Beacon Roofing Supply, Inc. (BECN) Shares Bought by Stifel Financial Corp

Stifel Financial Corp grew its position in Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 133.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,033 shares of the company’s stock after buying an additional 25,172 shares during the quarter. Stifel Financial Corp owned 0.07% of Beacon Roofing Supply worth $2,256,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Beacon Roofing Supply in the second quarter valued at $100,000. Advisors Asset Management Inc. increased its position in shares of Beacon Roofing Supply by 36.7% in the second quarter. Advisors Asset Management Inc. now owns 2,105 shares of the company’s stock valued at $103,000 after buying an additional 565 shares in the last quarter. Advisor Group Inc. increased its position in shares of Beacon Roofing Supply by 8.9% in the second quarter. Advisor Group Inc. now owns 3,877 shares of the company’s stock valued at $190,000 after buying an additional 316 shares in the last quarter. Keybank National Association OH purchased a new position in shares of Beacon Roofing Supply in the third quarter valued at $210,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Beacon Roofing Supply in the third quarter valued at $214,000.

Shares of Beacon Roofing Supply, Inc. (BECN) opened at $61.95 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.35 and a current ratio of 2.06. The company has a market capitalization of $4,190.00, a price-to-earnings ratio of 28.75, a P/E/G ratio of 0.81 and a beta of 1.49. Beacon Roofing Supply, Inc. has a 52 week low of $39.57 and a 52 week high of $64.88.

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

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

A number of research analysts have recently weighed in on BECN shares. Citigroup raised their price target on Beacon Roofing Supply from $48.00 to $51.00 and gave the company a “neutral” rating in a research report on Monday, August 28th. SunTrust Banks reaffirmed a “buy” rating and set a $55.00 price objective on shares of Beacon Roofing Supply in a research note on Friday, November 10th. KeyCorp raised Beacon Roofing Supply from a “sector weight” rating to an “overweight” rating and set a $52.00 price objective on the stock in a research note on Friday, August 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $63.00 price objective (up previously from $62.00) on shares of Beacon Roofing Supply in a research note on Tuesday, November 21st. Finally, Wells Fargo & Company started coverage on Beacon Roofing Supply in a research note on Wednesday, October 18th. They set a “market perform” rating and a $58.00 price objective on the stock. Five analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $56.91.

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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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