Beacon Roofing Supply, Inc. (BECN) COO Sells $200,235.00 in Stock

Beacon Roofing Supply, Inc. (NASDAQ:BECN) COO C Eric Swank sold 5,250 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $38.14, for a total value of $200,235.00. Following the transaction, the chief operating officer now directly owns 34,949 shares of the company’s stock, valued at approximately $1,332,954.86. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of NASDAQ BECN traded up $0.64 during trading on Tuesday, reaching $38.27. The company had a trading volume of 277,282 shares, compared to its average volume of 761,542. Beacon Roofing Supply, Inc. has a 12 month low of $24.97 and a 12 month high of $46.26. The firm has a market capitalization of $2.58 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 1.25 and a beta of 1.47. The company has a current ratio of 2.27, a quick ratio of 1.22 and a debt-to-equity ratio of 1.62.

Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings results on Tuesday, May 7th. The company reported ($0.45) EPS for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.06. Beacon Roofing Supply had a return on equity of 10.76% and a net margin of 0.41%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the previous year, the company posted ($0.35) EPS. The business’s revenue was up .2% on a year-over-year basis. As a group, analysts forecast that Beacon Roofing Supply, Inc. will post 2.93 earnings per share for the current fiscal year.



A number of equities research analysts recently weighed in on BECN shares. ValuEngine upgraded Beacon Roofing Supply from a “sell” rating to a “hold” rating in a research report on Thursday, May 9th. Zacks Investment Research lowered Beacon Roofing Supply from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Royal Bank of Canada set a $35.00 price objective on Beacon Roofing Supply and gave the stock a “hold” rating in a research report on Tuesday, March 26th. Buckingham Research reduced their price objective on Beacon Roofing Supply from $38.00 to $31.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 26th. Finally, Raymond James set a $45.00 price objective on Beacon Roofing Supply and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Twelve analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $40.41.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BECN. FMR LLC lifted its stake in shares of Beacon Roofing Supply by 175.1% in the 1st quarter. FMR LLC now owns 550,230 shares of the company’s stock valued at $17,695,000 after purchasing an additional 350,228 shares during the period. Soapstone Management L.P. lifted its stake in shares of Beacon Roofing Supply by 11.1% in the 1st quarter. Soapstone Management L.P. now owns 500,000 shares of the company’s stock valued at $16,080,000 after purchasing an additional 50,000 shares during the period. One Wealth Advisors LLC acquired a new position in shares of Beacon Roofing Supply in the 1st quarter valued at about $118,000. Man Group plc acquired a new position in shares of Beacon Roofing Supply in the 1st quarter valued at about $676,000. Finally, SEI Investments Co lifted its stake in shares of Beacon Roofing Supply by 6.7% in the 1st quarter. SEI Investments Co now owns 209,261 shares of the company’s stock valued at $6,717,000 after purchasing an additional 13,227 shares during the period.

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Beacon Roofing Supply Company Profile

Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and commercial roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company's residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and solar systems.

Further Reading: What is diluted earnings per share (Diluted EPS)?

Insider Buying and Selling by Quarter for Beacon Roofing Supply (NASDAQ:BECN)

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