Beacon Roofing Supply, Inc. LogoValuEngine upgraded stocks of Beacon Roofing Supply (NASDAQ:BECN) from a sell rating to a maintain rating in a research file despatched to traders on Thursday morning, ValuEngine reviews.
A variety of different research analysts have additionally these days weighed in at the organisation. Zacks Investment Research cut Beacon Roofing Supply from a buy rating to a preserve score in a research report on Wednesday, March 27th. Royal Bank of Canada set a $35.00 target rate on Beacon Roofing Supply and gave the stock a hold score in a file on Tuesday, March twenty-sixth. Wedbush reiterated an impartial rating and issued a $33.00 target price on stocks of Beacon Roofing Supply in a document on Wednesday. Buckingham Research reduced their rate objective on Beacon Roofing Supply from $38.00 to $31.00 and set a neutral rating for the company in studies to notice on Tuesday, March 26th. Finally, Raymond James set a $45.00 fee objective on Beacon Roofing Supply and gave the inventory a purchase score in a research word on Tuesday, March twenty-sixth. Thirteen equities research analysts have rated the inventory with a preserve score and 7 have given a purchase rating to the stock. The business enterprise currently has an average score of Hold and a consensus target fee of $40.Forty-one.
Shares of Beacon Roofing Supply stock traded down $0.Forty eight on Thursday, accomplishing $38.85. The stock had a buying and selling volume of 694,666 shares, compared to its common extent of 592,392. Beacon Roofing Supply has a 1 12 months low of $24.97 and a 1 year excessive of $forty six.26. The enterprise has a marketplace cap of $2.Sixty-nine billion, a rate-to-profits ratio of 14.39, a PEG ratio of 0.82 and a beta of one.Forty-seven. The agency has a current ratio of two.27, a brief ratio of one.35 and a debt-to-fairness ratio of 1.62.
Beacon Roofing Supply (NASDAQ: BECN) remaining issued its earnings effects on Tuesday, May seventh. The business enterprise suggested ($0.Forty five) profits in step with share (EPS) for the zone, topping the consensus estimate of ($0.51) via $zero.06. The firm had revenue of $1.43 billion for the region, compared to analysts’ expectancies of $1.38 billion. Beacon Roofing Supply had a net margin of 0.41% and a go back on equity of 10.76%. The commercial enterprise’s revenue changed into up .2% on a 12 months-over-yr basis. During the same region closing 12 months, the commercial enterprise earned ($0.35) profits in step with proportion. On common, sell-aspect analysts expect that Beacon Roofing Supply will submit 2.9 income per proportion for the modern 12 months.
In other Beacon Roofing Supply information, main shareholder Cd&R Investment Associates Ix, bought five,609,763 stocks of the company’s stock in a transaction on Thursday, March 14th. The stock changed into offered at an average price of $33.31 in line with percentage, for a complete transaction of $186,861,205.Fifty-three. The buy became disclosed in a record filed with the Securities & Exchange Commission, which is on the market through this hyperlink. Corporate insiders own 1.20% of the enterprise’s inventory.
Hedge funds have these days made modifications to their positions inside the organization. Vanguard Group Inc. Grew its holdings in Beacon Roofing Supply with the aid of 1.6% inside the third area. Vanguard Group Inc. Now owns five,993,864 stocks of the corporation’s inventory worth $216,918,000 after purchasing a further 96,227 stocks all through the duration. BlackRock Inc. Grew its stake in Beacon Roofing Supply by way of four.3% at some stage in the 4th zone. BlackRock Inc. Now owns 5,031,890 shares of the employer’s stock well worth $159,613,000 after shopping an additional 207,663 stocks in the remaining region. Dimensional Fund Advisors LP grew its stake in Beacon Roofing Supply by way of 14.2% at some point of the first region. Dimensional Fund Advisors LP now owns 4,462,814 shares of the company’s stock worth $143,525,000 after buying a further 555,032 stocks inside the final area. Frontier Capital Management Co. LLC grew its stake in Beacon Roofing Supply by way of 1.1% at some stage in the 4th quarter. Frontier Capital Management Co. LLC now owns 3,788,168 shares of the organization’s inventory really worth $a hundred and twenty,161,000 after shopping an extra 39,929 stocks in the ultimate quarter. Finally, Iridian Asset Management LLC CT received a new role in Beacon Roofing Supply at some point of the first region really worth $104,384,000.
About Beacon Roofing Supply
Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and business roofing materials, and other complementary building substances to contractors, home builders, stores, and constructing substances suppliers. The organization’s residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metallic roofing, felts, artificial underlayment, wood shingles and shakes, nails and fasteners, metallic edgings and flashings, prefabricated flashings, ridges, and soffit vents, and solar systems.