Beacon Roofing Supply, Inc. (NASDAQ:BECN – Get Free Report) insider Jason L. Taylor sold 2,152 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $78.19, for a total value of $168,264.88. Following the completion of the transaction, the insider now owns 8,689 shares of the company’s stock, valued at $679,392.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Beacon Roofing Supply Stock Performance
Shares of BECN traded down $1.71 during mid-day trading on Friday, hitting $76.97. The stock had a trading volume of 665,133 shares, compared to its average volume of 481,024. The company has a market cap of $4.86 billion, a PE ratio of 15.58, a PEG ratio of 1.70 and a beta of 1.68. Beacon Roofing Supply, Inc. has a fifty-two week low of $50.42 and a fifty-two week high of $87.46. The company has a quick ratio of 1.00, a current ratio of 1.69 and a debt-to-equity ratio of 0.86. The company’s fifty day simple moving average is $81.57 and its two-hundred day simple moving average is $71.00.
Beacon Roofing Supply (NASDAQ:BECN – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $2.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.39. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.50 billion. Beacon Roofing Supply had a return on equity of 25.15% and a net margin of 4.69%. On average, equities analysts expect that Beacon Roofing Supply, Inc. will post 6.91 earnings per share for the current year.
Analysts Set New Price Targets
A number of research firms have recently commented on BECN. Deutsche Bank Aktiengesellschaft upped their price objective on Beacon Roofing Supply from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Truist Financial raised their price objective on Beacon Roofing Supply from $85.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, August 4th. Jefferies Financial Group raised their price objective on Beacon Roofing Supply from $75.00 to $88.00 and gave the stock a “hold” rating in a report on Thursday, July 13th. Raymond James raised their price objective on Beacon Roofing Supply from $75.00 to $95.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. Finally, BMO Capital Markets raised their price objective on Beacon Roofing Supply from $75.00 to $90.00 in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $86.80.
Get Our Latest Stock Analysis on BECN
Institutional Trading of Beacon Roofing Supply
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Parkside Financial Bank & Trust acquired a new position in shares of Beacon Roofing Supply in the 2nd quarter worth $27,000. Sandy Spring Bank acquired a new position in shares of Beacon Roofing Supply in the 1st quarter worth $29,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Beacon Roofing Supply in the 1st quarter worth $29,000. Exchange Traded Concepts LLC acquired a new position in shares of Beacon Roofing Supply in the 1st quarter worth $36,000. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of Beacon Roofing Supply in the 1st quarter worth $38,000.
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.
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