Beacon Roofing Supply Inc Stock in Q4 2017 Driven by Institutional Investors

April 16, 2018 - By Marie Mckinney

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Logo

Sentiment for Beacon Roofing Supply Inc (NASDAQ:BECN)

Beacon Roofing Supply Inc (NASDAQ:BECN) institutional sentiment decreased to 1.38 in Q4 2017. Its down -0.53, from 1.91 in 2017Q3. The ratio has worsened, as 137 funds opened new or increased stock positions, while 99 sold and reduced stock positions in Beacon Roofing Supply Inc. The funds in our partner’s database now own: 64.82 million shares, down from 66.46 million shares in 2017Q3. Also, the number of funds holding Beacon Roofing Supply Inc in their top 10 stock positions increased from 3 to 7 for an increase of 4. Sold All: 22 Reduced: 77 Increased: 74 New Position: 63.

Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and non-residential roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company has market cap of $3.46 billion. The companyÂ’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 other accessories. It has a 21.75 P/E ratio. The Company’s non-residential roofing products comprise single-ply roofing, asphalt, metal, modified bitumen, and build-up roofing products; cements and coatings; flat stock and tapered insulations; commercial fasteners; metal edges and flashings; smoke/roof hatches; roofing tools; sheet metal products, including copper, aluminum, and steel; and PVC, thermoplastic olefin, and ethylene propylene diene monomer membrane products.

The stock increased 0.28% or $0.14 during the last trading session, reaching $50.87. About 497,890 shares traded. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has risen 10.99% since April 16, 2017 and is uptrending. It has underperformed by 0.56% the S&P500.

Analysts await Beacon Roofing Supply, Inc. (NASDAQ:BECN) to report earnings on May, 3. They expect $-0.08 EPS, down 100.00 % or $0.04 from last year’s $-0.04 per share. After $0.68 actual EPS reported by Beacon Roofing Supply, Inc. for the previous quarter, Wall Street now forecasts -111.76 % negative EPS growth.

Dudley & Shanley Llc holds 7.25% of its portfolio in Beacon Roofing Supply, Inc. for 505,950 shares. Spitfire Capital Llc owns 200,503 shares or 5.66% of their US portfolio. Moreover, Daruma Capital Management Llc has 3.56% invested in the company for 895,306 shares. The New York-based Lomas Capital Management Llc has invested 3.05% in the stock. Copper Rock Capital Partners Llc, a Massachusetts-based fund reported 585,439 shares.#img1#

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Ratings Coverage

Ratings analysis reveals 80% of Beacon Roofing Supply’s analysts are positive. Out of 10 Wall Street analysts rating Beacon Roofing Supply, 8 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $53.0 while the high is $73.0. The stock’s average target of $64 is 25.81% above today’s ($50.87) share price. BECN was included in 13 notes of analysts from October 18, 2017. The firm has “Buy” rating given on Wednesday, January 17 by Jefferies. Robert W. Baird maintained it with “Buy” rating and $70.0 target in Tuesday, November 21 report. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) has “Buy” rating given on Thursday, January 4 by Seaport Global. The stock has “Neutral” rating by Citigroup on Friday, February 9. The firm has “Outperform” rating by Wedbush given on Tuesday, February 13. The rating was maintained by Jefferies on Thursday, October 19 with “Buy”. The company was maintained on Friday, February 9 by RBC Capital Markets. The stock has “Buy” rating by RBC Capital Markets on Tuesday, November 21. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, November 14. KeyBanc Capital Markets maintained it with “Buy” rating and $56.0 target in Friday, November 17 report.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Institutional Positions Chart

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