Blue Trust Inc. Has $28,000 Stock Holdings in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Blue Trust Inc. raised its holdings in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 222.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 306 shares of the company’s stock after purchasing an additional 211 shares during the quarter. Blue Trust Inc.’s holdings in Beacon Roofing Supply were worth $28,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in BECN. PNC Financial Services Group Inc. lifted its holdings 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. Allspring Global Investments Holdings LLC bought a new position in Beacon Roofing Supply during the 1st quarter worth $26,000. Daiwa Securities Group Inc. bought a new position in Beacon Roofing Supply during the 1st quarter worth $118,000. SG Americas Securities LLC increased its position in Beacon Roofing Supply by 128.3% during the 1st quarter. SG Americas Securities LLC now owns 13,155 shares of the company’s stock worth $1,289,000 after buying an additional 7,394 shares during the period. Finally, Swiss National Bank increased its position in Beacon Roofing Supply by 12.4% during the 1st quarter. Swiss National Bank now owns 118,800 shares of the company’s stock worth $11,645,000 after buying an additional 13,100 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Buying and Selling at Beacon Roofing Supply

In other Beacon Roofing Supply news, insider Jason L. Taylor sold 2,600 shares of Beacon Roofing Supply stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $90.00, for a total value of $234,000.00. Following the transaction, the insider now owns 9,131 shares in the company, valued at $821,790. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Beacon Roofing Supply news, CFO Prithvi Gandhi bought 5,000 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were purchased at an average price of $82.29 per share, for a total transaction of $411,450.00. Following the completion of the transaction, the chief financial officer now directly owns 5,000 shares in the company, valued at approximately $411,450. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jason L. Taylor sold 2,600 shares of Beacon Roofing Supply stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $90.00, for a total value of $234,000.00. Following the completion of the transaction, the insider now owns 9,131 shares in the company, valued at approximately $821,790. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Beacon Roofing Supply Stock Up 1.4 %

Shares of NASDAQ BECN opened at $93.34 on Friday. 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 $71.48 and a 52 week high of $105.42. The stock has a market capitalization of $5.78 billion, a P/E ratio of 15.96 and a beta of 1.55. The stock’s fifty day moving average is $88.96 and its 200 day moving average is $92.20.

Beacon Roofing Supply (NASDAQ:BECN) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $2.80 EPS for the quarter, missing analysts’ consensus estimates of $2.88 by ($0.08). Beacon Roofing Supply had a return on equity of 25.64% and a net margin of 3.86%. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.78 billion. Sell-side analysts forecast that Beacon Roofing Supply, Inc. will post 7.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on BECN. Stephens lowered their price objective on Beacon Roofing Supply from $107.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Benchmark reiterated a “buy” rating and set a $140.00 price objective on shares of Beacon Roofing Supply in a research report on Friday. Royal Bank of Canada increased their price objective on Beacon Roofing Supply from $113.00 to $114.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Robert W. Baird increased their price objective on Beacon Roofing Supply from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Beacon Roofing Supply currently has a consensus rating of “Moderate Buy” and an average target price of $115.00.

Beacon Roofing Supply Company 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.