Waypoint Capital Advisors LLC acquired a new interest in Beacon Roofing Supply, Inc. (NASDAQ:BECN – Get Rating) stock during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 44,501 shares of the company’s stock for approximately $2,349,000. Waypoint Capital Advisors LLC owned approximately 0.07% of Beacon Roofing Supply at the time of its most recent filing with the Securities and Exchange Commission.
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A number of other major investors also recently changed their holdings in BECN. Advisor Group Holdings Inc. increased its stake in Beacon Roofing Supply by 37.5% in the first quarter. Advisor Group Holdings Inc. now owns 1,101 shares of the company’s stock, valued at $65,000, after purchasing an additional 300 shares last quarter. Raymond James & Associates increased its stake in Beacon Roofing Supply by 11.6% in the first quarter. Raymond James & Associates now owns 13,449 shares of the company’s stock valued at $797,000 after purchasing an additional 1,397 shares last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in Beacon Roofing Supply stock valued at $317,000 during the first quarter. AlphaCrest Capital Management LLC increased its stake in Beacon Roofing Supply by 4.0% during the first quarter. AlphaCrest Capital Management LLC now owns 7,063 shares of the company’s stock valued at $419,000 after purchasing an additional 273 shares last quarter. Finally, Bank of Montreal Can increased its stake in Beacon Roofing Supply by 27.0% during the first quarter. Bank of Montreal Can now owns 10,659 shares of the company’s stock, valued at $665,000, after purchasing an additional 2,267 shares last quarter.
Beacon Roofing Supply price performance
NASDAQ BECN shares rose $0.68 on Friday afternoon to hit $58.31. 15,390 shares of the company were traded compared to an average volume of 434,414. The company’s 50-day moving average is $59.79 and the two-hundred-day moving average is $57.08. The company has a gearing ratio of 1.01, a current ratio of 2.03 and a quick ratio of 1.08. The company has a market cap of $3.75 billion, a P/E of 10.37 and a beta of 1.58. Beacon Roofing Supply, Inc. has a 1 year low of $45.71 and a 1 year high of $68.31.
Insider buying and selling
In other news, major shareholder Cd&R Investment Associates Ix acquired 107,185 shares of Beacon Roofing Supply in a transaction that took place on Monday, January 30th. The shares were purchased at an average price of $55.98 per share for a total value of $6,000,216.30. Following the transaction, the insider now directly owns 15,072,084 shares of the company’s stock valued at approximately $843,735,262.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.95% of the shares are currently owned by company insiders.
Changes in analyst ratings
BECN has been the subject of several research analyst reports. Robert W. Baird increased his price target on Beacon Roofing Supply shares to $76.00 from $65.00 and gave the stock a “neutral” rating in a research note on Monday, February 27. Zelman & Associates downgraded shares of Beacon Roofing Supply from a “hold” rating to a “sell” rating in a research note on Friday, March 10th. Stifel Nicolaus increased his price target on Beacon Roofing Supply shares to $91.00 from $80.00 and gave the stock a “buy” rating in a research note on Monday, December 19. Stephens increased its price target on Beacon Roofing Supply stock to $73.00 from $65.00 and gave the stock an “equal weight” rating in a research note on Monday, February 27. Finally, Deutsche Bank Aktiengesellschaft raised its price target for shares of Beacon Roofing Supply to $85.00 from $81.00 and issued a buy rating to the stock in a research note on Monday, February 27. One equities research analyst has rated the stock with a sell rating, seven with a hold rating and two with a buy rating. Based on data from MarketBeat, Beacon Roofing Supply has an average rating of Hold and an average target price of $70.57.
Offer profile for Beacon Roofing
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Beacon Roofing Supply, Inc is engaged in the distribution of roofing materials for residential and non-residential buildings. It also sells ancillary building products, including siding, windows, specialty exterior building products, insulation and waterproofing systems for the exterior of buildings. The company was incorporated on August 22, 1997 and is headquartered in Herndon, VA.
See also
Want to see what other hedge funds are holding BECN? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Beacon Roofing Supply, Inc. (NASDAQ:BECN – Get Rating).
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