Bbva Compass Bancshares Inc. reduced its position in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 22.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,015 shares of the company’s stock after selling 1,433 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Beacon Roofing Supply were worth $257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BECN. UBS Asset Management Americas Inc. grew its position in shares of Beacon Roofing Supply by 66.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 28,840 shares of the company’s stock valued at $1,418,000 after purchasing an additional 11,466 shares in the last quarter. Principal Financial Group Inc. grew its position in Beacon Roofing Supply by 1.9% in the first quarter. Principal Financial Group Inc. now owns 30,621 shares of the company’s stock worth $1,506,000 after acquiring an additional 585 shares in the last quarter. Teachers Advisors LLC grew its position in Beacon Roofing Supply by 1.6% in the first quarter. Teachers Advisors LLC now owns 385,650 shares of the company’s stock worth $18,959,000 after acquiring an additional 5,912 shares in the last quarter. Vanguard Group Inc. grew its position in Beacon Roofing Supply by 5.4% in 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. Finally, Geode Capital Management LLC grew its position in Beacon Roofing Supply by 6.7% in the first quarter. Geode Capital Management LLC now owns 495,006 shares of the company’s stock worth $24,334,000 after acquiring an additional 31,025 shares in the last quarter. Hedge funds and other institutional investors own 90.12% of the company’s stock.

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Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) opened at $54.45 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.30 and a quick ratio of 1.36. The firm has a market cap of $3,633.57, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 2.50 and a beta of 1.45. Beacon Roofing Supply, Inc. has a one year low of $39.57 and a one year high of $56.36.

Several research analysts recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of Beacon Roofing Supply in a research report on Wednesday, October 18th. They issued a “market perform” rating and a $58.00 target price for the company. KeyCorp reiterated a “buy” rating and issued a $56.00 target price on shares of Beacon Roofing Supply in a research report on Sunday, October 15th. Robert W. Baird reiterated a “buy” rating and issued a $55.00 target price on shares of Beacon Roofing Supply in a research report on Thursday, October 12th. Royal Bank Of Canada reiterated a “buy” rating and issued a $53.00 target price on shares of Beacon Roofing Supply in a research report on Tuesday, October 10th. Finally, Zacks Investment Research upgraded shares of Beacon Roofing Supply from a “strong sell” rating to a “hold” rating and set a $58.00 target price for the company in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price 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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