Integrated Investment Consultants LLC lowered its position in Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 1.2% during the second quarter, Holdings Channel reports. The fund owned 2,052 shares of the company’s stock after selling 25 shares during the period. Integrated Investment Consultants LLC’s holdings in Beacon Roofing Supply were worth $101,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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 valued at $238,207,000 after buying an additional 246,233 shares in the last quarter. Frontier Capital Management Co. LLC boosted its stake in Beacon Roofing Supply by 2.4% in the first quarter. Frontier Capital Management Co. LLC now owns 4,312,112 shares of the company’s stock valued at $211,983,000 after buying an additional 101,046 shares in the last quarter. BlackRock Inc. boosted its stake in Beacon Roofing Supply by 80,484.5% in the first quarter. BlackRock Inc. now owns 4,021,973 shares of the company’s stock valued at $197,720,000 after buying an additional 4,016,982 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Beacon Roofing Supply by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,409,749 shares of the company’s stock valued at $118,462,000 after buying an additional 113,306 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK boosted its stake in Beacon Roofing Supply by 6.1% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,794,682 shares of the company’s stock valued at $88,226,000 after buying an additional 103,557 shares in the last quarter.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) opened at 48.07 on Monday. Beacon Roofing Supply, Inc. has a 12 month low of $39.50 and a 12 month high of $52.12. The stock’s 50 day moving average price is $48.82 and its 200 day moving average price is $47.60. The firm has a market capitalization of $2.90 billion, a PE ratio of 29.33 and a beta of 1.33.

Beacon Roofing Supply (NASDAQ:BECN) last announced its earnings results on Thursday, May 4th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.02. The business had revenue of $870.70 million for the quarter, compared to the consensus estimate of $814.74 million. Beacon Roofing Supply had a return on equity of 9.42% and a net margin of 2.37%. Beacon Roofing Supply’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 EPS. Equities research analysts expect that Beacon Roofing Supply, Inc. will post $2.37 earnings per share for the current fiscal year.

WARNING: “Beacon Roofing Supply, Inc. (NASDAQ:BECN) Shares Sold by Integrated Investment Consultants LLC” was first published by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this article can be read at https://www.watchlistnews.com/beacon-roofing-supply-inc-nasdaqbecn-shares-sold-by-integrated-investment-consultants-llc/1444768.html.

Several analysts recently commented on the company. Royal Bank Of Canada raised their target price on Beacon Roofing Supply from $51.00 to $58.00 and gave the company an “outperform” rating in a research report on Monday, May 15th. Zacks Investment Research cut Beacon Roofing Supply from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Wedbush restated a “neutral” rating and issued a $47.00 target price on shares of Beacon Roofing Supply in a research report on Wednesday, May 31st. William Blair restated a “neutral” rating and issued a $45.00 target price on shares of Beacon Roofing Supply in a research report on Friday, April 14th. Finally, Citigroup Inc. restated a “buy” rating and issued a $52.00 target price (up from $48.00) on shares of Beacon Roofing Supply in a research report on Thursday, May 11th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Beacon Roofing Supply has a consensus rating of “Buy” and an average target price of $51.50.

Beacon Roofing Supply Company 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.

Want to see what other hedge funds are holding BECN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Beacon Roofing Supply, Inc. (NASDAQ:BECN).

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

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