Amalgamated Bank lifted its holdings in Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,704 shares of the company’s stock after buying an additional 373 shares during the period. Amalgamated Bank’s holdings in Beacon Roofing Supply were worth $377,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Huntington National Bank boosted its stake in shares of Beacon Roofing Supply by 3.8% in the 2nd quarter. Huntington National Bank now owns 3,138 shares of the company’s stock worth $154,000 after buying an additional 116 shares during the last quarter. Virginia Retirement Systems ET AL boosted its stake in shares of Beacon Roofing Supply by 5.4% in the 1st quarter. Virginia Retirement Systems ET AL now owns 5,900 shares of the company’s stock worth $290,000 after buying an additional 300 shares during the last quarter. Bbva Compass Bancshares Inc. boosted its stake in shares of Beacon Roofing Supply by 8.3% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 6,448 shares of the company’s stock worth $316,000 after buying an additional 495 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Beacon Roofing Supply by 4.8% in the 2nd quarter. Aperio Group LLC now owns 12,060 shares of the company’s stock worth $591,000 after buying an additional 547 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of Beacon Roofing Supply by 36.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,105 shares of the company’s stock worth $103,000 after buying an additional 565 shares during the last quarter. Hedge funds and other institutional investors own 91.22% of the company’s stock.

A number of brokerages have recently weighed in on BECN. Zacks Investment Research upgraded Beacon Roofing Supply from a “strong sell” rating to a “hold” rating and set a $58.00 target price on the stock in a research note on Tuesday, October 3rd. SunTrust Banks, Inc. restated a “buy” rating and issued a $55.00 target price on shares of Beacon Roofing Supply in a research note on Monday, October 2nd. KeyCorp restated a “buy” rating and issued a $56.00 target price on shares of Beacon Roofing Supply in a research note on Tuesday, September 12th. Citigroup Inc. boosted their target price on Beacon Roofing Supply from $48.00 to $51.00 and gave the stock a “neutral” rating in a research note on Monday, August 28th. Finally, Northcoast Research upgraded Beacon Roofing Supply from a “neutral” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Beacon Roofing Supply presently has an average rating of “Buy” and a consensus target price of $52.55.

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Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) opened at 52.60 on Friday. Beacon Roofing Supply, Inc. has a one year low of $39.57 and a one year high of $53.11. The firm’s 50-day moving average is $48.17 and its 200-day moving average is $48.06. The company has a market cap of $3.18 billion, a PE ratio of 31.24 and a beta of 1.32.

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

Beacon Roofing Supply Profile

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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