Beacon Roofing Provide, Inc. (NASDAQ:BECN) Given Consensus Advice of “Grasp” by way of Analysts

Beacon Roofing Provide, Inc. (NASDAQ:BECN – Get Score) has been assigned a median suggestion of “Grasp” from the 10 analysis companies which are masking the inventory, Marketbeat experiences. 5 equities analysis analysts have rated the inventory with a preserve score and two have given a purchase score to the corporate. The common twelve-month goal value amongst analysts that experience issued rankings at the inventory within the ultimate yr is $62.43.

A number of equities analysts have just lately weighed in at the corporate. Wells Fargo & Corporate lowered their goal value on Beacon Roofing Provide from $67.00 to $56.00 and set an “equivalent weight” score at the inventory in a analysis file on Tuesday, June twenty eighth. Deutsche Financial institution Aktiengesellschaft started protection on Beacon Roofing Provide in a analysis file on Wednesday, August seventeenth. They set a “purchase” score at the inventory. Royal Financial institution of Canada downgraded Beacon Roofing Provide from an “outperform” score to a “sector carry out” score and decreased their value function for the inventory from $70.00 to $58.00 in a analysis file on Wednesday, June twenty second. Stephens decreased their value function on Beacon Roofing Provide from $72.00 to $64.00 and set an “equivalent weight” score at the inventory in a analysis file on Monday, August eighth. In any case, JPMorgan Chase & Co. decreased their value function on Beacon Roofing Provide from $66.00 to $59.00 in a analysis file on Friday, July fifteenth.

Insider Purchasing and Promoting at Beacon Roofing Provide

In different Beacon Roofing Provide information, main shareholder Cd&R Funding Buddies Ix, purchased 103,931 stocks of Beacon Roofing Provide inventory in a transaction on Friday, July twenty ninth. The stocks had been purchased at a median value of $57.73 in keeping with proportion, for a complete transaction of $5,999,936.63. Following the finishing touch of the transaction, the insider now immediately owns 14,859,579 stocks of the corporate’s inventory, valued at $857,843,495.67. The acquisition was once disclosed in a report filed with the SEC, which is to be had at the SEC website online. Corporate insiders personal 0.95% of the corporate’s inventory.

Institutional Traders Weigh In On Beacon Roofing Provide

Quite a few institutional buyers have just lately changed their holdings of the corporate. Verition Fund Control LLC received a brand new stake in stocks of Beacon Roofing Provide in the second one quarter valued at $202,000. Captrust Monetary Advisors grew its stake in Beacon Roofing Provide by way of 2.1% all through the 2d quarter. Captrust Monetary Advisors now owns 21,156 stocks of the corporate’s inventory value $1,087,000 after buying an extra 439 stocks within the ultimate quarter. ExodusPoint Capital Control LP received a brand new place in Beacon Roofing Provide all through the 2d quarter value $232,000. Centiva Capital LP received a brand new place in Beacon Roofing Provide all through the 2d quarter value $409,000. In any case, Livforsakringsbolaget Skandia Omsesidigt received a brand new place in Beacon Roofing Provide all through the 2d quarter value $544,000.

Beacon Roofing Provide Inventory Down 1.5 %

Stocks of BECN opened at $53.36 on Monday. The corporate has a present ratio of one.91, a snappy ratio of one.02 and a debt-to-equity ratio of one.24. Beacon Roofing Provide has a 12 month low of $45.71 and a 12 month prime of $65.30. The inventory’s 50 day transferring moderate is $56.98 and its two-hundred day transferring moderate is $58.49. The company has a marketplace cap of $3.47 billion, a P/E ratio of eleven.33 and a beta of one.79.

Beacon Roofing Provide (NASDAQ:BECN – Get Score) ultimate launched its profits effects on Thursday, August 4th. The corporate reported $2.80 profits in keeping with proportion for the quarter, beating the consensus estimate of $2.36 by way of $0.44. The industry had income of $2.36 billion for the quarter, in comparison to the consensus estimate of $2.28 billion. Beacon Roofing Provide had a go back on fairness of 29.19% and a internet margin of five.25%. The industry’s quarterly income was once up 26.0% in comparison to the similar quarter ultimate yr. All the way through the similar quarter ultimate yr, the industry posted $1.59 profits in keeping with proportion. Analysts are expecting that Beacon Roofing Provide will submit 6.9 profits in keeping with proportion for the present fiscal yr.

About Beacon Roofing Provide

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Beacon Roofing Provide, Inc, along with its subsidiaries, distributes residential and non-residential roofing fabrics, and complementary construction merchandise to contractors, house developers, construction homeowners, lumberyards, and outlets. It provides pitched roofing and coffee slope roof merchandise; gutters and sidings; construction fabrics, reminiscent of lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC merchandise; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and industrial insulation merchandise, in addition to radiant boundaries and blown-in insulation and gear.

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