trading LLC increased its stake in Janus International Group by 9,000.0% in the fourth quarter. Group One Trading LLC now owns 9,100 shares of the company’s stock valued at $67,000 after acquiring an additional 9,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Janus International Group in the first quarter valued at $72,000. Finally, CWM LLC increased its stake in Janus International Group by 571.1% in the first quarter. CWM LLC now owns 11,012 shares of the company’s stock valued at $79,000 after acquiring an additional 9,371 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

JBI has been the topic of a number of research analyst reports. Wall Street Zen raised Janus International Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. KeyCorp lifted their price objective on Janus International Group from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Jefferies Financial Group lifted their price objective on Janus International Group from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Wednesday, August 20th. Finally, UBS Group lifted their price objective on Janus International Group from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $10.67.

Janus International Group Trading Down 2.9%

NYSE:JBI opened at $10.14 on Monday. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.61 and a quick ratio of 2.26. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 32.72 and a beta of 1.31. Janus International Group, Inc. has a one year low of $5.99 and a one year high of $10.80. The business has a fifty day moving average price of $9.71 and a 200-day moving average price of $8.46.

Janus International Group (NYSE:JBI) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.15 by $0.05. Janus International Group had a return on equity of 13.10% and a net margin of 4.85%.The firm had revenue of $228.10 million during the quarter, compared to analyst estimates of $216.99 million. During the same period in the prior year, the business posted $0.21 EPS. Janus International Group’s revenue was down 8.2% on a year-over-year basis. Janus International Group has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Janus International Group, Inc. will post 0.54 EPS for the current 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.