Teacher Retirement System of Texas Buys 337,439 Shares of Janus International Group, Inc. $JBI

Teacher Retirement System of Texas increased its stake in shares of Janus International Group, Inc. (NYSE:JBI) by 1,632.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 358,104 shares of the company’s stock after acquiring an additional 337,439 shares during the period. Teacher Retirement System of Texas’ holdings in Janus International Group were worth $2,915,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in Janus International Group by 914.9% during the first quarter. American Century Companies Inc. now owns 3,633,684 shares of the company’s stock worth $26,163,000 after purchasing an additional 3,275,656 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of Janus International Group by 1.3% in the second quarter. DAVENPORT & Co LLC now owns 3,195,694 shares of the company’s stock worth $26,109,000 after buying an additional 40,201 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Janus International Group by 5.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,145,119 shares of the company’s stock worth $27,551,000 after buying an additional 174,891 shares during the period. Boston Partners grew its stake in Janus International Group by 1.1% in the 1st quarter. Boston Partners now owns 2,209,961 shares of the company’s stock valued at $15,511,000 after buying an additional 23,132 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in Janus International Group by 14.0% in the 1st quarter. Royce & Associates LP now owns 2,127,169 shares of the company’s stock worth $15,316,000 after acquiring an additional 261,116 shares during the period. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on JBI shares. Wall Street Zen upgraded shares of Janus International Group from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Jefferies Financial Group increased their target price on Janus International Group from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Wednesday, August 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Janus International Group in a report on Wednesday, October 8th. KeyCorp upped their price target on Janus International Group from $10.00 to $12.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Finally, UBS Group raised their price objective on shares of Janus International Group from $9.00 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.67.

Janus International Group Trading Down 0.8%

Shares of JBI opened at $9.59 on Friday. The stock’s 50-day moving average price is $10.06 and its 200 day moving average price is $8.99. The company has a quick ratio of 2.26, a current ratio of 2.61 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 30.93 and a beta of 1.34. Janus International Group, Inc. has a 12-month low of $5.99 and a 12-month high of $10.80.

Janus International Group (NYSE:JBI) last announced its quarterly earnings data on Monday, March 28th. The company reported $0.24 earnings per share for the quarter. The company had revenue of $148.59 million for the quarter. Janus International Group had a return on equity of 13.10% and a net margin of 4.85%. As a group, research analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current 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.