Sei Investments Co. Purchases 3,469 Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Sei Investments Co. boosted its holdings in Beacon Roofing Supply, Inc. (NASDAQ:BECN - Free Report) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 316,121 shares of the company's stock after acquiring an additional 3,469 shares during the quarter. Sei Investments Co. owned 0.51% of Beacon Roofing Supply worth $32,112,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP increased its position in shares of Beacon Roofing Supply by 180.7% in the third quarter. Quarry LP now owns 306 shares of the company's stock worth $26,000 after purchasing an additional 197 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Beacon Roofing Supply during the 3rd quarter valued at $28,000. SBI Securities Co. Ltd. purchased a new position in Beacon Roofing Supply in the fourth quarter worth $31,000. PNC Financial Services Group Inc. increased its stake in Beacon Roofing Supply by 38.1% in the fourth 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 during the last quarter. Finally, Principal Securities Inc. raised its position in Beacon Roofing Supply by 16.5% during the fourth quarter. Principal Securities Inc. now owns 1,381 shares of the company's stock valued at $140,000 after purchasing an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Beacon Roofing Supply Trading Down 0.0 %

Shares of Beacon Roofing Supply stock traded down $0.04 during trading on Friday, reaching $123.82. 4,139,511 shares of the stock were exchanged, compared to its average volume of 949,958. Beacon Roofing Supply, Inc. has a 1 year low of $77.54 and a 1 year high of $123.90. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 21.17 and a beta of 1.63. 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 stock's fifty day moving average is $118.50 and its 200 day moving average is $106.05.

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Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $1.65 earnings per share for the quarter, missing analysts' consensus estimates of $1.66 by ($0.01). The business had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.43 billion. Beacon Roofing Supply had a return on equity of 25.32% and a net margin of 3.86%. As a group, equities research analysts expect that Beacon Roofing Supply, Inc. will post 7.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Raymond James cut Beacon Roofing Supply from a "moderate buy" rating to a "hold" rating in a report on Friday, March 21st. Benchmark reissued a "buy" rating and set a $140.00 price target on shares of Beacon Roofing Supply in a research note on Monday, March 3rd. Robert W. Baird upped their price objective on shares of Beacon Roofing Supply from $120.00 to $124.00 and gave the company an "outperform" rating in a research note on Friday, February 28th. Baird R W lowered shares of Beacon Roofing Supply from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 20th. Finally, Zelman & Associates downgraded shares of Beacon Roofing Supply from a "strong-buy" rating to a "hold" rating in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $120.95.

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.