Bwcp LP Has $10.37 Million Stock Holdings in Janus International Group, Inc. (NYSE:JBI)

Bwcp LP increased its holdings in shares of Janus International Group, Inc. (NYSE:JBI) by 32.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 820,855 shares of the company’s stock after purchasing an additional 202,747 shares during the period. Janus International Group makes up about 2.6% of Bwcp LP’s holdings, making the stock its 20th biggest position. Bwcp LP owned 0.56% of Janus International Group worth $10,367,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in JBI. Silvercrest Asset Management Group LLC acquired a new stake in shares of Janus International Group during the 1st quarter worth approximately $44,026,000. Vanguard Group Inc. increased its stake in Janus International Group by 26.8% in the fourth quarter. Vanguard Group Inc. now owns 11,636,534 shares of the company’s stock valued at $151,857,000 after purchasing an additional 2,458,953 shares in the last quarter. Schroder Investment Management Group acquired a new position in shares of Janus International Group during the fourth quarter valued at about $26,103,000. Victory Capital Management Inc. boosted its position in shares of Janus International Group by 2,063.3% during the 2nd quarter. Victory Capital Management Inc. now owns 1,339,287 shares of the company’s stock worth $16,915,000 after purchasing an additional 1,277,377 shares in the last quarter. Finally, Epoch Investment Partners Inc. bought a new stake in Janus International Group in the 1st quarter valued at about $18,954,000. 88.78% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on JBI. Benchmark cut their price target on Janus International Group from $21.00 to $14.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Jefferies Financial Group reduced their price target on shares of Janus International Group from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Wolfe Research downgraded shares of Janus International Group from an “outperform” rating to a “peer perform” rating in a report on Monday, August 12th. KeyCorp reduced their price objective on shares of Janus International Group from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Finally, UBS Group lowered their target price on shares of Janus International Group from $14.50 to $12.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.25.

Janus International Group Price Performance

Shares of NYSE:JBI opened at $10.05 on Wednesday. The company has a current ratio of 2.82, a quick ratio of 2.47 and a debt-to-equity ratio of 1.05. The stock has a market cap of $1.46 billion, a PE ratio of 10.58 and a beta of 0.89. The stock’s fifty day simple moving average is $11.52 and its two-hundred day simple moving average is $13.09. Janus International Group, Inc. has a 1-year low of $9.16 and a 1-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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.07). The firm had revenue of $248.40 million for the quarter, compared to the consensus estimate of $287.42 million. Janus International Group had a net margin of 12.52% and a return on equity of 26.03%. As a group, analysts forecast that Janus International Group, Inc. will post 0.84 EPS for the current fiscal year.

Insider Activity

In related news, insider Peter Frayser sold 15,000 shares of Janus International Group stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the sale, the insider now directly owns 217,805 shares in the company, valued at $3,267,075. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.94% of the stock is currently owned by corporate insiders.

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.