Segall Bryant & Hamill LLC increased its position in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,214 shares of the company’s stock after acquiring an additional 500 shares during the period. Segall Bryant & Hamill LLC’s holdings in Beacon Roofing Supply were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Csenge Advisory Group bought a new stake in shares of Beacon Roofing Supply in the third quarter valued at approximately $27,000. First Personal Financial Services bought a new stake in Beacon Roofing Supply during the 4th quarter worth approximately $33,000. Paradigm Asset Management Co. LLC bought a new stake in Beacon Roofing Supply during the 3rd quarter worth approximately $51,000. IFP Advisors Inc increased its holdings in Beacon Roofing Supply by 107.6% during the 4th quarter. IFP Advisors Inc now owns 2,076 shares of the company’s stock worth $65,000 after acquiring an additional 1,076 shares during the period. Finally, Lloyds Banking Group plc increased its holdings in Beacon Roofing Supply by 81.6% during the 4th quarter. Lloyds Banking Group plc now owns 2,534 shares of the company’s stock worth $80,000 after acquiring an additional 1,139 shares during the period.
A number of analysts recently weighed in on BECN shares. Zacks Investment Research raised shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Monday, February 4th. Buckingham Research decreased their price target on shares of Beacon Roofing Supply from $38.00 to $31.00 and set a “neutral” rating on the stock in a report on Tuesday, March 26th. Royal Bank of Canada set a $35.00 price target on shares of Beacon Roofing Supply and gave the stock a “hold” rating in a report on Tuesday, March 26th. BidaskClub cut shares of Beacon Roofing Supply from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. Finally, ValuEngine cut shares of Beacon Roofing Supply from a “sell” rating to a “strong sell” rating in a research report on Monday, March 11th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. Beacon Roofing Supply has an average rating of “Hold” and an average price target of $40.12.
In other Beacon Roofing Supply news, major shareholder Cd&R Investment Associates Ix, purchased 5,609,763 shares of Beacon Roofing Supply stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average price of $33.31 per share, for a total transaction of $186,861,205.53. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.
BECN opened at $37.30 on Tuesday. The company has a current ratio of 2.43, a quick ratio of 1.35 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $2.53 billion, a P/E ratio of 13.77, a price-to-earnings-growth ratio of 0.59 and a beta of 1.42. Beacon Roofing Supply, Inc. has a 12-month low of $24.97 and a 12-month high of $53.00.
Beacon Roofing Supply (NASDAQ:BECN) last issued its quarterly earnings results on Thursday, February 7th. The company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.04. The business had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.66 billion. Beacon Roofing Supply had a net margin of 0.43% and a return on equity of 11.19%. The company’s revenue for the quarter was up 53.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 earnings per share. On average, equities research analysts predict that Beacon Roofing Supply, Inc. will post 2.9 earnings per share for the current year.
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Beacon Roofing Supply Company Profile
Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and commercial roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company's residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and solar systems.
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