Shares of Beacon Roofing Provide, Inc. (NASDAQ:BECN – Get Rating) have been assigned a median ranking of “Maintain” from the ten brokerages which might be at present masking the agency, Marketbeat Ratings studies. Six funding analysts have rated the inventory with a maintain ranking and two have assigned a purchase ranking to the corporate. The common 1 yr worth goal amongst brokers which have issued scores on the inventory within the final yr is $65.38.
BECN has been the subject of numerous latest analysis studies. StockNews.com began protection on Beacon Roofing Provide in a analysis report on Wednesday, October twelfth. They set a “maintain” ranking on the inventory. Robert W. Baird minimize Beacon Roofing Provide from an “outperform” ranking to a “impartial” ranking and decreased their worth goal for the corporate from $77.00 to $65.00 in a analysis word on Friday, October 14th. Stifel Nicolaus raised their worth goal on Beacon Roofing Provide from $80.00 to $91.00 and gave the inventory a “purchase” ranking in a analysis word on Monday, December nineteenth. Deutsche Financial institution Aktiengesellschaft decreased their worth goal on Beacon Roofing Provide from $90.00 to $79.00 and set a “purchase” ranking for the corporate in a analysis word on Thursday, October twentieth. Lastly, Royal Financial institution of Canada dropped their goal worth on Beacon Roofing Provide from $59.00 to $54.00 and set a “sector carry out” ranking on the inventory in a report on Monday, November seventh.
Insider Shopping for and Promoting
In associated information, main shareholder Cd&R Funding Associates Ix, purchased 105,320 shares of the inventory in a transaction that occurred on Friday, October twenty eighth. The inventory was bought at a median value of $56.97 per share, with a complete worth of $6,000,080.40. Following the acquisition, the insider now instantly owns 14,964,899 shares of the corporate’s inventory, valued at roughly $852,550,296.03. The acquisition was disclosed in a doc filed with the Securities & Alternate Fee, which is offered at the SEC website. 0.95% of the inventory is at present owned by insiders.
Institutional Inflows and Outflows
A number of institutional buyers and hedge funds have not too long ago made modifications to their positions in BECN. Frontier Capital Administration Co. LLC lifted its holdings in shares of Beacon Roofing Provide by 19.9% within the 2nd quarter. Frontier Capital Administration Co. LLC now owns 1,689,713 shares of the corporate’s inventory valued at $86,784,000 after buying an extra 280,972 shares over the last quarter. Point72 Asset Administration L.P. lifted its holdings in shares of Beacon Roofing Provide by 497.8% within the third quarter. Point72 Asset Administration L.P. now owns 266,600 shares of the corporate’s inventory valued at $14,588,000 after buying an extra 222,000 shares over the last quarter. Nice Lakes Advisors LLC bought a brand new stake in shares of Beacon Roofing Provide within the third quarter valued at about $9,968,000. FMR LLC lifted its holdings in shares of Beacon Roofing Provide by 1.6% within the 2nd quarter. FMR LLC now owns 10,311,211 shares of the corporate’s inventory valued at $529,583,000 after buying an extra 160,181 shares over the last quarter. Lastly, Value T Rowe Associates Inc. MD lifted its holdings in shares of Beacon Roofing Provide by 4.0% within the 2nd quarter. Value T Rowe Associates Inc. MD now owns 2,806,283 shares of the corporate’s inventory valued at $144,131,000 after buying an extra 106,890 shares over the last quarter.
Beacon Roofing Provide Inventory Up 3.0 %
NASDAQ BECN opened at $53.11 on Friday. The inventory’s 50 day transferring common is $56.26 and its 200 day transferring common is $56.09. The corporate has a present ratio of 1.92, a fast ratio of 1.10 and a debt-to-equity ratio of 1.01. Beacon Roofing Provide has a 12 month low of $45.71 and a 12 month excessive of $65.30. The inventory has a market cap of $3.46 billion, a PE ratio of 9.76 and a beta of 1.60.
Beacon Roofing Provide (NASDAQ:BECN – Get Rating) final issued its quarterly earnings knowledge on Thursday, November third. The corporate reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.15. Beacon Roofing Provide had a return on fairness of 31.40% and a web margin of 5.52%. The enterprise had income of $2.42 billion for the quarter, in comparison with analysts’ expectations of $2.35 billion. Analysis analysts predict that Beacon Roofing Provide will put up 7.09 EPS for the present fiscal yr.
Beacon Roofing Provide Firm Profile
Beacon Roofing Provide, Inc, along with its subsidiaries, distributes residential and non-residential roofing supplies, and complementary constructing merchandise to contractors, dwelling builders, constructing house owners, lumberyards, and retailers. It affords pitched roofing and low slope roof merchandise; gutters and sidings; constructing supplies, resembling lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC merchandise; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and business insulation merchandise, in addition to radiant boundaries and blown-in insulation and gear.
This prompt information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to firstname.lastname@example.org.
Earlier than you take into account Beacon Roofing Provide, you may wish to hear this.
MarketBeat retains observe of Wall Avenue’s top-rated and finest performing analysis analysts and the shares they suggest to their purchasers every day. MarketBeat has recognized the five stocks that prime analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and Beacon Roofing Provide wasn’t on the checklist.
Whereas Beacon Roofing Provide at present has a “Maintain” ranking amongst analysts, top-rated analysts consider these 5 shares are higher buys.