Loomis Sayles & Co. L P Raises Holdings in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Loomis Sayles & Co. L P lifted its position in Beacon Roofing Supply, Inc. (NASDAQ:BECN - Free Report) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 379,145 shares of the company's stock after acquiring an additional 35,512 shares during the quarter. Loomis Sayles & Co. L P owned 0.61% of Beacon Roofing Supply worth $38,514,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted 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 during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Beacon Roofing Supply during the 4th quarter worth approximately $24,162,000. Barclays PLC boosted its holdings in Beacon Roofing Supply by 272.0% during the 3rd quarter. Barclays PLC now owns 122,024 shares of the company's stock valued at $10,547,000 after acquiring an additional 89,222 shares during the period. Fisher Asset Management LLC grew its position in Beacon Roofing Supply by 2.1% in the 4th quarter. Fisher Asset Management LLC now owns 1,014,087 shares of the company's stock valued at $103,011,000 after acquiring an additional 20,372 shares during the last quarter. Finally, Boston Partners increased its stake in Beacon Roofing Supply by 1.3% in the fourth quarter. Boston Partners now owns 4,531,106 shares of the company's stock worth $462,417,000 after purchasing an additional 59,630 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Beacon Roofing Supply Stock Performance

BECN traded up $0.05 on Tuesday, reaching $123.75. 1,878,766 shares of the stock were exchanged, compared to its average volume of 975,728. 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's 50-day moving average price is $118.65 and its 200 day moving average price is $106.53. The firm has a market capitalization of $7.62 billion, a PE ratio of 21.15 and a beta of 1.63. Beacon Roofing Supply, Inc. has a fifty-two week low of $77.54 and a fifty-two week high of $123.90.

Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) last issued 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). Beacon Roofing Supply had a net margin of 3.86% and a return on equity of 25.32%. The firm had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.43 billion. As a group, sell-side analysts forecast that Beacon Roofing Supply, Inc. will post 7.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Robert W. Baird upped their price target on shares of Beacon Roofing Supply from $120.00 to $124.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. StockNews.com initiated coverage on Beacon Roofing Supply in a research note on Tuesday, March 25th. They set a "sell" rating on the stock. Loop Capital reissued a "hold" rating and issued a $124.00 price objective on shares of Beacon Roofing Supply in a research note on Friday, March 21st. Raymond James downgraded Beacon Roofing Supply from a "moderate buy" rating to a "hold" rating in a research report on Friday, March 21st. Finally, Baird R W downgraded shares of Beacon Roofing Supply from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Beacon Roofing Supply presently has a consensus rating of "Hold" and an average target price of $120.95.

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.