Waypoint Capital Advisors LLC Buys New Shares in Beacon Roofing Supply, Inc. (NASDAQ:BECN)
Waypoint Capital Advisors LLC bought a new stake in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN – Get Rating) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 44,501 shares of the company’s stock, valued at approximately $2,349,000. Waypoint Capital Advisors LLC owned approximately 0.07{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} of Beacon Roofing Supply as of its most recent filing with the Securities and Exchange Commission.
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A number of other large investors also recently modified their holdings of BECN. Advisor Group Holdings Inc. lifted its stake in shares of Beacon Roofing Supply by 37.5{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} during the 1st quarter. Advisor Group Holdings Inc. now owns 1,101 shares of the company’s stock valued at $65,000 after buying an additional 300 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Beacon Roofing Supply by 11.6{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} during the 1st quarter. Raymond James & Associates now owns 13,449 shares of the company’s stock valued at $797,000 after buying an additional 1,397 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Beacon Roofing Supply during the 1st quarter valued at $317,000. AlphaCrest Capital Management LLC lifted its stake in shares of Beacon Roofing Supply by 4.0{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} during the 1st quarter. AlphaCrest Capital Management LLC now owns 7,063 shares of the company’s stock valued at $419,000 after buying an additional 273 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in shares of Beacon Roofing Supply by 27.0{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} during the 1st quarter. Bank of Montreal Can now owns 10,659 shares of the company’s stock valued at $665,000 after buying an additional 2,267 shares in the last quarter.
Beacon Roofing Supply Price Performance
Shares of NASDAQ BECN traded up $0.68 during mid-day trading on Friday, hitting $58.31. 15,390 shares of the company’s stock traded hands, compared to its average volume of 434,414. The company’s 50-day moving average is $59.79 and its two-hundred day moving average is $57.08. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.03 and a quick ratio of 1.08. The company has a market capitalization of $3.75 billion, a P/E ratio of 10.37 and a beta of 1.58. Beacon Roofing Supply, Inc. has a 1 year low of $45.71 and a 1 year high of $68.31.
Insider Buying and Selling
In other news, major shareholder Cd&R Investment Associates Ix, acquired 107,185 shares of Beacon Roofing Supply stock in a transaction that occurred on Monday, January 30th. The shares were bought at an average cost of $55.98 per share, with a total value of $6,000,216.30. Following the transaction, the insider now directly owns 15,072,084 shares of the company’s stock, valued at approximately $843,735,262.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.95{7e5ff73c23cd1cd7ac587f9048f78b3ced175b09520fe5fee10055eb3132dce7} of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
BECN has been the topic of several research analyst reports. Robert W. Baird boosted their price target on shares of Beacon Roofing Supply from $65.00 to $76.00 and gave the stock a “neutral” rating in a research note on Monday, February 27th. Zelman & Associates cut shares of Beacon Roofing Supply from a “hold” rating to a “sell” rating in a research note on Friday, March 10th. Stifel Nicolaus boosted 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. Stephens boosted their price target on shares of Beacon Roofing Supply from $65.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Monday, February 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Beacon Roofing Supply from $81.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Beacon Roofing Supply has an average rating of “Hold” and an average target price of $70.57.
Beacon Roofing Supply 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.
See Also
Want to see what other hedge funds are holding BECN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Beacon Roofing Supply, Inc. (NASDAQ:BECN – Get Rating).
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