Virginia Retirement Methods ET AL diminished its stake in Beacon Roofing Provide, Inc. (NASDAQ:BECN – Get Ranking) through 2.1% all through the primary quarter, in line with its most up-to-date 13F submitting with the Securities and Alternate Fee (SEC). The institutional investor owned 13,800 stocks of the corporate’s inventory after promoting 300 stocks all through the duration. Virginia Retirement Methods ET AL’s holdings in Beacon Roofing Provide have been price $818,000 on the finish of the latest reporting duration.
A lot of different hedge budget additionally not too long ago changed their holdings of the trade. Allspring World Investments Holdings LLC bought a brand new stake in stocks of Beacon Roofing Provide within the 4th quarter price roughly $1,394,000. Citigroup Inc. lifted its place in stocks of Beacon Roofing Provide through 18.3% within the 4th quarter. Citigroup Inc. now owns 35,158 stocks of the corporate’s inventory price $2,016,000 after buying an extra 5,447 stocks all through the duration. Kendall Capital Control bought a brand new stake in stocks of Beacon Roofing Provide within the 4th quarter price roughly $258,000. Frontier Capital Control Co. LLC lifted its place in stocks of Beacon Roofing Provide through 0.7% within the 1st quarter. Frontier Capital Control Co. LLC now owns 1,408,741 stocks of the corporate’s inventory price $83,510,000 after buying an extra 9,922 stocks all through the duration. In spite of everything, Barclays PLC lifted its place in stocks of Beacon Roofing Provide through 110.2% within the 4th quarter. Barclays PLC now owns 91,584 stocks of the corporate’s inventory price $5,253,000 after buying an extra 48,008 stocks all through the duration.
A number of equities analysis analysts have not too long ago weighed in on BECN stocks. Robert W. Baird upped their payment goal on stocks of Beacon Roofing Provide from $74.00 to $83.00 in a analysis document on Friday, Would possibly sixth. StockNews.com began protection on stocks of Beacon Roofing Provide in a analysis document on Thursday, March thirty first. They set a “dangle” ranking for the corporate. JPMorgan Chase & Co. lowered their goal payment on stocks of Beacon Roofing Provide from $68.00 to $66.00 and set a “impartial” ranking for the corporate in a analysis document on Wednesday, April twentieth. Royal Financial institution of Canada lower stocks of Beacon Roofing Provide from an “outperform” ranking to a “sector carry out” ranking and lowered their goal payment for the corporate from $70.00 to $58.00 in a analysis document on Wednesday, June twenty second. In spite of everything, Wells Fargo & Corporate lowered their goal payment on stocks of Beacon Roofing Provide from $67.00 to $56.00 and set an “equivalent weight” ranking for the corporate in a analysis document on Tuesday, June twenty eighth. 8 funding analysts have rated the inventory with a dangle ranking and two have assigned a purchase ranking to the corporate’s inventory. Consistent with information from MarketBeat.com, the inventory at this time has a mean ranking of “Hang” and a consensus goal payment of $62.25.
In different Beacon Roofing Provide information, primary shareholder Cd&R Funding Mates Ix, obtained 102,219 stocks of the trade’s inventory in a transaction dated Friday, April twenty ninth. The stocks have been bought at a mean payment of $58.70 in step with proportion, for a complete transaction of $6,000,255.30. Following the of entirety of the acquisition, the insider now without delay owns 14,755,648 stocks of the corporate’s inventory, valued at $866,156,537.60. The purchase was once disclosed in a submitting with the SEC, which is to be had via the SEC web page. Company insiders personal 0.95% of the corporate’s inventory.
Stocks of Beacon Roofing Provide inventory opened at $55.26 on Friday. The corporate has a present ratio of one.85, a snappy ratio of 0.92 and a debt-to-equity ratio of one.01. Beacon Roofing Provide, Inc. has a 12-month low of $45.71 and a 12-month top of $65.30. The company has a marketplace capitalization of $3.80 billion, a price-to-earnings ratio of 15.97 and a beta of one.78. The company’s 50 day easy transferring moderate is $57.92 and its two-hundred day easy transferring moderate is $57.66.
Beacon Roofing Provide (NASDAQ:BECN – Get Ranking) closing issued its quarterly income effects on Thursday, Would possibly fifth. The corporate reported $0.89 income in step with proportion (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 through $0.40. Beacon Roofing Provide had a web margin of four.24% and a go back on fairness of 26.21%. The trade had earnings of $1.69 billion for the quarter, in comparison to analyst estimates of $1.43 billion. On moderate, sell-side analysts expect that Beacon Roofing Provide, Inc. will put up 6.58 EPS for the present fiscal 12 months.
About Beacon Roofing Provide (Get Ranking)
Beacon Roofing Provide, Inc, in conjunction with 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, similar 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 limitations and blown-in insulation and gear.
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