Penn Capital Management Co. Inc. trimmed its holdings in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 11.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 286,255 shares of the company’s stock after selling 36,980 shares during the quarter. Penn Capital Management Co. Inc. owned about 0.42% of Beacon Roofing Supply worth $9,706,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Csenge Advisory Group bought a new position in Beacon Roofing Supply in the 3rd quarter valued at about $27,000. First Personal Financial Services bought a new position in Beacon Roofing Supply in the 4th quarter valued at about $33,000. Paradigm Asset Management Co. LLC bought a new position in Beacon Roofing Supply in the 3rd quarter valued at about $51,000. IFP Advisors Inc increased its holdings in Beacon Roofing Supply by 107.6% in the 4th quarter. IFP Advisors Inc now owns 2,076 shares of the company’s stock valued at $65,000 after buying an additional 1,076 shares during the period. Finally, Lloyds Banking Group plc increased its holdings in Beacon Roofing Supply by 81.6% in the 4th quarter. Lloyds Banking Group plc now owns 2,534 shares of the company’s stock valued at $80,000 after buying an additional 1,139 shares during the period.

BECN opened at $31.64 on Wednesday. Beacon Roofing Supply, Inc. has a 1-year low of $24.97 and a 1-year high of $55.01. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.35 and a current ratio of 2.43. The company has a market capitalization of $2.33 billion, a PE ratio of 11.84, a P/E/G ratio of 0.52 and a beta of 1.44.

Beacon Roofing Supply (NASDAQ:BECN) last posted its quarterly earnings results on Thursday, February 7th. The company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the company posted $0.68 EPS. The firm’s quarterly revenue was up 53.5% compared to the same quarter last year. On average, analysts expect that Beacon Roofing Supply, Inc. will post 3.13 earnings per share for the current year.

In other Beacon Roofing Supply news, major shareholder Cd&R Investment Associates Ix, bought 5,609,763 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $33.31 per share, for a total transaction of $186,861,205.53. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.

BECN has been the topic of several recent analyst reports. BidaskClub lowered shares of Beacon Roofing Supply from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Zacks Investment Research raised shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Monday, February 4th. Royal Bank of Canada set a $37.00 target price on shares of Beacon Roofing Supply and gave the company a “hold” rating in a report on Friday, February 8th. ValuEngine lowered shares of Beacon Roofing Supply from a “sell” rating to a “strong sell” rating in a report on Monday, March 11th. Finally, Buckingham Research initiated coverage on shares of Beacon Roofing Supply in a report on Monday, February 25th. They issued a “neutral” rating and a $38.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $40.12.

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Beacon Roofing Supply 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.

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

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