Beacon Roofing Supply, Inc. (NASDAQ:BECN – Get Free Report) EVP Christopher Carl Nelson sold 3,268 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $93.87, for a total transaction of $306,767.16. Following the transaction, the executive vice president now owns 176 shares of the company’s stock, valued at approximately $16,521.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Beacon Roofing Supply Price Performance
Shares of Beacon Roofing Supply stock opened at $100.23 on Tuesday. The firm has a market cap of $6.36 billion, a PE ratio of -213.26, a P/E/G ratio of 1.72 and a beta of 1.62. Beacon Roofing Supply, Inc. has a twelve month low of $54.60 and a twelve month high of $100.53. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.30. The business has a 50-day moving average price of $87.66 and a 200 day moving average price of $82.42.
Beacon Roofing Supply (NASDAQ:BECN – Get Free Report) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $1.47 EPS for the quarter, missing the consensus estimate of $1.69 by ($0.22). The business had revenue of $2.30 billion during the quarter, compared to analyst estimates of $2.27 billion. Beacon Roofing Supply had a net margin of 4.74% and a return on equity of 26.95%. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.18 earnings per share. Sell-side analysts predict that Beacon Roofing Supply, Inc. will post 7.87 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
BECN has been the topic of a number of recent analyst reports. William Blair raised Beacon Roofing Supply from a “market perform” rating to an “outperform” rating in a research report on Monday, January 8th. Robert W. Baird upgraded shares of Beacon Roofing Supply from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $99.00 to $115.00 in a research note on Thursday, February 29th. TheStreet upgraded shares of Beacon Roofing Supply from a “c” rating to a “b-” rating in a research note on Tuesday, February 27th. StockNews.com upgraded shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating in a research report on Wednesday, February 28th. Finally, Stifel Nicolaus upped their price target on shares of Beacon Roofing Supply from $115.00 to $119.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Beacon Roofing Supply has a consensus rating of “Moderate Buy” and an average target price of $97.27.
Check Out Our Latest Report on BECN
Institutional Investors Weigh In On Beacon Roofing Supply
Several institutional investors and hedge funds have recently added to or reduced their stakes in BECN. Summit Trail Advisors LLC lifted its holdings in Beacon Roofing Supply by 1.9% during the fourth quarter. Summit Trail Advisors LLC now owns 6,555 shares of the company’s stock valued at $570,000 after purchasing an additional 121 shares in the last quarter. SummerHaven Investment Management LLC boosted its holdings in Beacon Roofing Supply by 1.5% in the 4th quarter. SummerHaven Investment Management LLC now owns 8,607 shares of the company’s stock worth $749,000 after buying an additional 129 shares during the last quarter. West Tower Group LLC increased its stake in Beacon Roofing Supply by 21.1% during the 4th quarter. West Tower Group LLC now owns 802 shares of the company’s stock worth $70,000 after buying an additional 140 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of Beacon Roofing Supply by 49.4% during the third quarter. Parkside Financial Bank & Trust now owns 487 shares of the company’s stock valued at $38,000 after acquiring an additional 161 shares during the last quarter. Finally, Laurel Wealth Advisors Inc. lifted its position in shares of Beacon Roofing Supply by 2.9% in the fourth quarter. Laurel Wealth Advisors Inc. now owns 5,940 shares of the company’s stock valued at $314,000 after acquiring an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.
Beacon Roofing Supply Company Profile
(Get Free Report)
Beacon Roofing Supply, Inc, together with its subsidiaries, engages in the distribution of residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers in the United States and Canada. The company offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment.
See Also
Receive News & Ratings for Beacon Roofing Supply Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Beacon Roofing Supply and related companies with MarketBeat.com’s FREE daily email newsletter.
www.defenseworld.net
https://www.defenseworld.net/2024/04/02/beacon-roofing-supply-inc-nasdaqbecn-evp-christopher-carl-nelson-sells-3268-shares-of-stock.html
