Eagle Asset Management Inc. increased its holdings in Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,870 shares of the company’s stock after buying an additional 6,420 shares during the period. Eagle Asset Management Inc. owned 0.17% of Beacon Roofing Supply worth $5,864,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Beacon Roofing Supply by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 4,892,191 shares of the company’s stock worth $239,718,000 after buying an additional 46,661 shares during the period. BlackRock Inc. boosted its holdings in Beacon Roofing Supply by 1.2% in the 2nd quarter. BlackRock Inc. now owns 4,069,752 shares of the company’s stock worth $199,416,000 after buying an additional 47,779 shares during the period. TimesSquare Capital Management LLC boosted its holdings in Beacon Roofing Supply by 108.4% in the 3rd quarter. TimesSquare Capital Management LLC now owns 2,362,015 shares of the company’s stock worth $121,053,000 after buying an additional 1,228,625 shares during the period. Lord Abbett & CO. LLC boosted its holdings in Beacon Roofing Supply by 10.4% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,873,615 shares of the company’s stock worth $91,807,000 after buying an additional 176,659 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Beacon Roofing Supply by 0.8% in the 3rd quarter. Fisher Asset Management LLC now owns 1,686,777 shares of the company’s stock worth $86,447,000 after buying an additional 13,327 shares during the period.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) opened at $63.24 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 2.06 and a debt-to-equity ratio of 0.42. Beacon Roofing Supply, Inc. has a fifty-two week low of $39.57 and a fifty-two week high of $64.88. The company has a market cap of $4,310.00, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 0.83 and a beta of 1.49.

Beacon Roofing Supply (NASDAQ:BECN) last announced its quarterly earnings results on Monday, November 20th. The company reported $0.93 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.94 by ($0.01). Beacon Roofing Supply had a net margin of 2.30% and a return on equity of 9.09%. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the business earned $0.88 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. equities research analysts anticipate that Beacon Roofing Supply, Inc. will post 3.08 earnings per share for the current year.

Several research firms recently commented on BECN. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $63.00 price objective (up from $62.00) on shares of Beacon Roofing Supply in a report on Tuesday, November 21st. KeyCorp reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Beacon Roofing Supply in a report on Sunday, October 15th. SunTrust Banks raised their price objective on shares of Beacon Roofing Supply to $62.00 and gave the stock a “buy” rating in a report on Tuesday, November 21st. Robert W. Baird reaffirmed an “outperform” rating and issued a $70.00 price objective (up from $55.00) on shares of Beacon Roofing Supply in a report on Tuesday, November 21st. Finally, Zacks Investment Research raised shares of Beacon Roofing Supply from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective for the company in a report on Thursday, November 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $56.58.

In other news, CEO Paul Isabella sold 40,000 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $60.57, for a total transaction of $2,422,800.00. Following the sale, the chief executive officer now owns 172,046 shares in the company, valued at approximately $10,420,826.22. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ross D. Cooper sold 2,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $59.75, for a total transaction of $119,500.00. Following the sale, the executive vice president now owns 7,056 shares in the company, valued at approximately $421,596. The disclosure for this sale can be found here. 0.75% of the stock is owned by company insiders.

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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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