KBC Group NV Makes New $612,000 Investment in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

KBC Group NV Makes New $612,000 Investment in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

KBC Group NV obtained a new posture in shares of Beacon Roofing Source, Inc. (NASDAQ:BECN – Get Ranking) in the course of the 3rd quarter, according to the organization in its most the latest 13F filing with the Securities and Exchange Commission. The fund obtained 11,188 shares of the firm’s stock, valued at somewhere around $612,000.

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Various other institutional buyers and hedge funds have also recently bought and offered shares of the inventory. Fox Run Administration L.L.C. obtained a new situation in shares of Beacon Roofing Provide in the 3rd quarter valued at about $283,000. MQS Management LLC acquired a new place in shares of Beacon Roofing Source in the 2nd quarter valued at about $495,000. Point72 Hong Kong Ltd obtained a new placement in shares of Beacon Roofing Provide in the 2nd quarter valued at about $259,000. Alpha Paradigm Companions LLC elevated its holdings in shares of Beacon Roofing Provide by 6.8{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} in the 2nd quarter. Alpha Paradigm Partners LLC now owns 13,704 shares of the firm’s stock valued at $704,000 soon after purchasing an additional 874 shares during the period of time. Finally, Alpha DNA Expenditure Management LLC acquired a new situation in shares of Beacon Roofing Offer in the 2nd quarter valued at about $980,000.

Insiders Location Their Bets

In linked information, main shareholder Cd&R Investment decision Associates Ix, purchased 107,185 shares of the firm’s inventory in a transaction on Monday, January 30th. The stock was purchased at an regular price of $55.98 for each share, with a complete price of $6,000,216.30. Pursuing the completion of the transaction, the insider now straight owns 15,072,084 shares of the firm’s inventory, valued at $843,735,262.32. The transaction was disclosed in a lawful filing with the SEC, which is available at the SEC web page. Company insiders have .95{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} of the company’s stock.

Analysts Established New Price Targets

A amount of brokerages have not long ago weighed in on BECN. StockNews.com started protection on Beacon Roofing Source in a report on Wednesday, October 12th. They issued a “hold” score on the inventory. Stifel Nicolaus boosted their value target on Beacon Roofing Supply from $80.00 to $91.00 and gave the organization a “acquire” ranking in a investigation be aware on Monday, December 19th. Royal Lender of Canada lowered their value goal on Beacon Roofing Supply from $59.00 to $54.00 and established a “sector conduct” score for the business in a investigate notice on Monday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price tag goal on Beacon Roofing Source from $79.00 to $81.00 and gave the firm a “obtain” score in a exploration observe on Tuesday, January 10th. At last, Robert W. Baird lowered their rate concentrate on on Beacon Roofing Provide from $67.00 to $65.00 and set a “neutral” rating for the company in a analysis be aware on Tuesday, January 24th. Seven analysts have rated the stock with a keep rating and two have provided a get ranking to the organization. According to MarketBeat.com, Beacon Roofing Provide has an regular rating of “Maintain” and an normal selling price concentrate on of $65.63.

Beacon Roofing Provide Stock Down .8 {7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7}

Shares of Beacon Roofing Offer stock opened at $59.86 on Tuesday. The inventory has a marketplace capitalization of $3.89 billion, a P/E ratio of 11.00 and a beta of 1.64. The firm has a brief ratio of 1.10, a existing ratio of 1.92 and a personal debt-to-equity ratio of 1.01. The inventory has a 50 working day transferring typical value of $55.49 and a two-hundred working day moving typical selling price of $56.41. Beacon Roofing Offer, Inc. has a 12-month minimal of $45.71 and a 12-month superior of $65.30.

About Beacon Roofing Provide

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Beacon Roofing Provide, Inc engages in the distribution of residential and non-residential roofing materials. It also distributes complementary creating products and solutions such as siding, home windows, specialty exterior developing products, insulation, and waterproofing techniques for setting up exteriors. The company was launched on August 22, 1997 and is headquartered in Herndon, VA.

Even more Looking through

Want to see what other hedge resources are keeping BECN? Pay a visit to HoldingsChannel.com to get the hottest 13F filings and insider trades for Beacon Roofing Provide, Inc. (NASDAQ:BECN – Get Score).

Institutional Ownership by Quarter for Beacon Roofing Supply (NASDAQ:BECN)

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