Advisor Group Inc. lifted its holdings in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 8.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,877 shares of the company’s stock after acquiring an additional 316 shares during the period. Advisor Group Inc.’s holdings in Beacon Roofing Supply were worth $190,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp increased its position in shares of Beacon Roofing Supply by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 1,061,255 shares of the company’s stock worth $51,999,000 after acquiring an additional 22,749 shares in the last quarter. State Street Corp increased its position in shares of Beacon Roofing Supply by 2.4% during the first quarter. State Street Corp now owns 1,115,764 shares of the company’s stock worth $54,844,000 after acquiring an additional 26,202 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Beacon Roofing Supply by 5.4% during the first quarter. Vanguard Group Inc. now owns 4,845,530 shares of the company’s stock worth $238,207,000 after acquiring an additional 246,233 shares in the last quarter. BlackRock Inc. increased its position in shares of Beacon Roofing Supply by 1.2% during the second quarter. BlackRock Inc. now owns 4,069,752 shares of the company’s stock worth $199,416,000 after acquiring an additional 47,779 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Beacon Roofing Supply by 19.8% during the second quarter. Swiss National Bank now owns 100,000 shares of the company’s stock worth $4,900,000 after acquiring an additional 16,500 shares in the last quarter. 90.92% of the stock is owned by institutional investors.

Beacon Roofing Supply, Inc. (BECN) opened at 54.79 on Friday. Beacon Roofing Supply, Inc. has a 12-month low of $39.57 and a 12-month high of $54.89. The company’s 50-day moving average is $50.62 and its 200 day moving average is $48.34. The stock has a market capitalization of $3.31 billion, a PE ratio of 32.54 and a beta of 1.32.

Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.06). The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.27 billion. Beacon Roofing Supply had a net margin of 2.42% and a return on equity of 9.55%. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 earnings per share. On average, equities research analysts expect that Beacon Roofing Supply, Inc. will post $2.19 earnings per share for the current fiscal year.

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Several equities research analysts have recently commented on BECN shares. KeyCorp reissued a “buy” rating and set a $56.00 target price on shares of Beacon Roofing Supply in a research report on Tuesday, September 12th. SunTrust Banks, Inc. reissued a “buy” rating on shares of Beacon Roofing Supply in a research report on Tuesday, September 12th. Northcoast Research raised shares of Beacon Roofing Supply from a “neutral” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Friday, August 25th. Jefferies Group LLC raised shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating and boosted their target price for the stock from $50.00 to $54.00 in a research report on Friday, August 25th. Finally, Zacks Investment Research raised shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Wednesday, July 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Beacon Roofing Supply presently has a consensus rating of “Hold” and a consensus price target of $53.17.

About Beacon Roofing Supply

Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products.

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

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