SG Americas Securities LLC Purchases 3,863 Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN)

SG Americas Securities LLC grew its position in Beacon Roofing Supply, Inc. (NASDAQ:BECNGet Rating) by 49.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,691 shares of the company’s stock after acquiring an additional 3,863 shares during the quarter. SG Americas Securities LLC’s holdings in Beacon Roofing Supply were worth $640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Advisor Group Holdings Inc. increased its position in shares of Beacon Roofing Supply by 37.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,101 shares of the company’s stock valued at $65,000 after purchasing an additional 300 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Beacon Roofing Supply by 11.6% in the 1st quarter. Raymond James & Associates now owns 13,449 shares of the company’s stock worth $797,000 after buying an additional 1,397 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Beacon Roofing Supply in the 1st quarter worth $317,000. AlphaCrest Capital Management LLC lifted its holdings in shares of Beacon Roofing Supply by 4.0% in the 1st quarter. AlphaCrest Capital Management LLC now owns 7,063 shares of the company’s stock worth $419,000 after buying an additional 273 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Beacon Roofing Supply by 27.0% in the 1st quarter. Bank of Montreal Can now owns 10,659 shares of the company’s stock worth $665,000 after buying an additional 2,267 shares during the period.

Analysts Set New Price Targets

Several brokerages have weighed in on BECN. Royal Bank of Canada lowered their target price on Beacon Roofing Supply from $59.00 to $54.00 and set a “sector perform” rating for the company in a report on Monday, November 7th. Stifel Nicolaus upped their price objective on Beacon Roofing Supply from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Monday, December 19th. Deutsche Bank Aktiengesellschaft upped their price objective on Beacon Roofing Supply from $79.00 to $81.00 and gave the stock a “buy” rating in a research note on Tuesday, January 10th. Robert W. Baird cut Beacon Roofing Supply from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $77.00 to $65.00 in a research note on Friday, October 14th. Finally, StockNews.com initiated coverage on Beacon Roofing Supply in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Beacon Roofing Supply has an average rating of “Hold” and a consensus target price of $65.63.

Insider Activity

In related news, major shareholder Cd&R Investment Associates Ix, bought 105,320 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The shares were purchased at an average cost of $56.97 per share, with a total value of $6,000,080.40. Following the completion of the acquisition, the insider now directly owns 14,964,899 shares in the company, valued at $852,550,296.03. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.95% of the company’s stock.

Beacon Roofing Supply Trading Up 0.6 %

Beacon Roofing Supply stock opened at $53.42 on Friday. The stock has a 50-day moving average of $55.80 and a two-hundred day moving average of $56.28. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.10 and a current ratio of 1.92. The stock has a market cap of $3.48 billion, a PE ratio of 9.82 and a beta of 1.60. Beacon Roofing Supply, Inc. has a one year low of $45.71 and a one year high of $65.30.

Beacon Roofing Supply (NASDAQ:BECNGet Rating) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.15. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.35 billion. Beacon Roofing Supply had a return on equity of 31.40% and a net margin of 5.52%. On average, research analysts anticipate that Beacon Roofing Supply, Inc. will post 7.08 EPS for the current fiscal year.

About Beacon Roofing Supply

(Get Rating)

Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers. It 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.

Recommended Stories

Want to see what other hedge funds are holding BECN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Beacon Roofing Supply, Inc. (NASDAQ:BECNGet Rating).

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

Receive News & Ratings for Beacon Roofing Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beacon Roofing Supply and related companies with MarketBeat.com's FREE daily email newsletter.