Parkside Financial Bank & Trust Buys 245 Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Parkside Financial Bank & Trust increased its stake in Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 14.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,910 shares of the company’s stock after purchasing an additional 245 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Beacon Roofing Supply were worth $194,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. US Bancorp DE raised its holdings in Beacon Roofing Supply by 2.3% in the 3rd quarter. US Bancorp DE now owns 5,255 shares of the company’s stock worth $454,000 after purchasing an additional 116 shares during the period. Equitable Trust Co. raised its holdings in Beacon Roofing Supply by 1.7% in the 4th quarter. Equitable Trust Co. now owns 7,228 shares of the company’s stock worth $734,000 after purchasing an additional 122 shares during the period. HighTower Advisors LLC raised its holdings in Beacon Roofing Supply by 7.3% in the 3rd quarter. HighTower Advisors LLC now owns 2,665 shares of the company’s stock worth $234,000 after purchasing an additional 181 shares during the period. Principal Securities Inc. raised its holdings in Beacon Roofing Supply by 16.5% in the 4th quarter. Principal Securities Inc. now owns 1,381 shares of the company’s stock worth $140,000 after purchasing an additional 196 shares during the period. Finally, Quarry LP raised its holdings in Beacon Roofing Supply by 180.7% in the 3rd quarter. Quarry LP now owns 306 shares of the company’s stock worth $26,000 after purchasing an additional 197 shares during the period. 98.45% of the stock is owned by institutional investors.

Beacon Roofing Supply Trading Up 0.1 %

Shares of Beacon Roofing Supply stock opened at $115.42 on Friday. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 19.73 and a beta of 1.62. The business has a 50-day moving average price of $112.56 and a 200-day moving average price of $101.37. The company has a quick ratio of 1.14, a current ratio of 1.91 and a debt-to-equity ratio of 1.60. Beacon Roofing Supply, Inc. has a twelve month low of $77.54 and a twelve month high of $121.42.

Beacon Roofing Supply (NASDAQ:BECN) last issued its quarterly earnings data on Thursday, February 27th. The company reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). The firm had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Beacon Roofing Supply had a net margin of 3.86% and a return on equity of 25.32%. Equities research analysts anticipate that Beacon Roofing Supply, Inc. will post 7.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BECN has been the subject of a number of analyst reports. Stifel Nicolaus lowered Beacon Roofing Supply from a “buy” rating to a “hold” rating and cut their price target for the stock from $131.00 to $122.55 in a research note on Friday, February 7th. Stephens reiterated an “equal weight” rating and issued a $103.00 price target on shares of Beacon Roofing Supply in a research note on Tuesday, November 19th. StockNews.com initiated coverage on Beacon Roofing Supply in a research note on Saturday. They issued a “sell” rating for the company. Zelman & Associates lowered Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 16th. Finally, BMO Capital Markets increased their price target on Beacon Roofing Supply from $125.00 to $136.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Beacon Roofing Supply currently has a consensus rating of “Hold” and a consensus price target of $120.62.

Beacon Roofing Supply Profile

Beacon Roofing Supply, Inc, together with its subsidiaries, engages in the distribution of residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers in the United States and Canada. The company offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment.