RD Lewis Holdings Inc. Purchases New Shares in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

RD Lewis Holdings Inc. acquired a new stake in Beacon Roofing Supply, Inc. (NASDAQ:BECN - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,664 shares of the company's stock, valued at approximately $1,185,000. Beacon Roofing Supply accounts for about 1.4% of RD Lewis Holdings Inc.'s investment portfolio, making the stock its 26th biggest position.

Several other large investors also recently modified their holdings of BECN. Charles Schwab Investment Management Inc. boosted its stake in shares of Beacon Roofing Supply by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 615,174 shares of the company's stock valued at $62,489,000 after purchasing an additional 11,426 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Beacon Roofing Supply during the 3rd quarter valued at approximately $1,441,000. Raymond James Financial Inc. bought a new stake in shares of Beacon Roofing Supply during the 4th quarter valued at approximately $24,162,000. Barclays PLC grew its holdings in shares of Beacon Roofing Supply by 272.0% during the 3rd quarter. Barclays PLC now owns 122,024 shares of the company's stock valued at $10,547,000 after purchasing an additional 89,222 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Beacon Roofing Supply by 2.1% during the 4th quarter. Fisher Asset Management LLC now owns 1,014,087 shares of the company's stock valued at $103,011,000 after purchasing an additional 20,372 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several equities research analysts recently issued reports on BECN shares. BMO Capital Markets decreased their price target on shares of Beacon Roofing Supply from $136.00 to $130.00 and set an "outperform" rating on the stock in a report on Tuesday, March 4th. Robert W. Baird lifted their price target on shares of Beacon Roofing Supply from $120.00 to $124.00 and gave the company an "outperform" rating in a report on Friday, February 28th. Baird R W lowered shares of Beacon Roofing Supply from a "strong-buy" rating to a "hold" rating in a report on Thursday. William Blair reissued a "market perform" rating on shares of Beacon Roofing Supply in a report on Thursday. Finally, Benchmark reissued a "buy" rating and set a $140.00 target price on shares of Beacon Roofing Supply in a report on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $120.95.

Beacon Roofing Supply Trading Down 0.0 %

Shares of NASDAQ:BECN traded down $0.06 during trading on Friday, reaching $123.77. The stock had a trading volume of 11,309,325 shares, compared to its average volume of 874,003. The firm's fifty day moving average is $117.35 and its 200 day moving average is $104.46. 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 $123.90. The stock has a market cap of $7.62 billion, a price-to-earnings ratio of 21.16 and a beta of 1.63.

Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.01). The business had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.43 billion. Beacon Roofing Supply had a return on equity of 25.32% and a net margin of 3.86%. As a group, equities analysts forecast that Beacon Roofing Supply, Inc. will post 7.22 EPS for the current fiscal year.

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.