Beacon Roofing Supply, Inc. (NASDAQ:BECN) has been given an average rating of “Hold” by the twenty-one analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $40.06.

A number of equities research analysts recently weighed in on BECN shares. ValuEngine downgraded shares of Beacon Roofing Supply from a “sell” rating to a “strong sell” rating in a research note on Monday, March 11th. SunTrust Banks reissued a “buy” rating and set a $44.00 price target on shares of Beacon Roofing Supply in a research note on Friday, February 8th. Raymond James set a $45.00 price target on shares of Beacon Roofing Supply and gave the stock a “buy” rating in a research note on Friday, February 8th. BidaskClub raised shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating in a research note on Wednesday, January 9th. Finally, Wedbush boosted their price target on shares of Beacon Roofing Supply from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Friday, February 8th.

Shares of NASDAQ BECN traded up $0.30 during trading on Thursday, reaching $35.63. The company had a trading volume of 17,634 shares, compared to its average volume of 977,587. Beacon Roofing Supply has a 52 week low of $24.97 and a 52 week high of $53.00. The company has a market cap of $2.34 billion, a PE ratio of 13.20, a P/E/G ratio of 0.56 and a beta of 1.42. The company has a current ratio of 2.43, a quick ratio of 1.35 and a debt-to-equity ratio of 1.61.

Beacon Roofing Supply (NASDAQ:BECN) last announced its earnings results on Thursday, February 7th. The company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. Beacon Roofing Supply had a net margin of 0.43% and a return on equity of 11.19%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm posted $0.68 earnings per share. The company’s revenue was up 53.5% on a year-over-year basis. As a group, equities research analysts forecast that Beacon Roofing Supply will post 2.9 earnings per share for the current year.

In other news, major shareholder Cd&R Investment Associates Ix, acquired 5,609,763 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $33.31 per share, for a total transaction of $186,861,205.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of BECN. Vanguard Group Inc. boosted its holdings in shares of Beacon Roofing Supply by 1.6% in the third quarter. Vanguard Group Inc. now owns 5,993,864 shares of the company’s stock valued at $216,918,000 after buying an additional 96,227 shares during the period. Vanguard Group Inc boosted its holdings in shares of Beacon Roofing Supply by 1.6% in the third quarter. Vanguard Group Inc now owns 5,993,864 shares of the company’s stock valued at $216,918,000 after buying an additional 96,227 shares during the period. BlackRock Inc. boosted its holdings in shares of Beacon Roofing Supply by 4.3% in the fourth quarter. BlackRock Inc. now owns 5,031,890 shares of the company’s stock valued at $159,613,000 after buying an additional 207,663 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Beacon Roofing Supply by 27.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,907,782 shares of the company’s stock valued at $123,954,000 after buying an additional 849,333 shares during the period. Finally, Frontier Capital Management Co. LLC boosted its holdings in shares of Beacon Roofing Supply by 1.1% in the fourth quarter. Frontier Capital Management Co. LLC now owns 3,788,168 shares of the company’s stock valued at $120,161,000 after buying an additional 39,929 shares during the period.

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.

Featured Story: How Do You Calculate Return on Investment (ROI)?

Analyst Recommendations for Beacon Roofing Supply (NASDAQ:BECN)

Receive News & Ratings for Beacon Roofing Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Beacon Roofing Supply and related companies with MarketBeat.com's FREE daily email newsletter.