Mutual of America Capital Management LLC Boosts Stock Position in Janus International Group, Inc. (NYSE:JBI)

Mutual of America Capital Management LLC raised its holdings in Janus International Group, Inc. (NYSE:JBI) by 22.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 702,186 shares of the company’s stock after buying an additional 126,712 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.48% of Janus International Group worth $8,869,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tucker Asset Management LLC purchased a new stake in Janus International Group in the 4th quarter valued at about $35,000. Comerica Bank grew its holdings in Janus International Group by 78.8% in the 1st 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. Principal Financial Group Inc. purchased a new stake in Janus International Group in the 1st quarter valued at about $173,000. Saxon Interests Inc. purchased a new stake in Janus International Group in the 1st quarter valued at about $189,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in Janus International Group by 25.8% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 14,482 shares of the company’s stock valued at $186,000 after buying an additional 2,968 shares during the period. Hedge funds and other institutional investors own 88.78% of the company’s stock.

Insider Buying and Selling

In other Janus International Group news, insider Peter Frayser sold 15,000 shares of the company’s 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 directly owns 217,805 shares of the company’s stock, valued at approximately $3,267,075. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.94% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

JBI has been the subject of several recent analyst reports. Wolfe Research cut Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. Benchmark reduced their price objective on Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Jefferies Financial Group reduced their price objective on Janus International Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. KeyCorp reduced their price objective on 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. Finally, UBS Group reduced their price objective on Janus International Group from $14.50 to $12.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $13.25.

Janus International Group Stock Performance

Janus International Group stock opened at $10.01 on Thursday. The stock’s 50 day moving average price is $11.82 and its 200 day moving average price is $13.25. The firm has a market capitalization of $1.46 billion, a PE ratio of 10.54 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. Janus International Group, Inc. has a one year low of $9.16 and a one year high of $15.86.

Janus International Group (NYSE:JBI) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.07). The company had revenue of $248.40 million for the quarter, compared to analyst estimates of $287.42 million. Janus International Group had a return on equity of 26.03% and a net margin of 12.52%. As a group, sell-side analysts expect that Janus International Group, Inc. will post 0.84 EPS 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.