DekaBank Deutsche Girozentrale Purchases 12,500 Shares of Beacon Roofing Supply, Inc. (BECN)

DekaBank Deutsche Girozentrale raised its position in Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 100.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the company’s stock after acquiring an additional 12,500 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Beacon Roofing Supply were worth $1,029,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Advisor Group Inc. grew its position in shares of Beacon Roofing Supply by 25.0% during the third quarter. Advisor Group Inc. now owns 4,848 shares of the company’s stock worth $249,000 after buying an additional 971 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of Beacon Roofing Supply by 0.8% during the third quarter. New York State Common Retirement Fund now owns 206,857 shares of the company’s stock worth $10,601,000 after buying an additional 1,560 shares in the last quarter. Sei Investments Co. grew its position in shares of Beacon Roofing Supply by 197.3% during the third quarter. Sei Investments Co. now owns 228,911 shares of the company’s stock worth $11,750,000 after buying an additional 151,907 shares in the last quarter. Jennison Associates LLC grew its position in shares of Beacon Roofing Supply by 502.2% during the third quarter. Jennison Associates LLC now owns 1,683,096 shares of the company’s stock worth $86,259,000 after buying an additional 1,403,608 shares in the last quarter. Finally, Pax World Management LLC grew its position in shares of Beacon Roofing Supply by 35.9% during the third quarter. Pax World Management LLC now owns 416,305 shares of the company’s stock worth $21,336,000 after buying an additional 109,929 shares in the last quarter. 97.28% of the stock is owned by institutional investors.

BECN has been the subject of a number of recent analyst reports. BidaskClub downgraded shares of Beacon Roofing Supply from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada decreased their price target on shares of Beacon Roofing Supply from $58.00 to $50.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. Jefferies Group LLC raised shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating and raised their price target for the stock from $50.00 to $54.00 in a research report on Friday, August 25th. KeyCorp raised shares of Beacon Roofing Supply from a “sector weight” rating to an “overweight” rating and set a $52.00 price target for the company in a research report on Friday, August 25th. Finally, Northcoast Research raised shares of Beacon Roofing Supply from a “neutral” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Beacon Roofing Supply has a consensus rating of “Buy” and an average target price of $56.58.

Beacon Roofing Supply, Inc. (BECN) opened at $61.29 on Friday. The company has a market cap of $4,020.72, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 0.85 and a beta of 1.45. The company has a quick ratio of 1.36, a current ratio of 2.06 and a debt-to-equity ratio of 0.42. Beacon Roofing Supply, Inc. has a 1-year low of $39.57 and a 1-year high of $61.68.

Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings data on Monday, November 20th. The company reported $0.93 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.01). The business had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.26 billion. Beacon Roofing Supply had a return on equity of 9.09% and a net margin of 2.30%. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 EPS. equities analysts forecast that Beacon Roofing Supply, Inc. will post 2.81 EPS for the current year.

In other Beacon Roofing Supply news, EVP Ross D. Cooper sold 2,000 shares of Beacon Roofing Supply stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $59.75, for a total value of $119,500.00. Following the completion of the transaction, the executive vice president now owns 7,056 shares of the company’s stock, valued at $421,596. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.75% of the company’s stock.

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Beacon Roofing Supply Profile

Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products.

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Institutional Ownership by Quarter for Beacon Roofing Supply (NASDAQ:BECN)

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