Barclays PLC Purchases 3,526 Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Barclays PLC grew its stake in Beacon Roofing Supply, Inc. (NASDAQ:BECNFree Report) by 8.0% during the third quarter, Holdings Channel reports. The firm owned 47,672 shares of the company’s stock after purchasing an additional 3,526 shares during the period. Barclays PLC’s holdings in Beacon Roofing Supply were worth $3,678,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Parkside Financial Bank & Trust bought a new position in shares of Beacon Roofing Supply in the second quarter valued at approximately $27,000. Exchange Traded Concepts LLC lifted its holdings in shares of Beacon Roofing Supply by 63.6% in the third quarter. Exchange Traded Concepts LLC now owns 836 shares of the company’s stock valued at $65,000 after purchasing an additional 325 shares in the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of Beacon Roofing Supply by 37.5% in the first 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 in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Beacon Roofing Supply by 43.5% in the second quarter. Osaic Holdings Inc. now owns 2,114 shares of the company’s stock valued at $127,000 after purchasing an additional 641 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of Beacon Roofing Supply by 67.7% in the second quarter. Covestor Ltd now owns 2,137 shares of the company’s stock valued at $178,000 after purchasing an additional 863 shares in the last quarter.

Insiders Place Their Bets

In other Beacon Roofing Supply news, insider Jason L. Taylor sold 1,806 shares of Beacon Roofing Supply stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $88.75, for a total transaction of $160,282.50. Following the completion of the sale, the insider now owns 11,178 shares of the company’s stock, valued at $992,047.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.95% of the company’s stock.

Beacon Roofing Supply Price Performance

Beacon Roofing Supply stock opened at $87.28 on Monday. Beacon Roofing Supply, Inc. has a 52 week low of $54.60 and a 52 week high of $89.39. The business has a 50-day simple moving average of $84.90 and a 200 day simple moving average of $80.30. The company has a quick ratio of 1.05, a current ratio of 1.73 and a debt-to-equity ratio of 1.43. The stock has a market cap of $5.53 billion, a price-to-earnings ratio of -82.34, a PEG ratio of 1.52 and a beta of 1.62.

Analyst Ratings Changes

BECN has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on Beacon Roofing Supply from $103.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, January 11th. StockNews.com lowered Beacon Roofing Supply from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Stifel Nicolaus lifted their price target on Beacon Roofing Supply from $115.00 to $119.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. William Blair upgraded Beacon Roofing Supply from a “market perform” rating to an “outperform” rating in a report on Monday, January 8th. Finally, Truist Financial decreased their target price on Beacon Roofing Supply from $95.00 to $80.00 and set a “hold” rating for the company in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $92.64.

Check Out Our Latest Research Report on Beacon Roofing Supply

About Beacon Roofing Supply

(Free Report)

Beacon Roofing Supply, Inc, together with its subsidiaries, engages in 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. 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.

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

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