4,512 Shares in Beacon Roofing Supply, Inc. (BECN) Acquired by ETRADE Capital Management LLC

ETRADE Capital Management LLC acquired a new position in Beacon Roofing Supply, Inc. (NASDAQ:BECN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,512 shares of the company’s stock, valued at approximately $231,000.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of Beacon Roofing Supply by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 1,061,255 shares of the company’s stock worth $51,999,000 after purchasing an additional 22,749 shares during the last quarter. BlackRock Inc. grew its stake in shares of Beacon Roofing Supply by 1.2% in the second quarter. BlackRock Inc. now owns 4,069,752 shares of the company’s stock worth $199,416,000 after purchasing an additional 47,779 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Beacon Roofing Supply by 10.4% in the second quarter. Lord Abbett & CO. LLC now owns 1,873,615 shares of the company’s stock worth $91,807,000 after purchasing an additional 176,659 shares during the last quarter. Swiss National Bank grew its stake in shares of Beacon Roofing Supply by 19.8% in the second quarter. Swiss National Bank now owns 100,000 shares of the company’s stock worth $4,900,000 after purchasing an additional 16,500 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Beacon Roofing Supply in the second quarter worth $312,000.

BECN has been the topic of several analyst reports. Wedbush reissued a “neutral” rating and issued a $46.00 price objective (down previously from $52.00) on shares of Beacon Roofing Supply in a research note on Friday, November 17th. SunTrust Banks reissued a “buy” rating on shares of Beacon Roofing Supply in a research note on Tuesday, September 12th. Northcoast Research raised shares of Beacon Roofing Supply from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Friday, August 25th. Robert W. Baird reaffirmed a “buy” rating and set a $55.00 price target on shares of Beacon Roofing Supply in a research report on Thursday, October 12th. 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 target on the stock in a research report on Thursday, November 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $56.58.

Shares of Beacon Roofing Supply, Inc. (BECN) opened at $63.24 on Tuesday. The company has a current ratio of 2.06, a quick ratio of 1.35 and a debt-to-equity ratio of 0.42. 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, Inc. has a 1 year low of $39.57 and a 1 year high of $64.88.

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

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

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About Beacon Roofing Supply

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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