Vontobel Holding Ltd. Invests $897,000 in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Vontobel Holding Ltd. purchased a new position in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,379 shares of the company's stock, valued at approximately $897,000.

Other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Beacon Roofing Supply during the first quarter worth $26,000. PNC Financial Services Group Inc. increased its position in shares of Beacon Roofing Supply by 145.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 343 shares of the company's stock valued at $30,000 after acquiring an additional 203 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in shares of Beacon Roofing Supply by 28.4% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 525 shares of the company's stock valued at $52,000 after acquiring an additional 116 shares during the period. GAMMA Investing LLC increased its position in shares of Beacon Roofing Supply by 154.0% in the 3rd quarter. GAMMA Investing LLC now owns 734 shares of the company's stock valued at $63,000 after acquiring an additional 445 shares during the period. Finally, Central Pacific Bank Trust Division increased its position in shares of Beacon Roofing Supply by 66.7% in the 3rd quarter. Central Pacific Bank Trust Division now owns 1,250 shares of the company's stock valued at $108,000 after acquiring an additional 500 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Beacon Roofing Supply news, insider Jason L. Taylor sold 2,600 shares of the firm's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $90.00, for a total value of $234,000.00. Following the completion of the transaction, the insider now owns 9,131 shares of the company's stock, valued at $821,790. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Jason L. Taylor sold 2,600 shares of Beacon Roofing Supply stock in a transaction on Monday, October 7th. The shares were sold at an average price of $90.00, for a total transaction of $234,000.00. Following the completion of the sale, the insider now directly owns 9,131 shares of the company's stock, valued at approximately $821,790. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prithvi Gandhi acquired 5,000 shares of the firm's stock in a transaction dated Wednesday, August 7th. The shares were purchased at an average cost of $82.29 per share, with a total value of $411,450.00. Following the completion of the transaction, the chief financial officer now owns 5,000 shares in the company, valued at approximately $411,450. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by corporate insiders.

Beacon Roofing Supply Price Performance

BECN stock traded down $1.49 during mid-day trading on Monday, reaching $94.15. The company's stock had a trading volume of 489,015 shares, compared to its average volume of 713,452. The company's 50 day moving average is $87.76 and its two-hundred day moving average is $92.45. The stock has a market cap of $5.99 billion, a PE ratio of -149.44 and a beta of 1.55. The company has a current ratio of 1.90, a quick ratio of 1.09 and a debt-to-equity ratio of 1.75. Beacon Roofing Supply, Inc. has a fifty-two week low of $68.50 and a fifty-two week high of $105.42.

Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $2.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.79 by ($0.47). The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.69 billion. Beacon Roofing Supply had a return on equity of 26.02% and a net margin of 4.11%. The firm's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.66 EPS. Equities research analysts expect that Beacon Roofing Supply, Inc. will post 7.37 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on BECN shares. Royal Bank of Canada cut their target price on Beacon Roofing Supply from $119.00 to $113.00 and set an "outperform" rating on the stock in a research report on Friday, August 2nd. Robert W. Baird increased their target price 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. Finally, Stephens lowered their target price 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. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Beacon Roofing Supply has a consensus rating of "Moderate Buy" and a consensus target price of $114.33.

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.