HAP Trading LLC purchased a new stake in Beacon Roofing Supply, Inc. (NASDAQ:BECN) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 26,885 shares of the company’s stock, valued at approximately $1,714,000.
Other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation purchased a new position in shares of Beacon Roofing Supply during the 3rd quarter worth approximately $124,000. Cerebellum GP LLC purchased a new position in shares of Beacon Roofing Supply during the 4th quarter worth approximately $130,000. Keybank National Association OH purchased a new position in shares of Beacon Roofing Supply during the 3rd quarter worth approximately $210,000. CAPROCK Group Inc. purchased a new position in shares of Beacon Roofing Supply during the 4th quarter worth approximately $212,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Beacon Roofing Supply during the 3rd quarter worth approximately $214,000. 99.79% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Paul Isabella sold 40,000 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $60.57, for a total value of $2,422,800.00. Following the sale, the chief executive officer now directly owns 172,046 shares in the company, valued at approximately $10,420,826.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ross D. Cooper sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $59.75, for a total transaction of $119,500.00. Following the completion of the sale, the executive vice president now owns 7,056 shares in the company, valued at $421,596. The disclosure for this sale can be found here. 0.77% of the stock is currently owned by company insiders.
BECN has been the topic of a number of research reports. Wedbush reiterated a “neutral” rating and set a $46.00 target price (down from $52.00) on shares of Beacon Roofing Supply in a report on Friday, November 17th. Citigroup reduced their target price on shares of Beacon Roofing Supply from $65.00 to $60.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Zacks Investment Research upgraded shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Tuesday, January 23rd. Robert W. Baird reiterated an “outperform” rating and set a $70.00 target price (up from $55.00) on shares of Beacon Roofing Supply in a report on Tuesday, November 21st. Finally, BidaskClub upgraded shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating in a report on Friday, December 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $60.45.
Shares of Beacon Roofing Supply, Inc. (BECN) opened at $54.53 on Monday. The stock has a market cap of $3,708.65, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 0.82 and a beta of 1.35. Beacon Roofing Supply, Inc. has a fifty-two week low of $39.57 and a fifty-two week high of $66.47. The company has a current ratio of 4.60, a quick ratio of 3.58 and a debt-to-equity ratio of 1.09.
Beacon Roofing Supply (NASDAQ:BECN) last released its earnings results on Thursday, February 8th. The company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.14. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.10 billion. Beacon Roofing Supply had a net margin of 3.29% and a return on equity of 9.60%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.56 EPS. equities analysts predict that Beacon Roofing Supply, Inc. will post 3.56 earnings per share for the current year.
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Beacon Roofing Supply Company Profile
Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products.
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