Beacon Roofing Supply, Inc. (NASDAQ:BECN) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its position in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECNFree Report) by 14.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153,734 shares of the company’s stock after selling 25,847 shares during the quarter. BNP Paribas Financial Markets owned 0.24% of Beacon Roofing Supply worth $15,069,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BECN. Trexquant Investment LP acquired a new position in Beacon Roofing Supply in the third quarter valued at approximately $377,000. Diversified Trust Co lifted its holdings in Beacon Roofing Supply by 196.5% in the third quarter. Diversified Trust Co now owns 8,698 shares of the company’s stock valued at $671,000 after acquiring an additional 5,764 shares during the period. Graham Capital Management L.P. acquired a new position in Beacon Roofing Supply in the third quarter valued at approximately $1,970,000. American Century Companies Inc. lifted its holdings in Beacon Roofing Supply by 9.3% in the third quarter. American Century Companies Inc. now owns 2,734,447 shares of the company’s stock valued at $211,017,000 after acquiring an additional 233,393 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new position in Beacon Roofing Supply in the third quarter valued at approximately $540,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Beacon Roofing Supply

In related news, EVP Christopher Carl Nelson sold 2,955 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $91.11, for a total transaction of $269,230.05. Following the completion of the transaction, the executive vice president now directly owns 320 shares in the company, valued at approximately $29,155.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on BECN. StockNews.com cut Beacon Roofing Supply from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. BMO Capital Markets boosted their price objective 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. Loop Capital boosted their price objective 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. JPMorgan Chase & Co. boosted their price objective on Beacon Roofing Supply from $100.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, May 28th. Finally, Robert W. Baird boosted their price objective on Beacon Roofing Supply from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $109.45.

Read Our Latest Research Report on BECN

Beacon Roofing Supply Stock Up 1.5 %

Shares of BECN opened at $89.75 on Tuesday. Beacon Roofing Supply, Inc. has a 52-week low of $68.50 and a 52-week high of $103.75. The company has a market capitalization of $5.71 billion, a PE ratio of -142.46 and a beta of 1.58. The stock has a fifty day simple moving average of $94.85 and a two-hundred day simple moving average of $91.41. The company has a quick ratio of 1.02, a current ratio of 1.87 and a debt-to-equity ratio of 1.47.

Beacon Roofing Supply (NASDAQ:BECNGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. The business had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.88 billion. Beacon Roofing Supply had a return on equity of 26.39% and a net margin of 4.47%. As a group, equities analysts forecast that Beacon Roofing Supply, Inc. will post 7.79 EPS for the current year.

About Beacon Roofing Supply

(Free Report)

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.

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Institutional Ownership by Quarter for Beacon Roofing Supply (NASDAQ:BECN)

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