Beacon Roofing Provide, Inc. (NASDAQ:BECN – Get Rating) big shareholder Cd&R Expense Associates Ix, bought 102,219 shares of the inventory in a transaction that happened on Friday, April 29th. The shares were being purchased at an average value of $58.70 for each share, for a overall transaction of $6,000,255.30. Pursuing the completion of the acquisition, the insider now owns 14,755,648 shares of the company’s inventory, valued at around $866,156,537.60. The acquisition was disclosed in a submitting with the Securities & Trade Fee, which is available by means of this hyperlink. Big shareholders that own at minimum 10% of a company’s shares are expected to disclose their product sales and buys with the SEC.
Shares of Beacon Roofing Supply stock opened at $59.63 on Friday. The firm has a 50-working day shifting regular of $59.29 and a 200-working day going typical of $56.44. The stock has a sector cap of $4.20 billion, a PE ratio of 22.33 and a beta of 1.91. Beacon Roofing Source, Inc. has a 52-week small of $46.62 and a 52-week higher of $63.64. The organization has a personal debt-to-equity ratio of .94, a quick ratio of 1.08 and a latest ratio of 1.82.
Beacon Roofing Supply (NASDAQ:BECN – Get Rating) last declared its earnings success on Thursday, February 3rd. The organization described $1.28 earnings for each share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $.09. The organization experienced income of $1.75 billion throughout the quarter, in contrast to analysts’ anticipations of $1.57 billion. Beacon Roofing Provide had a internet margin of 3.56% and a return on fairness of 23.98%. Equities investigate analysts forecast that Beacon Roofing Supply, Inc. will submit 5.35 earnings for every share for the recent fiscal yr.
A amount of institutional traders and hedge money have recently acquired and sold shares of BECN. Ellevest Inc. lifted its situation in Beacon Roofing Offer by 1,193.9% for the duration of the very first quarter. Ellevest Inc. now owns 427 shares of the company’s inventory truly worth $25,000 after paying for an further 394 shares in the course of the time period. Trade Traded Ideas LLC acquired a new stake in Beacon Roofing Supply through the fourth quarter worth about $26,000. UBS Team AG lifted its place in Beacon Roofing Provide by 44.5% all through the 3rd quarter. UBS Group AG now owns 1,455 shares of the company’s stock worthy of $69,000 just after acquiring an supplemental 448 shares all through the period of time. Gladius Funds Management LP purchased a new stake in Beacon Roofing Offer for the duration of the fourth quarter value about $92,000. Finally, Nisa Financial commitment Advisors LLC bought a new stake in Beacon Roofing Offer in the course of the initially quarter really worth about $136,000.
BECN has been the subject of a variety of new analyst experiences. Truist Fiscal reduced their goal price on shares of Beacon Roofing Source from $58.00 to $55.00 in a report on Monday, February 7th. JPMorgan Chase & Co. lessened their rate aim on shares of Beacon Roofing Supply from $68.00 to $66.00 and established a “neutral” rating on the stock in a report on Wednesday, April 20th. Robert W. Baird upped their price tag goal on shares of Beacon Roofing Supply from $72.00 to $74.00 in a report on Tuesday, April 12th. Wells Fargo & Business upped their price goal on shares of Beacon Roofing Provide from $59.00 to $67.00 and gave the firm an “equal weight” ranking in a report on Thursday, April 21st. Finally, StockNews.com initiated protection on shares of Beacon Roofing Provide in a report on Thursday, March 31st. They issued a “hold” ranking on the stock. 8 exploration analysts have rated the inventory with a keep rating and 3 have assigned a obtain rating to the stock. In accordance to knowledge from MarketBeat, the business presently has an common score of “Hold” and an average concentrate on value of $62.22.
Beacon Roofing Source Business Profile (Get Rating)
Beacon Roofing Source, Inc, alongside one another with its subsidiaries, distributes residential and non-residential roofing supplies, and complementary creating products to contractors, residence builders, developing proprietors, lumberyards, and shops. It offers pitched roofing and small slope roof products gutters and sidings setting up materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC solutions and foam board, spray foam, roll, batt, mineral wool, fiberglass, and business insulation solutions, as perfectly as radiant limitations and blown-in insulation and tools.
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