Beacon Roofing Supply, Inc. is a company engaged in the distribution of roofing materials for residential and non-residential buildings. The organization also sells ancillary building products including windows, siding, insulation, waterproofing systems for structural exterior use and specialty exterior building products that support the entire construction industry. Founded in 1997, Beacon Roofing Supply has consistently thrived in its industry and has grown into a global leader.
In the fourth quarter of last year, Russell Investments Group Ltd. its stake in Beacon Roofing Supply by 5.5%. The move added 2,223 shares to her portfolio, according to data contained on Form 13F filed with the Securities and Exchange Commission. These additional shares added to her holdings and she owned a total of 42,635 BECN shares at the end of the quarter, valued at an estimated $2,251,000.
A few reports have recently focused on Beacon Roofing Supply – including those by Deutsche Bank Aktiengesellschaft and Robert W. Baird; while one came from StockNews.com and one from Stephens. In one case uncovered by Bloomberg’s research, it has been suggested that Beacon Roofing Supply may have a hold rating with a consensus target price of around $70.00.
Despite mixed reviews from analysts about BECN’s earnings report or its activity in financial activities alongside companies in relation to capital markets transactions/investments (valuation), one thing remains clear: Beacon Roofing Supply continues to assert its position as a significant distributor in its market niche while at the same time being a role model for another Growth potential for potential investors looking for lucrative investment opportunities in this area.
In summary, Beacon Roofing Supply is a company that has held up exceptionally well over time – largely thanks to excellent services delivered – as it is strategically positioned for long-term profitability and willing potential investors to explore the potential for growth and high stakes of this company, numerous opportunities offers performance that promises lucrative values.
Updated on: 05/22/2023
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Insight into Beacon Roofing Supply’s institutional investment activity and insider trading
The world of finance and investing can be a complex and confusing place, full of jargon and technical terms that can leave even the most seasoned trader in a state of confusion. This is especially true when investing in stocks and shares, where numerous factors can affect the value of a company’s stock. One such company that has been making headlines lately is Beacon Roofing Supply, Inc.
Beacon Roofing Supply, based in Herndon, VA, is engaged in the distribution of residential and non-residential roofing materials, as well as siding, windows, insulation and other building products. Founded in 1997, the company has grown into a major player in its industry with a market capitalization of over $4 billion.
A key indicator of a stock’s strength is the interest shown by institutional investors such as hedge funds. In recent months, several large companies have increased their stakes in Beacon Roofing Supply. Clayton Dubilier & Rice LLC increased its holding by 0.7% to 14,983,387 shares worth $790 million in the fourth quarter of 2020; Price T Rowe Associates Inc. MD increased its holding by 4% to 2,806,283 shares worth $144 million in the second quarter of 2020; Fiduciary Management Inc. WI increased its holding by 4.2% to 1,794,826 shares worth $98 million in the third quarter of 2020; Frontier Capital Management Co LLC increased its stake by 4.3% to 1762903 shares worth $96 million in the third quarter of 2020; while Fisher Asset Management LLC increased its stake by 0.6% in the fourth quarter and now owns 1,311,398 shares worth $69 million.
In addition to this institutional buying activity, insiders have also been making deals in Beacon Roofing Supply stock over the past several weeks. In May, insider Clement Munroe Best III sold 1,500 shares of BECN at an average price of $61.72, with other insiders owning less than 1% of the company’s total stock.
Despite these volatility, the company’s shares have remained relatively stable over the past few months, trading at $64.85 as of July 16. Beacon Roofing Supply reported strong first-quarter results in February, with earnings per share of $1.22, beating expectations by $0.06. Total sales totaled $1.97 billion. The company reports a return on equity of 27.52% and a net margin of 5.01%, indicating that it is well positioned to continue on its growth trajectory.
In summary, while investing in stocks can be a complex and confusing process, considering factors such as institutional investment activity and insider trading can provide valuable insights into companies like Beacon Roofing Supply. However, as always, it’s important for investors to do their own research and analysis before making decisions about buying or selling stocks.