Fiduciary Management Inc. WI Sells 6,542 Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Fiduciary Management Inc. WI decreased its position in Beacon Roofing Supply, Inc. (NASDAQ:BECN - Free Report) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,278,557 shares of the company's stock after selling 6,542 shares during the quarter. Fiduciary Management Inc. WI owned 2.07% of Beacon Roofing Supply worth $129,876,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BECN. Vanguard Group Inc. raised its position in Beacon Roofing Supply by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 6,509,495 shares of the company's stock valued at $661,235,000 after buying an additional 24,027 shares during the last quarter. Boston Partners grew its stake in shares of Beacon Roofing Supply by 1.3% during the 4th quarter. Boston Partners now owns 4,531,106 shares of the company's stock worth $462,417,000 after acquiring an additional 59,630 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Beacon Roofing Supply by 7.4% in the fourth quarter. Invesco Ltd. now owns 1,248,349 shares of the company's stock valued at $126,807,000 after purchasing an additional 86,209 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Beacon Roofing Supply by 2.1% in the fourth 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. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Beacon Roofing Supply by 2.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 985,199 shares of the company's stock worth $100,076,000 after purchasing an additional 22,122 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on BECN shares. Baird R W lowered shares of Beacon Roofing Supply from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 20th. Stifel Nicolaus downgraded Beacon Roofing Supply from a "buy" rating to a "hold" rating and lowered their target price for the company from $131.00 to $122.55 in a research report on Friday, February 7th. Royal Bank of Canada cut Beacon Roofing Supply from an "outperform" rating to a "sector perform" rating and increased their price target for the company from $124.00 to $124.35 in a research report on Wednesday, April 2nd. Raymond James lowered Beacon Roofing Supply from a "moderate buy" rating to a "hold" rating in a research report on Friday, March 21st. Finally, Benchmark reissued a "buy" rating and issued a $140.00 price objective on shares of Beacon Roofing Supply in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Beacon Roofing Supply presently has a consensus rating of "Hold" and a consensus target price of $121.47.

Insider Buying and Selling

In other Beacon Roofing Supply news, insider Jonathan Stuart Bennett sold 8,487 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $122.14, for a total value of $1,036,602.18. Following the completion of the sale, the insider now owns 22,642 shares of the company's stock, valued at $2,765,493.88. The trade was a 27.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher Carl Nelson sold 16,595 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $123.61, for a total transaction of $2,051,307.95. Following the transaction, the executive vice president now directly owns 463 shares in the company, valued at $57,231.43. This represents a 97.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,806 shares of company stock valued at $6,745,448. Insiders own 1.30% of the company's stock.

Beacon Roofing Supply Stock Performance

Shares of NASDAQ:BECN traded up $0.02 on Thursday, hitting $124.03. The company had a trading volume of 1,012,163 shares, compared to its average volume of 1,148,154. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 21.20 and a beta of 1.31. The stock has a 50 day moving average price of $120.39 and a 200 day moving average price of $110.98. Beacon Roofing Supply, Inc. has a 1-year low of $77.54 and a 1-year high of $124.17. The company has a current ratio of 1.91, a quick ratio of 1.14 and a debt-to-equity ratio of 1.60.

Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) last released its quarterly earnings results 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). 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 the consensus estimate of $2.43 billion. Analysts expect that Beacon Roofing Supply, Inc. will post 7.22 EPS for the current year.

About Beacon Roofing Supply

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.