Mirabella Financial Services LLP Acquires New Shares in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Mirabella Financial Services LLP acquired a new stake in Beacon Roofing Supply, Inc. (NASDAQ:BECN - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 2,144 shares of the company's stock, valued at approximately $218,000.

Other large investors have also bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Beacon Roofing Supply during the fourth quarter worth about $31,000. PNC Financial Services Group Inc. lifted its stake in Beacon Roofing Supply by 38.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 591 shares of the company's stock valued at $60,000 after acquiring an additional 163 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Beacon Roofing Supply by 26.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the company's stock worth $73,000 after acquiring an additional 150 shares during the last quarter. Principal Securities Inc. grew its stake in shares of Beacon Roofing Supply by 16.5% during the 4th quarter. Principal Securities Inc. now owns 1,381 shares of the company's stock worth $140,000 after acquiring an additional 196 shares in the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Beacon Roofing Supply in the fourth quarter valued at approximately $152,000. 98.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Christopher Carl Nelson sold 16,595 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president now directly owns 463 shares in the company, valued at approximately $57,231.43. This represents a 97.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jonathan Stuart Bennett sold 8,487 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $122.14, for a total value of $1,036,602.18. Following the completion of the transaction, the insider now owns 22,642 shares in the company, valued at $2,765,493.88. The trade was a 27.26 % decrease in their position. 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 BECN traded up $0.08 during trading hours on Thursday, hitting $124.09. The company had a trading volume of 1,404,728 shares, compared to its average volume of 1,152,228. The business has a fifty day moving average of $120.39 and a 200-day moving average of $110.98. The company has a quick ratio of 1.14, a current ratio of 1.91 and a debt-to-equity ratio of 1.60. The firm has a market cap of $7.67 billion, a price-to-earnings ratio of 21.21 and a beta of 1.31. Beacon Roofing Supply, Inc. has a 12 month low of $77.54 and a 12 month high of $124.17.

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. Equities analysts anticipate that Beacon Roofing Supply, Inc. will post 7.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Zelman & Associates cut shares of Beacon Roofing Supply from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 16th. StockNews.com initiated coverage on Beacon Roofing Supply in a research report on Friday, April 18th. They issued a "sell" rating on the stock. Robert W. Baird increased their price target 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. Baird R W downgraded Beacon Roofing Supply from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 20th. Finally, Loop Capital reiterated a "hold" rating and set a $124.00 price objective on shares of Beacon Roofing Supply in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Beacon Roofing Supply currently has a consensus rating of "Hold" and an average target price of $121.47.

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.