Beacon Roofing Supply, Inc. (NASDAQ:BECN) Shares Bought by Natixis Advisors L.P.

Natixis Advisors L.P. increased its holdings in Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 6.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 113,123 shares of the company’s stock after purchasing an additional 6,699 shares during the quarter. Natixis Advisors L.P.’s holdings in Beacon Roofing Supply were worth $9,843,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its holdings in shares of Beacon Roofing Supply by 49.4% during the third quarter. Parkside Financial Bank & Trust now owns 487 shares of the company’s stock valued at $38,000 after acquiring an additional 161 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Beacon Roofing Supply during the third quarter valued at approximately $98,000. CI Investments Inc. acquired a new position in shares of Beacon Roofing Supply during the third quarter valued at approximately $157,000. AlphaMark Advisors LLC acquired a new position in shares of Beacon Roofing Supply during the third quarter valued at approximately $244,000. Finally, Pearl River Capital LLC purchased a new stake in shares of Beacon Roofing Supply in the third quarter valued at approximately $252,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

BECN has been the subject of a number of analyst reports. Truist Financial upped their price target on Beacon Roofing Supply from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Friday, May 3rd. BMO Capital Markets upped their price target on Beacon Roofing Supply from $95.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. TheStreet upgraded Beacon Roofing Supply from a “c” rating to a “b-” rating in a research report on Tuesday, February 27th. Loop Capital upped their price target on Beacon Roofing Supply from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Finally, Benchmark initiated coverage on Beacon Roofing Supply in a research report on Thursday, April 18th. They issued a “buy” rating and a $135.00 price target for the company. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.64.

Beacon Roofing Supply Trading Down 1.7 %

Shares of Beacon Roofing Supply stock opened at $92.28 on Thursday. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of -146.48 and a beta of 1.59. Beacon Roofing Supply, Inc. has a fifty-two week low of $57.88 and a fifty-two week high of $103.75. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.06 and a current ratio of 1.85. The stock has a 50 day moving average of $94.16 and a 200 day moving average of $86.48.

Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings results on Tuesday, February 27th. The company reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.22). Beacon Roofing Supply had a return on equity of 26.31% and a net margin of 4.47%. The firm had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the company earned $1.18 earnings per share. The firm’s revenue for the quarter was up 16.8% on a year-over-year basis. As a group, research analysts predict that Beacon Roofing Supply, Inc. will post 7.78 earnings per share for the current year.

Insiders Place Their Bets

In other Beacon Roofing Supply news, EVP Christopher Carl Nelson sold 3,268 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $93.87, for a total transaction of $306,767.16. Following the transaction, the executive vice president now directly owns 176 shares in the company, valued at $16,521.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Christopher Carl Nelson sold 3,268 shares of the stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $93.87, for a total value of $306,767.16. Following the sale, the executive vice president now directly owns 176 shares in the company, valued at $16,521.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jason L. Taylor sold 1,805 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $95.00, for a total value of $171,475.00. Following the completion of the sale, the insider now owns 10,531 shares in the company, valued at $1,000,445. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Beacon Roofing Supply Profile

Beacon Roofing Supply, Inc, together with its subsidiaries, engages in the distribution of residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers in the United States and Canada. The company offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment.