Richard W. Frost Purchases 11,754 Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) Stock

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Director Richard W. Frost purchased 11,754 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was acquired at an average price of $34.17 per share, for a total transaction of $401,634.18. Following the purchase, the director now owns 34,249 shares in the company, valued at approximately $1,170,288.33. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ BECN traded down $0.60 on Friday, reaching $33.52. The stock had a trading volume of 833,054 shares, compared to its average volume of 602,364. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.27 and a quick ratio of 1.22. Beacon Roofing Supply, Inc. has a 1-year low of $24.97 and a 1-year high of $46.26. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 1.14 and a beta of 1.47.

Beacon Roofing Supply (NASDAQ:BECN) last issued its quarterly earnings data 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 period in the prior year, the firm posted ($0.35) EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts anticipate that Beacon Roofing Supply, Inc. will post 2.93 earnings per share for the current fiscal year.

BECN has been the topic of a number of research analyst reports. Zacks Investment Research cut Beacon Roofing Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. ValuEngine cut Beacon Roofing Supply from a “sell” rating to a “strong sell” rating in a research note on Monday, March 11th. BidaskClub cut Beacon Roofing Supply from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Buckingham Research began coverage on Beacon Roofing Supply in a research note on Monday, February 25th. They issued a “neutral” rating and a $38.00 price target on the stock. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Beacon Roofing Supply in a report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $40.12.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in shares of Beacon Roofing Supply by 4.3% during the 4th quarter. BlackRock Inc. now owns 5,031,890 shares of the company’s stock worth $159,613,000 after purchasing an additional 207,663 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Beacon Roofing Supply by 14.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,462,814 shares of the company’s stock worth $143,525,000 after purchasing an additional 555,032 shares in the last quarter. Iridian Asset Management LLC CT acquired a new stake in shares of Beacon Roofing Supply during the 1st quarter worth $104,384,000. Jennison Associates LLC grew its holdings in shares of Beacon Roofing Supply by 3.3% during the 4th quarter. Jennison Associates LLC now owns 2,955,139 shares of the company’s stock worth $93,737,000 after purchasing an additional 93,024 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Beacon Roofing Supply by 3.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,969,766 shares of the company’s stock worth $63,348,000 after purchasing an additional 70,376 shares in the last quarter.

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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.

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

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