Blair William & Co. IL Acquires 956 Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Blair William & Co. IL increased its stake in Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,333 shares of the company’s stock after acquiring an additional 956 shares during the quarter. Blair William & Co. IL’s holdings in Beacon Roofing Supply were worth $2,269,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Quarry LP grew its holdings in Beacon Roofing Supply by 180.7% in the third quarter. Quarry LP now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 197 shares during the period. SBI Securities Co. Ltd. bought a new position in shares of Beacon Roofing Supply during the 4th quarter worth about $31,000. PNC Financial Services Group Inc. grew its stake in shares of Beacon Roofing Supply by 38.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 591 shares of the company’s stock valued at $60,000 after buying an additional 163 shares during the period. Principal Securities Inc. raised its stake in Beacon Roofing Supply by 16.5% during the 4th quarter. Principal Securities Inc. now owns 1,381 shares of the company’s stock worth $140,000 after buying an additional 196 shares during the period. Finally, Daiwa Securities Group Inc. bought a new position in Beacon Roofing Supply in the fourth quarter worth approximately $152,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Beacon Roofing Supply Stock Up 0.1 %

Shares of NASDAQ:BECN opened at $123.78 on Wednesday. The company has a market capitalization of $7.62 billion, a PE ratio of 21.16 and a beta of 1.63. Beacon Roofing Supply, Inc. has a 1 year low of $77.54 and a 1 year high of $123.90. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.91 and a quick ratio of 1.14. The business has a fifty day moving average price of $118.65 and a two-hundred day moving average price of $106.53.

Beacon Roofing Supply (NASDAQ:BECN) last posted its quarterly earnings data on Thursday, February 27th. The company reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). The company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Beacon Roofing Supply had a return on equity of 25.32% and a net margin of 3.86%. Analysts forecast that Beacon Roofing Supply, Inc. will post 7.22 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Zelman & Associates lowered Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 16th. Stifel Nicolaus lowered shares of Beacon Roofing Supply from a “buy” rating to a “hold” rating and dropped their price objective for the company from $131.00 to $122.55 in a research note on Friday, February 7th. Loop Capital reissued a “hold” rating and set a $124.00 target price on shares of Beacon Roofing Supply in a research report on Friday, March 21st. Baird R W lowered shares of Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 20th. Finally, William Blair reiterated a “market perform” rating on shares of Beacon Roofing Supply in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Beacon Roofing Supply currently has a consensus rating of “Hold” and an average target price of $120.95.

Beacon Roofing Supply Company 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.