Thrivent Financial for Lutherans Has $12.80 Million Stock Holdings in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Thrivent Financial for Lutherans lessened its holdings in Beacon Roofing Supply, Inc. (NASDAQ:BECN - Free Report) by 22.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 126,010 shares of the company's stock after selling 36,684 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.20% of Beacon Roofing Supply worth $12,800,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Quarry LP boosted its stake in Beacon Roofing Supply by 180.7% in the third quarter. Quarry LP now owns 306 shares of the company's stock valued at $26,000 after acquiring an additional 197 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Beacon Roofing Supply in the 3rd quarter valued at $28,000. SBI Securities Co. Ltd. bought a new position in shares of Beacon Roofing Supply in the 4th quarter worth $31,000. PNC Financial Services Group Inc. grew its stake in shares of Beacon Roofing Supply by 38.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 591 shares of the company's stock worth $60,000 after purchasing an additional 163 shares during the period. Finally, Principal Securities Inc. increased its holdings in Beacon Roofing Supply by 16.5% in 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 during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Beacon Roofing Supply Stock Up 0.0 %

BECN traded up $0.04 during trading on Wednesday, hitting $123.84. The company had a trading volume of 1,948,986 shares, compared to its average volume of 900,792. The firm's 50-day moving average price is $118.02 and its 200 day moving average price is $105.31. The company has a market capitalization of $7.63 billion, a PE 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. Beacon Roofing Supply, Inc. has a one year low of $77.54 and a one year high of $123.90.

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Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) last posted its quarterly earnings data 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 return on equity of 25.32% and a net margin of 3.86%. The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.43 billion. As a group, equities analysts expect that Beacon Roofing Supply, Inc. will post 7.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BECN shares. Stifel Nicolaus cut Beacon Roofing Supply from a "buy" rating to a "hold" rating and reduced their target price for the stock from $131.00 to $122.55 in a report on Friday, February 7th. William Blair restated a "market perform" rating on shares of Beacon Roofing Supply in a report on Thursday, March 20th. StockNews.com began coverage on shares of Beacon Roofing Supply in a research note on Tuesday. They issued a "sell" rating for the company. Benchmark reissued a "buy" rating and set a $140.00 price target on shares of Beacon Roofing Supply in a research report on Monday, March 3rd. Finally, Raymond James cut shares of Beacon Roofing Supply from a "moderate buy" rating to a "hold" rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently 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.