Blueshift Asset Management LLC Sells 2,906 Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Blueshift Asset Management LLC lowered its position in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 20.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,555 shares of the company’s stock after selling 2,906 shares during the quarter. Blueshift Asset Management LLC’s holdings in Beacon Roofing Supply were worth $370,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its position in shares of Beacon Roofing Supply by 148.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 970 shares of the company’s stock worth $31,000 after buying an additional 580 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Beacon Roofing Supply by 4.7% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 13,500 shares of the company’s stock worth $432,000 after purchasing an additional 600 shares during the last quarter. Amalgamated Bank increased its stake in shares of Beacon Roofing Supply by 8.0% during the 4th quarter. Amalgamated Bank now owns 11,127 shares of the company’s stock worth $356,000 after purchasing an additional 825 shares during the last quarter. Comerica Bank increased its stake in shares of Beacon Roofing Supply by 7.3% during the 4th quarter. Comerica Bank now owns 14,660 shares of the company’s stock worth $491,000 after purchasing an additional 1,000 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Beacon Roofing Supply by 5.9% during the 4th quarter. CIBC Private Wealth Group LLC now owns 17,947 shares of the company’s stock worth $574,000 after purchasing an additional 1,007 shares during the last quarter.

In related news, Director Richard W. Frost acquired 3,330 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $29.73 per share, with a total value of $99,000.90. Insiders own 1.40% of the company’s stock.

Shares of NASDAQ:BECN opened at $18.39 on Thursday. The firm has a fifty day moving average price of $27.37 and a two-hundred day moving average price of $31.28. The company has a debt-to-equity ratio of 1.47, a current ratio of 2.01 and a quick ratio of 1.09. Beacon Roofing Supply, Inc. has a one year low of $11.66 and a one year high of $40.00. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -19.99 and a beta of 1.18.

Beacon Roofing Supply (NASDAQ:BECN) last posted its quarterly earnings data on Monday, February 3rd. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.02). Beacon Roofing Supply had a positive return on equity of 8.60% and a negative net margin of 0.47%. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.71 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The business’s revenue was down 2.7% on a year-over-year basis. Equities research analysts expect that Beacon Roofing Supply, Inc. will post 2.42 EPS for the current fiscal year.

BECN has been the subject of several research analyst reports. Wedbush decreased their price target on shares of Beacon Roofing Supply from $29.00 to $28.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Berenberg Bank initiated coverage on shares of Beacon Roofing Supply in a research note on Tuesday, January 14th. They set a “hold” rating and a $31.00 price target for the company. Deutsche Bank decreased their price target on shares of Beacon Roofing Supply from $34.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday. Stephens raised their price target on shares of Beacon Roofing Supply from $34.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, BidaskClub lowered shares of Beacon Roofing Supply from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 19th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $32.86.

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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Institutional Ownership by Quarter for Beacon Roofing Supply (NASDAQ:BECN)

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