Nomura Holdings Inc. Sells 1,500 Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Nomura Holdings Inc. reduced its stake in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 27.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,900 shares of the company’s stock after selling 1,500 shares during the period. Nomura Holdings Inc.’s holdings in Beacon Roofing Supply were worth $339,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Quadrature Capital Ltd grew its holdings in Beacon Roofing Supply by 20.1% during the fourth quarter. Quadrature Capital Ltd now owns 52,012 shares of the company’s stock valued at $4,526,000 after purchasing an additional 8,697 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Beacon Roofing Supply by 145.0% during 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 last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Beacon Roofing Supply by 49.2% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 70,103 shares of the company’s stock worth $6,100,000 after acquiring an additional 23,103 shares during the period. Vanguard Group Inc. increased its holdings in Beacon Roofing Supply by 9.6% in the 4th quarter. Vanguard Group Inc. now owns 6,165,267 shares of the company’s stock worth $536,502,000 after acquiring an additional 539,785 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Beacon Roofing Supply by 11.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 602,287 shares of the company’s stock valued at $52,411,000 after acquiring an additional 62,690 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Beacon Roofing Supply Stock Performance

Shares of NASDAQ BECN opened at $93.97 on Friday. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of -149.16 and a beta of 1.58. The stock’s 50-day moving average is $96.36 and its 200 day moving average is $90.89. The company has a current ratio of 1.87, a quick ratio of 1.02 and a debt-to-equity ratio of 1.47. Beacon Roofing Supply, Inc. has a 1-year low of $68.50 and a 1-year high of $103.75.

Beacon Roofing Supply (NASDAQ:BECN) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.06. Beacon Roofing Supply had a net margin of 4.47% and a return on equity of 26.39%. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.88 billion. On average, sell-side analysts anticipate that Beacon Roofing Supply, Inc. will post 7.79 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Christopher Carl Nelson sold 3,268 shares of Beacon Roofing Supply stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $93.87, for a total value of $306,767.16. Following the transaction, the executive vice president now owns 176 shares in the company, valued at $16,521.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BECN. BMO Capital Markets boosted their price objective on Beacon Roofing Supply from $95.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. TheStreet upgraded shares of Beacon Roofing Supply from a “c” rating to a “b-” rating in a research report on Tuesday, February 27th. StockNews.com lowered shares of Beacon Roofing Supply from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Loop Capital raised their price target on shares of Beacon Roofing Supply from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Truist Financial upped their price target on shares of Beacon Roofing Supply from $90.00 to $95.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $109.45.

Beacon Roofing Supply Company 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.