According to the most recent disclosure that Wedge Capital Management LLP NC made to the SEC
In the form of a Form 13F, the company’s position in Beacon Roofing Supplies, INC (NASDAQ: BECN) was reduced by 3.1% during the fourth quarter. The Company now owns 149,446 shares of the Company after selling 4,770 shares of the Company’s shares during the period.
As of the most recent fiscal quarter, Beacon Roofing Supplies was valued at $7,889,000 in Wedge Capital Management LLP NC’s portfolio of properties.
Besides these institutional investors, other institutional investors have bought and sold company shares. The First Manhattan Company increased its stake in Beacon Roofing Supplies by 4.3% in the first three months of the year. First Manhattan Co now owns 5,633 shares of the company, totaling $333,000, after purchasing an additional 233 shares during the period.
AlphaCrest Capital Management LLC increased its stake in Beacon Roofing Supplies by 4.0 percent during the first three months of the year.
AlphaCrest Capital Management LLC now owns 7,063 shares of the company’s stock valued at $419,000, having purchased an additional 273 shares during the period in question.
In the first quarter, Beacon Roofing Supplies benefited from a 37.5% increase in investment by Adviser Group Holdings INC.
After acquiring an additional 300 shares during the period in question, Advisor Group Holdings INC currently owns 1,101 shares of the company with a total value of US$65,000.
Beacon Roofing Supplies was the beneficiary of a 23.3% increase in DekaBank Deutsche Girozentrale’s stake in the company in the third quarter. After purchasing an additional 309 shares in the last fiscal quarter, DekaBank Deutsche Girozentrale now holds 1,633 shares of the company, valued at $87,000.
Last but not least, Laurel Wealth Advisors INC increased its stake in Beacon Roofing Supplies by 3.0% during the first three months of the year. Having purchased an additional 322 shares in the previous quarter, Laurel Wealth Advisors INC now holds 10,930 shares of the company for $648.
Also on Jan. 30, major shareholder Cd&R Investment Associates Ix bought 107,185 shares of the company.
The total cost of the shares was $6,000.
This breaks down to $216.30, or $55.98 per share.
The business insider now owns 15,072,084 shares, which are currently valued at $843,735,262.32.
The transaction was disclosed through a legal filing with the Securities and Exchange Commission.
This filing can be found on the insider website of the SEC Company, which holds a 0.95% interest in the company.
On Friday, NASDAQ BECN started trading at $56.44.
The gearing ratio is 1.01, the current ratio is 2.03 and the quick ratio is 1.08.
Beacon Roofing Supplies, INC hit a low of $45.71 for the last 52 weeks of trading while the company hit a 52-week high of $68.31.
The company’s market cap is $3.63 billion, price-to-earnings is 10.15, and beta is 1.58.
The company’s fifty-day moving average is $59.49 and its 200-day moving average is $56.97.
BECN has been the focus of investigation in several separate research projects. Stifel Nicolaus gave Beacon Roofing Supplies a “buy” rating and a target price of $91.00 in a research report published Monday, December. Stifel Nicolaus increased his price target on the stock to $91.00 from $80.
Beacon Roofing Supplies was first mentioned on StockNews.com on March 16, 2018.
They elected to maintain their “hold” rating on the company.
Beacon Roofing Supplies was rated “Sell” by Zelman & Associates in a research note published March 10th.
The company had previously received a “Hold” recommendation. Robert W
Baird gave Beacon Roofing Supplies a neutral rating in a research report published Monday 27 February.
The target price that Robert W.
Baird has noted that the stock has gone from $65.00 to $70.00.
Last but not least, Deutsche Bank Aktiengesellschaft raised its price target on Beacon Roofing Supplies stock from $80 in a research report published on Monday, February. Only one of the analysts recommends selling the company, while seven others say it should be held and two say it should be bought.
According to Bloomberg.com, the consensus for Beacon Roofing Supplies is to “Hold” the stock and the consensus-driven target price is $70.57.
Beacon Roofing Supplies, INC is a wholesaler of residential and commercial roofing products. You can get insulation, external waterproofing systems, paneling and windows. Specialty outside of construction is also an option.
The company’s incorporation date was August 22, 1997 and it is currently headquartered in Herndon, Virginia.
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