In the ever-changing world of finance and investing, deciding where to invest your money can be daunting. However, Thrivent Financial for Lutherans appears to have found a promising buy in Beacon Roofing Supply, Inc. (NASDAQ:BECN). According to its recent 13F filing with the SEC, Thrivent Financial for Lutherans acquired a new position in shares of this distributor during the fourth quarter.
Beacon Roofing Supply, Inc. specializes in the distribution of residential and non-residential roofing materials. In addition to roofing materials, the company also offers other building products such as facade cladding, windows, insulation, sealing systems and special exterior building products for construction projects. Beacon Roofing Supply was founded on August 22, 1997 and is headquartered in Herndon, Virginia. It has grown into one of the leading companies in its niche.
The value of Thrivent Financial for Lutherans’ investment is approximately $874,000 consisting of 16,555 shares owned by the Company. This speaks volumes for their confidence in the potential for growth that Beacon Roofing could bring over time.
Wednesday’s market activity report and subsequent analysis shows that Beacon Roofing’s stock opened at $66.00 and has also seen volatility around that level, underscoring the volatility trend following its purchase by Thrivent Financial.
Currently supported by a current ratio of 2.07 and a quick ratio of 1.09; However, Beacon Roofing Supply’s debt to equity ratio is on the higher side at a ratio of one (1). A 50-day simple moving average represents stock trading activity over an interval period calculated from the recorded last closing prices on specific days; As such, Beacon currently holds shares at around $59.30 based on this metric. Additionally, a 200-day simple moving average is used, which shows gradual rising trend support, which currently stands around $58.35.
On February 25, 2021, Beacon Roofing Supply hit its 12-month low of $45.71 and its all-time high of the past year of $68.31. The company has a market cap of approximately $4.21 billion, which translates to an average price-to-earnings ratio of around 12.69. Also, the stock has a beta of 1.57, which can be perceived as LOW volatility due to fluctuations in earnings.
In summary, while some may overlook the roofing industry when making investment decisions, Thrivent Financial for Lutherans’ decision to buy stake in Beacon Roofing Supply Inc. proves otherwise, as the company has successfully combined high quality roofing materials with complementary building products The organization recognized the potential future demand that roofing and building materials products would attract and invested accordingly. This illustrates an astute observation of the inherent future economic factors driving sustainability for organizations through fluctuations in industry trends toward profits that meet their investors’ returns requirements.
Investor Warning: Beacon Roofing Supply is becoming a lucrative investment in building materials distribution
Beacon Roofing Supply, Inc is making waves in the world of roofing and building materials distribution. With a plethora of holdings from institutional investors such as Fox Run Management LLC and Clayton Dubilier & Rice LLC, Beacon Roofing Supply is proving to be a lucrative investment for those looking to put their money in the right company. While market analysts have given BECN’s stock mixed reviews, with some suggesting a “hold” rating while others have issued a “buy” rating, one thing is clear: this company has potential.
Beacon Roofing Supply was founded in 1997 and is based in Herndon, VA. Beacon Roofing Supply sells roofing materials for residential and non-residential buildings. The company also offers complementary products including windows, exterior building products, insulation and waterproofing systems. What sets Beacon Roofing Supply apart from its peers is not only its diverse offering, but also its impressive earnings per share. The company reported earnings per share of $1.22 for the first quarter of 2017, beating market expectations by $0.06.
Insider trading at Beacon Roofing Supply has also recently made headlines. Insider Clement Munroe Best III sold 1,500 shares of the company on May 12 at an average price of $61.00 per share, resulting in a whopping profit of $91,500. In early April, major shareholder Cd&R Investment Associates Ix bought nearly 100,000 shares at an average price of $60.07 each, totaling nearly $6 million.
Given the extensive investment support and impressive earnings reports so far in 2017, as well as the buzz fueled by insider trading activity, investors should keep a close eye on BECN’s future outlook
because it could prove to be one of this year’s hottest investments in building materials distribution.