Truvestments Capital LLC Makes New $423,000 Investment in Janus International Group, Inc. (NYSE:JBI)

Truvestments Capital LLC bought a new stake in Janus International Group, Inc. (NYSE:JBI) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 27,944 shares of the company’s stock, valued at approximately $423,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of JBI. First Eagle Investment Management LLC boosted its stake in Janus International Group by 18.6% during the first quarter. First Eagle Investment Management LLC now owns 739,066 shares of the company’s stock worth $11,182,000 after buying an additional 115,700 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Janus International Group by 56.7% in the 4th quarter. Victory Capital Management Inc. now owns 723,315 shares of the company’s stock valued at $9,439,000 after purchasing an additional 261,808 shares during the last quarter. Trexquant Investment LP grew its stake in shares of Janus International Group by 354.4% in the 4th quarter. Trexquant Investment LP now owns 336,501 shares of the company’s stock valued at $4,391,000 after buying an additional 262,448 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Janus International Group by 27.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,734,570 shares of the company’s stock valued at $22,637,000 after buying an additional 378,478 shares during the period. Finally, Swiss National Bank lifted its holdings in Janus International Group by 19.0% in the first quarter. Swiss National Bank now owns 275,500 shares of the company’s stock valued at $4,168,000 after acquiring an additional 44,000 shares during the last quarter. 88.78% of the stock is owned by hedge funds and other institutional investors.

Janus International Group Trading Up 4.7 %

Shares of JBI traded up $0.65 during midday trading on Friday, hitting $14.56. 1,946,530 shares of the stock were exchanged, compared to its average volume of 2,082,780. Janus International Group, Inc. has a 52-week low of $9.16 and a 52-week high of $15.86. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.63 and a current ratio of 2.95. The stock has a fifty day simple moving average of $13.33 and a 200 day simple moving average of $14.11. The firm has a market cap of $2.13 billion, a P/E ratio of 15.33 and a beta of 0.91.

Janus International Group (NYSE:JBI) last released its earnings results on Thursday, May 9th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $254.50 million for the quarter, compared to analyst estimates of $252.90 million. Janus International Group had a net margin of 13.14% and a return on equity of 28.95%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS. On average, research analysts anticipate that Janus International Group, Inc. will post 1.03 EPS for the current fiscal year.

Analysts Set New Price Targets

JBI has been the topic of a number of research analyst reports. Benchmark restated a “buy” rating and issued a $21.00 target price on shares of Janus International Group in a research report on Tuesday, May 14th. Jefferies Financial Group began coverage on shares of Janus International Group in a report on Monday, April 15th. They issued a “buy” rating and a $20.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.88.

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.