Beacon Roofing Supply, Inc. (NASDAQ:BECN - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 920,582 shares traded hands during trading, a decline of 5% from the previous session's volume of 972,920 shares.The stock last traded at $123.74 and had previously closed at $123.70.
Analyst Ratings Changes
A number of research analysts have issued reports on the stock. BMO Capital Markets decreased their price target on shares of Beacon Roofing Supply from $136.00 to $130.00 and set an "outperform" rating for the company in a report on Tuesday, March 4th. Benchmark reissued a "buy" rating and set a $140.00 price objective on shares of Beacon Roofing Supply in a research note on Monday, March 3rd. William Blair restated a "market perform" rating on shares of Beacon Roofing Supply in a report on Thursday, March 20th. StockNews.com started coverage on shares of Beacon Roofing Supply in a report on Wednesday. They issued a "sell" rating for the company. 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 analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $122.10.
Get Our Latest Stock Report on Beacon Roofing Supply
Beacon Roofing Supply Trading Down 0.3 %
The business's 50 day simple moving average is $119.09 and its 200 day simple moving average is $107.05. 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 company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 21.07 and a beta of 1.31.
Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $1.65 EPS for the quarter, missing analysts' consensus estimates of $1.66 by ($0.01). The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.43 billion. Beacon Roofing Supply had a net margin of 3.86% and a return on equity of 25.32%. Research analysts anticipate that Beacon Roofing Supply, Inc. will post 7.22 EPS for the current year.
Institutional Trading of Beacon Roofing Supply
Several large investors have recently added to or reduced their stakes in BECN. BNP Paribas Financial Markets grew its position in shares of Beacon Roofing Supply by 23.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 42,441 shares of the company's stock worth $3,668,000 after acquiring an additional 7,924 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Beacon Roofing Supply by 14.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,605 shares of the company's stock valued at $1,262,000 after purchasing an additional 1,828 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Beacon Roofing Supply by 0.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 135,473 shares of the company's stock worth $11,709,000 after buying an additional 647 shares during the period. Captrust Financial Advisors increased its position in Beacon Roofing Supply by 9.2% in the 3rd quarter. Captrust Financial Advisors now owns 22,878 shares of the company's stock valued at $1,977,000 after acquiring an additional 1,937 shares during the period. Finally, Paloma Partners Management Co bought a new stake in Beacon Roofing Supply during the 3rd quarter valued at $216,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.
About Beacon Roofing Supply
(
Get Free Report)
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.
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