State of New Jersey Common Pension Fund D Has $2.02 Million Stock Holdings in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

State of New Jersey Common Pension Fund D decreased its holdings in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,378 shares of the company’s stock after selling 1,545 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Beacon Roofing Supply were worth $2,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BECN. US Bancorp DE lifted its position in shares of Beacon Roofing Supply by 2.3% in the third quarter. US Bancorp DE now owns 5,255 shares of the company’s stock worth $454,000 after buying an additional 116 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Beacon Roofing Supply by 2.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 5,538 shares of the company’s stock valued at $501,000 after purchasing an additional 147 shares during the period. SummerHaven Investment Management LLC boosted its holdings in shares of Beacon Roofing Supply by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 8,874 shares of the company’s stock worth $803,000 after buying an additional 156 shares during the period. Equitable Trust Co. raised its holdings in Beacon Roofing Supply by 2.2% in the 3rd quarter. Equitable Trust Co. now owns 7,106 shares of the company’s stock worth $614,000 after acquiring an additional 156 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Beacon Roofing Supply by 222.1% during the third quarter. Blue Trust Inc. now owns 306 shares of the company’s stock valued at $28,000 after acquiring an additional 211 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

BECN has been the topic of several recent analyst reports. Benchmark reaffirmed a “buy” rating and issued a $140.00 price target on shares of Beacon Roofing Supply in a research report on Friday, November 1st. Royal Bank of Canada upped their price objective on shares of Beacon Roofing Supply from $113.00 to $114.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on Beacon Roofing Supply from $110.00 to $119.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Stephens reduced their price objective on Beacon Roofing Supply from $107.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Finally, Robert W. Baird boosted their price objective on Beacon Roofing Supply from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Beacon Roofing Supply has a consensus rating of “Moderate Buy” and a consensus price target of $115.22.

Beacon Roofing Supply Stock Down 2.2 %

Shares of NASDAQ BECN opened at $98.75 on Friday. The business has a fifty day moving average of $91.58 and a two-hundred day moving average of $92.46. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.14 and a current ratio of 1.91. Beacon Roofing Supply, Inc. has a 52-week low of $77.54 and a 52-week high of $105.84. The stock has a market cap of $6.11 billion, a PE ratio of 16.88 and a beta of 1.54.

Insider Buying and Selling at Beacon Roofing Supply

In other Beacon Roofing Supply news, insider Clement Munroe Best III sold 7,037 shares of Beacon Roofing Supply stock in a transaction on Friday, November 8th. The stock was sold at an average price of $103.14, for a total value of $725,796.18. Following the completion of the transaction, the insider now owns 69,449 shares in the company, valued at approximately $7,162,969.86. The trade was a 9.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jason L. Taylor sold 2,600 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $90.00, for a total value of $234,000.00. Following the sale, the insider now owns 9,131 shares in the company, valued at $821,790. The trade was a 22.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,274 shares of company stock worth $1,526,146 over the last ninety days. Corporate insiders own 1.30% of the company’s stock.

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.