Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN – Get Free Report) have been given an average rating of “Hold” by the nine brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $86.80.
Several research analysts have recently commented on BECN shares. Jefferies Financial Group lifted their price target on shares of Beacon Roofing Supply from $75.00 to $88.00 and gave the company a “hold” rating in a report on Thursday, July 13th. BMO Capital Markets lifted their target price on shares of Beacon Roofing Supply from $75.00 to $90.00 in a research report on Friday, June 16th. TheStreet downgraded shares of Beacon Roofing Supply from a “b” rating to a “c” rating in a research report on Friday, May 5th. StockNews.com downgraded shares of Beacon Roofing Supply from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th. Finally, Stephens decreased their price objective on shares of Beacon Roofing Supply from $70.00 to $68.00 in a report on Monday, May 8th.
Get Our Latest Stock Analysis on Beacon Roofing Supply
Insider Buying and Selling
In other news, EVP Christopher Carl Nelson sold 8,611 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $72.95, for a total transaction of $628,172.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Christopher Carl Nelson sold 8,611 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $72.95, for a total transaction of $628,172.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Stuart A. Randle sold 10,299 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $72.43, for a total transaction of $745,956.57. Following the transaction, the director now directly owns 31,417 shares in the company, valued at $2,275,533.31. The disclosure for this sale can be found here. Corporate insiders own 0.95% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of BECN. Parkside Financial Bank & Trust bought a new position in shares of Beacon Roofing Supply in the second quarter worth about $27,000. Sandy Spring Bank bought a new position in shares of Beacon Roofing Supply in the 1st quarter worth $29,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Beacon Roofing Supply during the 1st quarter valued at $29,000. Exchange Traded Concepts LLC purchased a new stake in shares of Beacon Roofing Supply during the 1st quarter valued at $36,000. Finally, Arcadia Investment Management Corp MI bought a new position in Beacon Roofing Supply during the first quarter worth about $38,000.
Beacon Roofing Supply Trading Up 1.5 %
Shares of Beacon Roofing Supply stock opened at $78.60 on Monday. The company has a market capitalization of $4.96 billion, a P/E ratio of 15.56, a P/E/G ratio of 1.75 and a beta of 1.65. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.69 and a quick ratio of 1.00. Beacon Roofing Supply has a 1 year low of $50.42 and a 1 year high of $87.46. The business has a 50 day moving average price of $82.34 and a 200 day moving average price of $68.79.
About Beacon Roofing Supply
(Get Free Report
Beacon Roofing Supply, Inc, together with its subsidiaries, engages in 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. It 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.
Further Reading
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