Beacon Roofing Supply, Inc. (NASDAQ:BECN) Stock Holdings Lessened by Swiss National Bank

Swiss National Bank lowered its position in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN - Free Report) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 121,700 shares of the company's stock after selling 2,500 shares during the period. Swiss National Bank owned 0.20% of Beacon Roofing Supply worth $12,362,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Equitable Trust Co. grew its position in Beacon Roofing Supply by 1.7% in the 4th quarter. Equitable Trust Co. now owns 7,228 shares of the company's stock valued at $734,000 after buying an additional 122 shares in the last quarter. PNC Financial Services Group Inc. grew its position 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 buying an additional 163 shares in the last quarter. Cornerstone Investment Partners LLC grew its position in Beacon Roofing Supply by 3.6% in the 4th quarter. Cornerstone Investment Partners LLC now owns 4,730 shares of the company's stock valued at $480,000 after buying an additional 166 shares in the last quarter. HighTower Advisors LLC grew its position in Beacon Roofing Supply by 7.3% in the 3rd quarter. HighTower Advisors LLC now owns 2,665 shares of the company's stock valued at $234,000 after buying an additional 181 shares in the last quarter. Finally, Principal Securities Inc. grew its position in Beacon Roofing Supply by 16.5% in the 4th quarter. Principal Securities Inc. now owns 1,381 shares of the company's stock valued at $140,000 after buying an additional 196 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

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Beacon Roofing Supply Trading Down 0.0 %

BECN stock traded down $0.06 during mid-day trading on Friday, reaching $123.77. 11,309,325 shares of the stock traded hands, compared to its average volume of 875,254. The company has a current ratio of 1.91, a quick ratio of 1.14 and a debt-to-equity ratio of 1.60. Beacon Roofing Supply, Inc. has a 52-week low of $77.54 and a 52-week high of $123.90. The company has a market cap of $7.62 billion, a P/E ratio of 21.16 and a beta of 1.63. The stock's fifty day moving average is $117.35 and its 200-day moving average is $104.59.

Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $2.43 billion. As a group, sell-side analysts expect that Beacon Roofing Supply, Inc. will post 7.22 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BECN. William Blair reiterated a "market perform" rating on shares of Beacon Roofing Supply in a research report on Thursday. Loop Capital reiterated a "hold" rating and issued a $124.00 target price on shares of Beacon Roofing Supply in a research report on Friday. StockNews.com began coverage on shares of Beacon Roofing Supply in a research report on Monday, March 17th. They issued a "sell" rating for the company. Stifel Nicolaus lowered shares of Beacon Roofing Supply from a "buy" rating to a "hold" rating and reduced their price objective for the company from $131.00 to $122.55 in a research report on Friday, February 7th. Finally, Robert W. Baird raised 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 report on Friday, February 28th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target 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.