B. Metzler seel. Sohn & Co. AG Grows Stock Holdings in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

B. Metzler seel. Sohn & Co. AG lifted its stake in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN - Free Report) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,792 shares of the company's stock after acquiring an additional 6,677 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned approximately 0.09% of Beacon Roofing Supply worth $5,769,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in Beacon Roofing Supply by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 615,174 shares of the company's stock worth $62,489,000 after purchasing an additional 11,426 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Beacon Roofing Supply during the 4th quarter worth $24,162,000. Barclays PLC increased its stake in shares of Beacon Roofing Supply by 272.0% during the third quarter. Barclays PLC now owns 122,024 shares of the company's stock valued at $10,547,000 after buying an additional 89,222 shares during the period. Fisher Asset Management LLC increased its stake in shares of Beacon Roofing Supply by 2.1% during the fourth quarter. Fisher Asset Management LLC now owns 1,014,087 shares of the company's stock valued at $103,011,000 after buying an additional 20,372 shares during the period. Finally, Boston Partners raised its holdings in shares of Beacon Roofing Supply by 1.3% in the fourth quarter. Boston Partners now owns 4,531,106 shares of the company's stock valued at $462,417,000 after acquiring an additional 59,630 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Beacon Roofing Supply Stock Down 1.0 %

NASDAQ:BECN traded down $1.21 during mid-day trading on Friday, hitting $122.43. 7,914,184 shares of the company's stock traded hands, compared to its average volume of 1,051,952. 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 company has a market capitalization of $7.56 billion, a P/E ratio of 20.93 and a beta of 1.31. The company has a fifty day moving average of $119.17 and a 200 day moving average of $107.31. Beacon Roofing Supply, Inc. has a twelve month low of $77.54 and a twelve month high of $123.90.

Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.86% and a return on equity of 25.32%. The company had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.43 billion. On average, analysts forecast that Beacon Roofing Supply, Inc. will post 7.22 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have commented on BECN. William Blair reissued a "market perform" rating on shares of Beacon Roofing Supply in a research report on Thursday, March 20th. Stifel Nicolaus lowered shares of Beacon Roofing Supply from a "buy" rating to a "hold" rating and cut their price objective for the company from $131.00 to $122.55 in a report on Friday, February 7th. Benchmark reissued a "buy" rating and issued a $140.00 price objective on shares of Beacon Roofing Supply in a research note on Monday, March 3rd. Robert W. Baird increased their target price on Beacon Roofing Supply from $120.00 to $124.00 and gave the company an "outperform" rating in a research report on Friday, February 28th. Finally, Raymond James lowered Beacon Roofing Supply from a "moderate buy" rating to a "hold" rating in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $122.10.

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.