Quadrature Capital Ltd Has $4.53 Million Stock Holdings in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Quadrature Capital Ltd boosted its holdings in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 20.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 52,012 shares of the company’s stock after acquiring an additional 8,697 shares during the period. Quadrature Capital Ltd owned 0.08% of Beacon Roofing Supply worth $4,526,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its holdings in shares of Beacon Roofing Supply by 145.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 343 shares of the company’s stock valued at $30,000 after buying an additional 203 shares during the period. Quarry LP grew its holdings in shares of Beacon Roofing Supply by 127.1% in the 4th quarter. Quarry LP now owns 402 shares of the company’s stock valued at $35,000 after buying an additional 225 shares during the period. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Beacon Roofing Supply in the 4th quarter valued at $36,000. Parkside Financial Bank & Trust grew its holdings in shares of Beacon Roofing Supply by 49.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 487 shares of the company’s stock valued at $38,000 after buying an additional 161 shares during the period. Finally, CI Investments Inc. acquired a new position in shares of Beacon Roofing Supply in the 3rd quarter valued at $157,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity

In other news, insider Jason L. Taylor sold 1,805 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $95.00, for a total value of $171,475.00. Following the sale, the insider now directly owns 10,531 shares of the company’s stock, valued at approximately $1,000,445. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Jason L. Taylor sold 1,805 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $95.00, for a total value of $171,475.00. Following the sale, the insider now directly owns 10,531 shares of the company’s stock, valued at approximately $1,000,445. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher Carl Nelson sold 3,268 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $93.87, for a total transaction of $306,767.16. Following the completion of the sale, the executive vice president now directly owns 176 shares in the company, valued at $16,521.12. The disclosure for this sale can be found here. 1.30% of the stock is owned by insiders.

Analyst Ratings Changes

BECN has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Beacon Roofing Supply from $100.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. TheStreet raised shares of Beacon Roofing Supply from a “c” rating to a “b-” rating in a research report on Tuesday, February 27th. Loop Capital boosted their price objective on shares of Beacon Roofing Supply from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Benchmark began coverage on shares of Beacon Roofing Supply in a research report on Thursday, April 18th. They issued a “buy” rating and a $135.00 price objective on the stock. Finally, Robert W. Baird boosted their price objective on shares of Beacon Roofing Supply from $115.00 to $117.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.45.

Beacon Roofing Supply Trading Down 0.9 %

Shares of NASDAQ:BECN opened at $96.80 on Wednesday. The company’s 50-day moving average price is $96.52 and its two-hundred day moving average price is $90.70. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.87 and a quick ratio of 1.02. Beacon Roofing Supply, Inc. has a one year low of $68.50 and a one year high of $103.75. The stock has a market capitalization of $6.16 billion, a PE ratio of -153.65 and a beta of 1.58.

Beacon Roofing Supply (NASDAQ:BECN) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.35 by $0.06. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Beacon Roofing Supply had a net margin of 4.47% and a return on equity of 26.39%. On average, equities analysts forecast that Beacon Roofing Supply, Inc. will post 7.79 EPS for the current fiscal year.

Beacon Roofing Supply Profile

Beacon Roofing Supply, Inc, together with its subsidiaries, engages in the distribution of residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers in the United States and Canada. The company offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment.