Fintel reports that Stephens & Co. renewed coverage of Beacon Roofing Supply Inc – (NASDAQ:BECN) on May 8, 2023 with a same weight Recommendation.
Analysts’ price forecast points to an upside potential of 28.99%
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 28.99% increase from the last reported close of 60.36.
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 536 funds or institutions reporting holdings in Beacon Roofing Supply Inc. This represents an increase of 28 owners or 5.51% in the most recent quarter. Average portfolio weight all funds The stake earmarked for BECN is 0.30%, an increase of 16.84%. The total number of shares held by institutions rose 0.52% over the past three months to 74,664,000 shares. BECN’s put/call ratio is 0.74, indicating a bullish outlook.
What are other shareholders doing?
Clayton, Dubilier & Rice holds 15,095,000 shares representing a 23.59% interest in the company. In its previous filing, the company said it owned 14,983,000 shares A rise of 0.74%. The Company elevated increased its portfolio allocation to BECN by 85,584.59% in the last quarter.
American Century Companies holds 3,645,000 shares representing a 5.70% interest in the company. In its previous filing, the company said it owned 2,374,000 shares A rise of 34.86%. The Company elevated increased its portfolio allocation to BECN by 37.49% in the last quarter.
T. Rowe Price Investment Management holds 3,491,000 shares representing a 5.45% interest in the company. In its previous filing, the company said it owned 3,712,000 shares acceptance of 6.32%. The Company reduced increased its portfolio allocation to BECN by 12.85% in the last quarter.
The ASVIX – Small Cap Value Fund investor class holds 1,930,000 shares, representing a 3.02% stake in the company. In its previous filing, the company said it owned 1,410,000 shares A rise of 26.94%. The Company elevated increased its portfolio allocation to BECN by 24.56% in the last quarter.
Fiduciary Management holds 1,756,000 shares representing a 2.74% interest in the company. In its previous filing, the company said it owned 1,795,000 shares acceptance of 2.22%. The Company reduced increased its portfolio allocation to BECN by 9.18% in the last quarter.
Background information on Beacon Roofing Supply
(This description is provided by the company.)
Founded in 1928, Beacon is a publicly traded Fortune 500 distributor of roofing materials and ancillary building products in North America, operating 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 customers, Beacon leverages its extensive 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 enables clients to manage their businesses online.
View all of Beacon Roofing Supply Inc.’s regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.