Fintel reports that on May 5, 2023, Deutsche Bank ceased reporting on Beacon Roofing Supply Inc – (NASDAQ:BECN) with a Obtain Recommendation.
Analyst price forecast suggests 31.94% upside
As of April 24, 2023, the average one-year target price for Beacon Roofing Supply Inc is 77.86. Forecasts range from a low of $60.60 to a high of $102.90. The average target price represents a 31.94% increase from the last reported close of 59.01.
Check out our ranking of companies with the biggest price target upside.
Projected annual revenue for Beacon Roofing Supply Inc is $8,621 million, an increase of 1.72%. Projected annual non-GAAP EPS is 6.25.
How is the fund sentiment?
There are 535 funds or institutions reporting holdings in Beacon Roofing Supply Inc – . This is an increase of 42 owners, or 8.52%, over the most recent quarter. Average portfolio weight all funds dedicated to BECN is 0.30%, an increase of 34.32%. The total number of shares held by institutions rose 0.71% over the past three months to 74,657,000 shares. BECN’s put/call ratio is 0.81, indicating a bullish outlook.
What are other shareholders doing?
Clayton, Dubilier & Rice holds 15,095,000 shares representing a 23.47% interest in the company. In its earlier filing, the company said it owned 14,983,000 shares, which this represents A rise of 0.74%. The Company elevated its portfolio allocation to BECN increased by 85,584.59% in the most recent quarter.
American Century Companies holds 3,645,000 shares, representing a 5.67% interest in the company. In its earlier filing, the company said it owned 2,374,000 shares, which this represents A rise of 34.86%. The Company elevated its portfolio allocation to BECN increased by 37.49% in the most recent quarter.
T. Rowe Price Investment Management holds 3,491,000 shares representing a 5.43% interest in the company. In its earlier filing, the company said it owned 3,712,000 shares, which this represents acceptance of 6.32%. The Company reduced its portfolio allocation to BECN increased by 12.85% in the most recent quarter.
ASVIX – Small Cap Value Fund Investor Class holds 1,930,000 shares representing 3.00% of the shares in the company. In its earlier filing, the company said it owned 1,410,000 shares, which this represents A rise of 26.94%. The Company elevated its portfolio allocation to BECN increased by 24.56% in the most recent quarter.
Fiduciary Management holds 1,756,000 shares representing a 2.73% interest in the company. In its earlier filing, the company said it owned 1,795,000 shares, which this represents acceptance of 2.22%. The Company reduced its portfolio allocation to BECN by 9.18% in the most recent quarter.
Beacon Roofing Supply background information
(This description is provided by the company.)
Founded in 1928, Beacon is a publicly traded Fortune 500 roofing materials and ancillary building products retailer in North America with over 400 offices in all 50 states of the United States and 6 provinces in Canada. Serving an extensive customer base of over 90,000, Beacon leverages its vast branch network and diverse service offerings to provide quality products and support throughout the business lifecycle. Beacon offers its own private label TRI-BUILT and has a proprietary digital account management suite, Beacon PRO+, which allows clients to manage their businesses online.
View all Beacon Roofing Supply Inc – Regulatory Filing.
This story originally appeared on Fintel.
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