Fiera Capital Corp Makes New Investment in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Fiera Capital Corp purchased a new position in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 19,931 shares of the company's stock, valued at approximately $1,723,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Beacon Roofing Supply by 14.1% during the first quarter. Vanguard Group Inc. now owns 7,037,483 shares of the company's stock worth $689,814,000 after purchasing an additional 872,216 shares during the last quarter. Boston Partners lifted its position in shares of Beacon Roofing Supply by 79.6% during the first quarter. Boston Partners now owns 1,285,239 shares of the company's stock worth $126,082,000 after purchasing an additional 569,627 shares during the last quarter. Driehaus Capital Management LLC bought a new position in shares of Beacon Roofing Supply during the second quarter worth about $39,606,000. Jupiter Asset Management Ltd. lifted its position in shares of Beacon Roofing Supply by 1,293.8% during the first quarter. Jupiter Asset Management Ltd. now owns 399,412 shares of the company's stock worth $39,150,000 after purchasing an additional 370,756 shares during the last quarter. Finally, Zimmer Partners LP bought a new position in shares of Beacon Roofing Supply during the first quarter worth about $35,777,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Beacon Roofing Supply

In related news, insider Clement Munroe Best III sold 5,637 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $100.47, for a total transaction of $566,349.39. Following the completion of the sale, the insider now directly owns 69,514 shares in the company, valued at approximately $6,984,071.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Clement Munroe Best III sold 5,637 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $100.47, for a total transaction of $566,349.39. Following the completion of the sale, the insider now directly owns 69,514 shares in the company, valued at approximately $6,984,071.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jason L. Taylor sold 2,600 shares of the firm's stock in a transaction that occurred on 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 transaction, the insider now directly owns 9,131 shares of the company's stock, valued at $821,790. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,274 shares of company stock worth $1,526,146 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Beacon Roofing Supply Price Performance

Shares of NASDAQ BECN traded up $1.04 during mid-day trading on Friday, reaching $103.25. 716,707 shares of the company traded hands, compared to its average volume of 665,184. Beacon Roofing Supply, Inc. has a fifty-two week low of $72.56 and a fifty-two week high of $105.42. 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 firm has a market cap of $6.39 billion, a PE ratio of 17.65 and a beta of 1.54. The stock has a fifty day simple moving average of $89.89 and a 200-day simple moving average of $92.29.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BECN. Robert W. Baird increased their price objective 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. Royal Bank of Canada increased their price objective on shares of Beacon Roofing Supply from $113.00 to $114.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Stephens dropped their price objective on shares of Beacon Roofing Supply from $107.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Monday, August 5th. Benchmark restated a "buy" rating and issued a $140.00 price target on shares of Beacon Roofing Supply in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Beacon Roofing Supply from $110.00 to $119.00 and gave the company an "overweight" rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $115.22.

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.