American Century Companies Inc. Sells 382,892 Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN)

American Century Companies Inc. reduced its position in Beacon Roofing Supply, Inc. (NASDAQ:BECN - Free Report) by 11.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,857,790 shares of the company's stock after selling 382,892 shares during the quarter. American Century Companies Inc. owned approximately 4.64% of Beacon Roofing Supply worth $290,294,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC boosted its holdings in Beacon Roofing Supply by 17.6% during the third quarter. FMR LLC now owns 6,435,880 shares of the company's stock valued at $556,253,000 after purchasing an additional 963,633 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of Beacon Roofing Supply by 1,449.0% during the 3rd quarter. Janus Henderson Group PLC now owns 615,593 shares of the company's stock worth $53,205,000 after buying an additional 575,852 shares during the period. Citigroup Inc. boosted its stake in Beacon Roofing Supply by 1,192.1% in the 3rd quarter. Citigroup Inc. now owns 513,692 shares of the company's stock valued at $44,398,000 after buying an additional 473,937 shares in the last quarter. 140 Summer Partners LP acquired a new stake in Beacon Roofing Supply in the 3rd quarter valued at $29,343,000. Finally, Raymond James Financial Inc. bought a new stake in Beacon Roofing Supply in the fourth quarter valued at $24,162,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Beacon Roofing Supply Trading Up 0.0 %

Shares of BECN traded up $0.04 during trading hours on Wednesday, hitting $123.84. 1,948,986 shares of the stock traded hands, compared to its average volume of 903,049. The business has a fifty day moving average of $118.02 and a 200-day moving average of $105.31. The company has a current ratio of 1.91, a quick ratio of 1.14 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $7.63 billion, a PE ratio of 21.17 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.

Remove Ads

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

Analyst Upgrades and Downgrades

BECN has been the subject of a number of analyst reports. StockNews.com assumed coverage on Beacon Roofing Supply in a report on Tuesday. They set a "sell" rating for the company. Baird R W lowered shares of Beacon Roofing Supply from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 20th. Robert W. Baird raised their price objective on shares of Beacon Roofing Supply from $120.00 to $124.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Benchmark reissued a "buy" rating and issued a $140.00 target price on shares of Beacon Roofing Supply in a report on Monday, March 3rd. Finally, Loop Capital reaffirmed a "hold" rating and set a $124.00 price target on shares of Beacon Roofing Supply in a report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Beacon Roofing Supply currently has an average 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.