Beacon Roofing Supply, Inc. (NASDAQ:BECN) Shares Sold by Keeley Teton Advisors LLC
Keeley Teton Advisors LLC lessened its position in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN – Get Rating) by 8.7{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,539 shares of the company’s stock after selling 3,196 shares during the quarter. Keeley Teton Advisors LLC owned approximately 0.05{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} of Beacon Roofing Supply worth $1,835,000 at the end of the most recent reporting period.
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Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clayton Dubilier & Rice LLC lifted its holdings in Beacon Roofing Supply by 0.7{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} during the third quarter. Clayton Dubilier & Rice LLC now owns 14,878,067 shares of the company’s stock valued at $814,128,000 after purchasing an additional 103,931 shares in the last quarter. FMR LLC lifted its holdings in Beacon Roofing Supply by 1.6{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} during the second quarter. FMR LLC now owns 10,311,211 shares of the company’s stock valued at $529,583,000 after purchasing an additional 160,181 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Beacon Roofing Supply by 4.0{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} during the second quarter. Price T Rowe Associates Inc. MD now owns 2,806,283 shares of the company’s stock valued at $144,131,000 after purchasing an additional 106,890 shares in the last quarter. State Street Corp lifted its stake in shares of Beacon Roofing Supply by 3.5{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} in the first quarter. State Street Corp now owns 1,132,944 shares of the company’s stock worth $67,161,000 after buying an additional 37,862 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Beacon Roofing Supply by 3.9{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} in the first quarter. Charles Schwab Investment Management Inc. now owns 622,837 shares of the company’s stock worth $36,922,000 after buying an additional 23,163 shares in the last quarter.
Beacon Roofing Supply Price Performance
Shares of BECN opened at $58.57 on Wednesday. Beacon Roofing Supply, Inc. has a 1-year low of $45.71 and a 1-year high of $65.30. The stock has a market cap of $3.81 billion, a PE ratio of 10.77 and a beta of 1.64. The firm has a 50-day simple moving average of $56.07 and a two-hundred day simple moving average of $56.52. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.92 and a quick ratio of 1.10.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on BECN. Zelman & Associates began coverage on shares of Beacon Roofing Supply in a research note on Tuesday, February 7th. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Beacon Roofing Supply from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, January 10th. Royal Bank of Canada decreased their price target on shares of Beacon Roofing Supply from $59.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Monday, November 7th. Robert W. Baird decreased their price target on shares of Beacon Roofing Supply from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 24th. Finally, Stifel Nicolaus raised their price target on shares of Beacon Roofing Supply from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, December 19th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $67.14.
Insider Buying and Selling at Beacon Roofing Supply
In related news, major shareholder Cd&R Investment Associates Ix, purchased 107,185 shares of the company’s stock in a transaction on Monday, January 30th. The stock was acquired at an average cost of $55.98 per share, for a total transaction of $6,000,216.30. Following the completion of the transaction, the insider now directly owns 15,072,084 shares in the company, valued at $843,735,262.32. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.95{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} of the company’s stock.
Beacon Roofing Supply Company Profile
Beacon Roofing Supply, Inc engages in the distribution of residential and non-residential roofing materials. It also distributes complementary building products including siding, windows, specialty exterior building products, insulation, and waterproofing systems for building exteriors. The company was founded on August 22, 1997 and is headquartered in Herndon, VA.
Further Reading
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