Beacon Roofing Supply, Inc. (BECN) Shares Bought by Strs Ohio

Strs Ohio lifted its holdings in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 10.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,700 shares of the company’s stock after purchasing an additional 9,600 shares during the quarter. Strs Ohio owned about 0.18% of Beacon Roofing Supply worth $5,417,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Beacon Roofing Supply by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,892,191 shares of the company’s stock worth $239,718,000 after purchasing an additional 46,661 shares during the period. BlackRock Inc. lifted its stake in Beacon Roofing Supply by 1.2% during the 2nd quarter. BlackRock Inc. now owns 4,069,752 shares of the company’s stock worth $199,416,000 after acquiring an additional 47,779 shares in the last quarter. Lord Abbett & CO. LLC lifted its stake in Beacon Roofing Supply by 10.4% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,873,615 shares of the company’s stock worth $91,807,000 after acquiring an additional 176,659 shares in the last quarter. Fisher Asset Management LLC lifted its stake in Beacon Roofing Supply by 0.8% during the 3rd quarter. Fisher Asset Management LLC now owns 1,686,777 shares of the company’s stock worth $86,447,000 after acquiring an additional 13,327 shares in the last quarter. Finally, State Street Corp lifted its stake in Beacon Roofing Supply by 6.8% during the 2nd quarter. State Street Corp now owns 1,191,496 shares of the company’s stock worth $58,385,000 after acquiring an additional 75,732 shares in the last quarter. Institutional investors and hedge funds own 92.29% of the company’s stock.

Several equities analysts recently issued reports on the company. Wells Fargo & Company assumed coverage on Beacon Roofing Supply in a research note on Wednesday, October 18th. They set a “market perform” rating and a $58.00 target price on the stock. KeyCorp reissued a “buy” rating and set a $56.00 target price on shares of Beacon Roofing Supply in a research note on Sunday, October 15th. Robert W. Baird reissued a “buy” rating and set a $55.00 target price on shares of Beacon Roofing Supply in a research note on Thursday, October 12th. Royal Bank Of Canada reissued a “buy” rating and set a $53.00 target price on shares of Beacon Roofing Supply in a research note on Tuesday, October 10th. Finally, Zacks Investment Research raised Beacon Roofing Supply from a “strong sell” rating to a “hold” rating and set a $58.00 target price on the stock in a research note on Tuesday, October 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. Beacon Roofing Supply currently has a consensus rating of “Hold” and a consensus target price of $53.17.

Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) opened at 54.92 on Monday. The firm has a 50-day moving average price of $51.67 and a 200-day moving average price of $48.59. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 32.61 and a beta of 1.32. Beacon Roofing Supply, Inc. has a 52-week low of $39.57 and a 52-week high of $56.36.

Beacon Roofing Supply (NASDAQ:BECN) last issued its earnings results on Wednesday, August 2nd. The company reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.06). Beacon Roofing Supply had a return on equity of 9.55% and a net margin of 2.42%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period in the previous year, the company earned $0.77 EPS. Beacon Roofing Supply’s quarterly revenue was up 5.3% on a year-over-year basis. Analysts predict that Beacon Roofing Supply, Inc. will post $2.19 EPS for the current fiscal year.

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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.

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

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