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

Mutual of America Capital Management LLC grew its position in shares of Janus International Group, Inc. (NYSE:JBI) by 53.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 248,767 shares of the company’s stock after buying an additional 87,047 shares during the quarter. Mutual of America Capital Management LLC owned 0.17% of Janus International Group worth $3,246,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Janus International Group in the 3rd quarter worth approximately $36,243,000. Wellington Management Group LLP purchased a new position in Janus International Group in the 3rd quarter valued at approximately $26,096,000. Vanguard Group Inc. grew its stake in Janus International Group by 64.3% in the 1st quarter. Vanguard Group Inc. now owns 5,605,869 shares of the company’s stock valued at $50,453,000 after buying an additional 2,194,348 shares in the last quarter. Morgan Stanley grew its stake in Janus International Group by 259.3% in the 3rd quarter. Morgan Stanley now owns 2,973,061 shares of the company’s stock valued at $31,812,000 after buying an additional 2,145,713 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Janus International Group by 59.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,460,759 shares of the company’s stock valued at $71,263,000 after buying an additional 2,027,286 shares in the last quarter. Institutional investors own 88.78% of the company’s stock.

Insider Buying and Selling

In other Janus International Group news, CEO Ramey Pierce Jackson sold 100,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.26, for a total value of $1,526,000.00. Following the sale, the chief executive officer now owns 564,510 shares in the company, valued at $8,614,422.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Janus International Group news, EVP Morgan Hodges sold 150,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $15.26, for a total value of $2,289,000.00. Following the sale, the executive vice president now owns 203,865 shares in the company, valued at $3,110,979.90. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ramey Pierce Jackson sold 100,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $15.26, for a total transaction of $1,526,000.00. Following the sale, the chief executive officer now owns 564,510 shares in the company, valued at approximately $8,614,422.60. The disclosure for this sale can be found here. Insiders sold a total of 340,000 shares of company stock valued at $5,189,300 over the last three months. Corporate insiders own 42.90% of the company’s stock.

Janus International Group Stock Performance

Janus International Group stock opened at $14.91 on Thursday. The company has a market capitalization of $2.19 billion, a PE ratio of 16.21 and a beta of 0.94. The firm has a fifty day simple moving average of $14.81 and a two-hundred day simple moving average of $12.77. The company has a quick ratio of 2.38, a current ratio of 2.66 and a debt-to-equity ratio of 1.17. Janus International Group, Inc. has a twelve month low of $8.66 and a twelve month high of $15.86.

Janus International Group (NYSE:JBI) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). Janus International Group had a net margin of 12.73% and a return on equity of 30.00%. The firm had revenue of $263.70 million for the quarter, compared to the consensus estimate of $284.01 million. During the same period last year, the company posted $0.22 earnings per share. The business’s revenue was down 5.7% on a year-over-year basis. Research analysts expect that Janus International Group, Inc. will post 1.02 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Benchmark reduced their price objective on shares of Janus International Group from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Friday, March 1st. TheStreet upgraded shares of Janus International Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 4th. Finally, Jefferies Financial Group started coverage on shares of Janus International Group in a research report on Monday. They set a “buy” rating and a $20.00 price target for the company. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Janus International Group currently has a consensus rating of “Moderate Buy” and an average target price of $16.30.

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.