Barclays PLC Purchases 1,744 Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Barclays PLC raised its holdings in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 123,768 shares of the company’s stock after purchasing an additional 1,744 shares during the quarter. Barclays PLC owned 0.20% of Beacon Roofing Supply worth $12,572,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new position in Beacon Roofing Supply in the fourth quarter worth about $31,000. PNC Financial Services Group Inc. boosted its stake in Beacon Roofing Supply by 38.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 591 shares of the company’s stock worth $60,000 after buying an additional 163 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Beacon Roofing Supply by 26.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the company’s stock valued at $73,000 after acquiring an additional 150 shares during the last quarter. Principal Securities Inc. raised its stake in shares of Beacon Roofing Supply by 16.5% in the fourth quarter. Principal Securities Inc. now owns 1,381 shares of the company’s stock valued at $140,000 after acquiring an additional 196 shares during the period. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Beacon Roofing Supply in the 4th quarter worth about $152,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Beacon Roofing Supply news, insider Jonathan Stuart Bennett sold 8,487 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $122.14, for a total transaction of $1,036,602.18. Following the completion of the transaction, the insider now directly owns 22,642 shares of the company’s stock, valued at approximately $2,765,493.88. This trade represents a 27.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Christopher Carl Nelson sold 16,595 shares of the company’s stock in a transaction on Thursday, April 3rd. The shares were sold at an average price of $123.61, for a total transaction of $2,051,307.95. Following the completion of the sale, the executive vice president now directly owns 463 shares in the company, valued at $57,231.43. This trade represents a 97.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,806 shares of company stock valued at $6,745,448. 1.30% of the stock is currently owned by corporate insiders.

Beacon Roofing Supply Stock Down 0.2 %

NASDAQ:BECN opened at $123.65 on Tuesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.14 and a current ratio of 1.91. The stock has a market capitalization of $7.64 billion, a P/E ratio of 21.14 and a beta of 1.31. The company’s 50-day simple moving average is $120.20 and its 200-day simple moving average is $110.80. Beacon Roofing Supply, Inc. has a fifty-two week low of $77.54 and a fifty-two week high of $123.90.

Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings results on Thursday, February 27th. The company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.01). Beacon Roofing Supply had a return on equity of 25.32% and a net margin of 3.86%. The firm had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.43 billion. On average, equities analysts anticipate that Beacon Roofing Supply, Inc. will post 7.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Baird R W lowered shares of Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 20th. Loop Capital reaffirmed a “hold” rating and issued a $124.00 price target on shares of Beacon Roofing Supply in a research note on Friday, March 21st. Raymond James lowered shares of Beacon Roofing Supply from a “moderate buy” rating to a “hold” rating in a report on Friday, March 21st. StockNews.com began coverage on shares of Beacon Roofing Supply in a research report on Friday. They set a “sell” rating on the stock. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $124.35 price target (down previously from $130.00) on shares of Beacon Roofing Supply in a report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $121.47.

Beacon Roofing Supply Company Profile

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