Vanguard Personalized Indexing Management LLC Has $501,000 Holdings in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Vanguard Personalized Indexing Management LLC grew its position in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,538 shares of the company’s stock after acquiring an additional 147 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Beacon Roofing Supply were worth $501,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Caprock Group LLC increased its stake in Beacon Roofing Supply by 1.3% during the 1st quarter. Caprock Group LLC now owns 8,777 shares of the company’s stock valued at $860,000 after purchasing an additional 111 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Beacon Roofing Supply by 28.4% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 525 shares of the company’s stock worth $52,000 after acquiring an additional 116 shares in the last quarter. SummerHaven Investment Management LLC raised its holdings in shares of Beacon Roofing Supply by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 8,874 shares of the company’s stock worth $803,000 after acquiring an additional 156 shares during the last quarter. QRG Capital Management Inc. lifted its position in Beacon Roofing Supply by 1.5% in the 1st quarter. QRG Capital Management Inc. now owns 10,475 shares of the company’s stock valued at $1,027,000 after acquiring an additional 157 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Beacon Roofing Supply by 145.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 343 shares of the company’s stock valued at $30,000 after purchasing an additional 203 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on BECN. Robert W. Baird dropped their target price on Beacon Roofing Supply from $117.00 to $115.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. Royal Bank of Canada dropped their price objective on Beacon Roofing Supply from $119.00 to $113.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Stephens reduced their target price on shares of Beacon Roofing Supply from $107.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Beacon Roofing Supply presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.30.

Insider Transactions at Beacon Roofing Supply

In other news, CFO Prithvi Gandhi acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost of $82.29 per share, for a total transaction of $411,450.00. Following the purchase, the chief financial officer now owns 5,000 shares of the company’s stock, valued at approximately $411,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Beacon Roofing Supply news, CFO Prithvi Gandhi bought 5,000 shares of Beacon Roofing Supply stock in a transaction dated Wednesday, August 7th. The stock was purchased at an average price of $82.29 per share, for a total transaction of $411,450.00. Following the completion of the purchase, the chief financial officer now directly owns 5,000 shares of the company’s stock, valued at $411,450. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Christopher Carl Nelson sold 1,627 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $85.00, for a total transaction of $138,295.00. Following the completion of the sale, the executive vice president now directly owns 320 shares in the company, valued at approximately $27,200. The disclosure for this sale can be found here. 1.30% of the stock is owned by corporate insiders.

Beacon Roofing Supply Stock Performance

NASDAQ BECN opened at $87.55 on Friday. The company has a market capitalization of $5.42 billion, a PE ratio of -138.97 and a beta of 1.55. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.09 and a current ratio of 1.90. Beacon Roofing Supply, Inc. has a 52-week low of $68.50 and a 52-week high of $105.42. The company has a 50-day simple moving average of $88.15 and a 200 day simple moving average of $92.74.

Beacon Roofing Supply (NASDAQ:BECN) last posted its quarterly earnings results on Thursday, August 1st. The company reported $2.32 EPS for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.47). Beacon Roofing Supply had a return on equity of 26.02% and a net margin of 4.11%. The company had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.69 billion. During the same period last year, the firm posted $2.66 EPS. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, research analysts predict that Beacon Roofing Supply, Inc. will post 7.39 EPS for the current year.

Beacon Roofing Supply Profile

Beacon Roofing Supply, Inc, together with its subsidiaries, engages in the distribution of residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers in the United States and Canada. The company offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment.