10,379 Shares in Beacon Roofing Supply, Inc. (NASDAQ:BECN) Bought by Vontobel Holding Ltd.

Vontobel Holding Ltd. acquired a new stake in Beacon Roofing Supply, Inc. (NASDAQ:BECN) during the third quarter, according to its most recent filing with the SEC. The firm acquired 10,379 shares of the company’s stock, valued at approximately $897,000.

Several other institutional investors also recently bought and sold shares of BECN. Vanguard Group Inc. boosted its holdings in shares of Beacon Roofing Supply by 14.1% in the first quarter. Vanguard Group Inc. now owns 7,037,483 shares of the company’s stock valued at $689,814,000 after acquiring an additional 872,216 shares in the last quarter. Boston Partners boosted its holdings in Beacon Roofing Supply by 79.6% in the 1st quarter. Boston Partners now owns 1,285,239 shares of the company’s stock valued at $126,082,000 after purchasing an additional 569,627 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Beacon Roofing Supply by 6.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 811,047 shares of the company’s stock worth $73,400,000 after purchasing an additional 49,040 shares during the period. Driehaus Capital Management LLC purchased a new position in shares of Beacon Roofing Supply during the 2nd quarter worth approximately $39,606,000. Finally, Jupiter Asset Management Ltd. lifted its holdings in shares of Beacon Roofing Supply by 1,293.8% in the 1st quarter. Jupiter Asset Management Ltd. now owns 399,412 shares of the company’s stock valued at $39,150,000 after buying an additional 370,756 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Beacon Roofing Supply

In other news, EVP Christopher Carl Nelson sold 1,627 shares of the firm’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $85.00, for a total transaction of $138,295.00. Following the sale, the executive vice president now owns 320 shares in the company, valued at $27,200. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, EVP Christopher Carl Nelson sold 1,627 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $85.00, for a total transaction of $138,295.00. Following the transaction, the executive vice president now directly owns 320 shares in the company, valued at $27,200. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Prithvi Gandhi bought 5,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average price of $82.29 per share, with a total value of $411,450.00. Following the completion of the acquisition, the chief financial officer now owns 5,000 shares of the company’s stock, valued at $411,450. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Stephens dropped their price objective on Beacon Roofing Supply from $107.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Royal Bank of Canada lowered their price target on shares of Beacon Roofing Supply from $119.00 to $113.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Finally, Robert W. Baird increased their price target on shares of Beacon Roofing Supply from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $114.33.

Beacon Roofing Supply Stock Performance

Beacon Roofing Supply stock opened at $95.64 on Monday. The stock has a market cap of $6.08 billion, a PE ratio of -151.81 and a beta of 1.55. The company has a current ratio of 1.90, a quick ratio of 1.09 and a debt-to-equity ratio of 1.75. The stock has a 50-day moving average price of $87.54 and a 200 day moving average price of $92.50. Beacon Roofing Supply, Inc. has a 52 week low of $68.50 and a 52 week high of $105.42.

Beacon Roofing Supply (NASDAQ:BECN) last issued its quarterly earnings results on Thursday, August 1st. The company reported $2.32 EPS for the quarter, missing analysts’ consensus estimates of $2.79 by ($0.47). Beacon Roofing Supply had a return on equity of 26.02% and a net margin of 4.11%. The firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.69 billion. During the same quarter last year, the firm earned $2.66 earnings per share. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts predict that Beacon Roofing Supply, Inc. will post 7.37 earnings per share for the current fiscal year.

About Beacon Roofing Supply

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.