B. Metzler seel. Sohn & Co. Holding AG Invests $4.33 Million in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Beacon Roofing Supply, Inc. (NASDAQ:BECN - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 50,115 shares of the company's stock, valued at approximately $4,331,000. B. Metzler seel. Sohn & Co. Holding AG owned approximately 0.08% of Beacon Roofing Supply at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BECN. Allspring Global Investments Holdings LLC bought a new stake in shares of Beacon Roofing Supply during the 1st quarter worth approximately $26,000. Blue Trust Inc. boosted its holdings in shares of Beacon Roofing Supply by 222.1% in the 3rd quarter. Blue Trust Inc. now owns 306 shares of the company's stock valued at $28,000 after purchasing an additional 211 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Beacon Roofing Supply by 154.0% in the 3rd quarter. GAMMA Investing LLC now owns 734 shares of the company's stock valued at $63,000 after purchasing an additional 445 shares during the last quarter. Plato Investment Management Ltd increased its stake in shares of Beacon Roofing Supply by 140.3% in the 1st quarter. Plato Investment Management Ltd now owns 1,110 shares of the company's stock valued at $109,000 after purchasing an additional 648 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its position in shares of Beacon Roofing Supply by 66.7% during the 3rd quarter. Central Pacific Bank Trust Division now owns 1,250 shares of the company's stock worth $108,000 after buying an additional 500 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BECN has been the subject of several research analyst reports. Benchmark reissued a "buy" rating and set a $140.00 target price on shares of Beacon Roofing Supply in a research note on Friday, November 1st. JPMorgan Chase & Co. raised their target price on shares of Beacon Roofing Supply from $119.00 to $136.00 and gave the company an "overweight" rating in a research report on Tuesday. Robert W. Baird boosted their target price on shares of Beacon Roofing Supply from $115.00 to $120.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Stephens reiterated an "equal weight" rating and issued a $103.00 price target on shares of Beacon Roofing Supply in a research note on Tuesday. Finally, Royal Bank of Canada boosted their price objective on Beacon Roofing Supply from $113.00 to $114.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Beacon Roofing Supply has a consensus rating of "Moderate Buy" and an average target price of $118.00.

Beacon Roofing Supply Stock Down 0.3 %

Beacon Roofing Supply stock opened at $108.94 on Thursday. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 18.62 and a beta of 1.54. Beacon Roofing Supply, Inc. has a 52-week low of $77.54 and a 52-week high of $116.30. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.14 and a current ratio of 1.91. The firm has a 50 day moving average price of $93.31 and a two-hundred day moving average price of $92.71.

Insider Buying and Selling

In other Beacon Roofing Supply news, insider Jason L. Taylor sold 2,600 shares of the stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $90.00, for a total transaction of $234,000.00. Following the completion of the sale, the insider now directly owns 9,131 shares in the company, valued at approximately $821,790. This trade represents a 22.16 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Clement Munroe Best III sold 7,037 shares of Beacon Roofing Supply stock in a transaction that occurred 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 sale, the insider now owns 69,449 shares of the company's stock, valued at approximately $7,162,969.86. The trade was a 9.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,874 shares of company stock valued at $1,812,146 over the last quarter. 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.