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Handelsbanken Fonder AB minimize its stake in stocks of Beacon Roofing Provide, Inc. (NASDAQ:BECN – Get Score) through 31.2% within the first quarter, in step with the corporate in its most up-to-date disclosure with the SEC. The company owned 9,495 stocks of the corporate’s inventory after promoting 4,300 stocks all over the quarter. Handelsbanken Fonder AB’s holdings in Beacon Roofing Provide have been value $563,000 as of its most up-to-date submitting with the SEC.
A number of different institutional buyers and hedge finances additionally lately made adjustments to their positions within the corporate. Ellevest Inc. larger its place in stocks of Beacon Roofing Provide through 1,193.9% all over the first quarter. Ellevest Inc. now owns 427 stocks of the corporate’s inventory value $25,000 after buying an extra 394 stocks within the ultimate quarter. Consultant Crew Holdings Inc. raised its stake in stocks of Beacon Roofing Provide through 37.5% within the first quarter. Consultant Crew Holdings Inc. now owns 1,101 stocks of the corporate’s inventory valued at $65,000 after obtaining an extra 300 stocks all over the ultimate quarter. Nisa Funding Advisors LLC purchased a brand new place in stocks of Beacon Roofing Provide within the first quarter valued at roughly $136,000. Barrow Hanley Mewhinney & Strauss LLC grew its place in Beacon Roofing Provide through 43.7% all over the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,411 stocks of the corporate’s inventory value $138,000 after obtaining an extra 733 stocks all over the ultimate quarter. In any case, FourThought Monetary LLC larger its holdings in Beacon Roofing Provide through 10.2% all over the first quarter. FourThought Monetary LLC now owns 2,657 stocks of the corporate’s inventory valued at $158,000 after buying an extra 245 stocks within the ultimate quarter.
Insider Purchasing and Promoting
In different information, main shareholder Cd&R Funding Buddies Ix, purchased 103,931 stocks of the inventory in a transaction on Friday, July twenty ninth. The inventory was once bought at a mean worth of $57.73 in keeping with percentage, with a complete price of $5,999,936.63. Following the crowning glory of the acquisition, the insider now owns 14,859,579 stocks of the corporate’s inventory, valued at $857,843,495.67. The acquisition was once disclosed in a submitting with the SEC, which is out there via this link. 0.95% of the inventory is owned through insiders.
Beacon Roofing Provide Inventory Efficiency
BECN inventory opened at $54.91 on Thursday. Beacon Roofing Provide, Inc. has a twelve month low of $45.71 and a twelve month prime of $65.30. The corporate has a snappy ratio of one.02, a present ratio of one.91 and a debt-to-equity ratio of one.24. The corporate has a marketplace cap of $3.57 billion, a P/E ratio of eleven.66 and a beta of one.79. The trade’s fifty day transferring moderate is $56.84 and its 200-day transferring moderate is $58.51.
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 percentage for the quarter, beating the consensus estimate of $2.36 through $0.44. The company had earnings of $2.36 billion for the quarter, in comparison to analyst estimates of $2.28 billion. Beacon Roofing Provide had a go back on fairness of 29.19% and a internet margin of five.25%. The corporate’s quarterly earnings was once up 26.0% on a year-over-year foundation. Throughout the similar quarter within the prior yr, the company posted $1.59 profits in keeping with percentage. Equities analysis analysts forecast that Beacon Roofing Provide, Inc. will submit 6.9 EPS for the present yr.
Analysts Set New Value Objectives
A number of brokerages have lately commented on BECN. Deutsche Financial institution Aktiengesellschaft started protection on Beacon Roofing Provide in a file on Wednesday, August seventeenth. They set a “purchase” score at the inventory. Wells Fargo & Corporate dropped their goal worth on stocks of Beacon Roofing Provide from $67.00 to $56.00 and set an “equivalent weight” score for the corporate in a analysis word on Tuesday, June twenty eighth. William Blair reduced stocks of Beacon Roofing Provide from an “outperform” score to a “marketplace carry out” score in a file on Tuesday, July nineteenth. Robert W. Baird upped their worth function on Beacon Roofing Provide from $74.00 to $83.00 in a file on Friday, Might sixth. In any case, Royal Financial institution of Canada minimize Beacon Roofing Provide from an “outperform” score to a “sector carry out” score and reduced their goal worth for the corporate from $70.00 to $58.00 in a analysis word on Wednesday, June twenty second. Seven funding analysts have rated the inventory with a hang score and two have issued a purchase score to the corporate. In keeping with information from MarketBeat, the corporate has a consensus score of “Grasp” and a consensus worth goal of $62.43.
About Beacon Roofing Provide
Beacon Roofing Provide, Inc, along side its subsidiaries, distributes residential and non-residential roofing fabrics, and complementary development merchandise to contractors, house developers, development homeowners, lumberyards, and shops. It provides pitched roofing and coffee slope roof merchandise; gutters and sidings; development fabrics, akin to 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 obstacles and blown-in insulation and kit.
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