Beacon Roofing Supply, Inc. LogoValuEngine upgraded stocks of Beacon Roofing Supply (NASDAQ: BECN) from a sell rating to a maintained rating in a research file despatched to traders on Thursday morning, ValuEngine reviews. Various research analysts have additionally these days weighed in on the organization.
Zacks Investment Research cut Beacon Roofing Supply from a buy rating to a preserve score in a research report on Wednesday, March twenty-seventh. 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 stores 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 twenty-sixth. 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 rated the list with a preserve score, and seven gave the stock a purchase rating.
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 store had a buying and selling volume of 694,666 shares, compared to its common extent of 592,392. Beacon Roofing Supply has a 12-month 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 one beta.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 return on equity of 10.76%. The commercial enterprise’s revenue increased by .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 Beacon Roofing Supply to 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 fourteenth. The store was offered at an average price of $33.31, in line with the percentage, for a complete transaction of $186,861,205.Fifty-three. The buy was 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 96,227 stocks throughout 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 stores in the remaining region. Dimensional Fund Advisors
LP grew its stake in Beacon Roofing Supply by 14.2% at some point in the first region. Dimensional Fund Advisors LP now owns 4,462,814 shares of the company’s stock worth $143,525,000 after buying 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, worth $ 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 in the first region, worth $104,384,000.
About Beacon Roofing Supply
Beacon Roofing Supply, Inc. and its subsidiaries distribute residential and business roofing materials and other complementary building substances to contractors, home builders, stores, and construction substances suppliers. The organization organization’s 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.