Wolverine Asset Management LLC acquired a new position in Beacon Roofing Supply, Inc. (NASDAQ:BECN) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,000 shares of the company’s stock, valued at approximately $1,530,000.
Several other large investors also recently bought and sold shares of BECN. Zions Bancorporation purchased a new stake in shares of Beacon Roofing Supply in the 3rd quarter worth $124,000. Cerebellum GP LLC purchased a new stake in shares of Beacon Roofing Supply in the 4th quarter worth $130,000. Keybank National Association OH purchased a new stake in Beacon Roofing Supply in the 3rd quarter worth $210,000. CAPROCK Group Inc. purchased a new stake in Beacon Roofing Supply in the 4th quarter worth $212,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Beacon Roofing Supply in the 3rd quarter worth $214,000.
Beacon Roofing Supply, Inc. (NASDAQ:BECN) opened at $54.96 on Monday. The company has a debt-to-equity ratio of 1.09, a current ratio of 4.60 and a quick ratio of 3.58. Beacon Roofing Supply, Inc. has a 1-year low of $39.57 and a 1-year high of $66.47. The company has a market cap of $3,703.89, a PE ratio of 23.89, a P/E/G ratio of 0.47 and a beta of 1.42.
Beacon Roofing Supply (NASDAQ:BECN) last announced its quarterly earnings results on Thursday, February 8th. The company reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.14. Beacon Roofing Supply had a net margin of 3.29% and a return on equity of 9.60%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the firm earned $0.56 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. research analysts expect that Beacon Roofing Supply, Inc. will post 3.56 earnings per share for the current year.
A number of equities research analysts have issued reports on BECN shares. SunTrust Banks increased their price target on Beacon Roofing Supply to $62.00 and gave the stock a “buy” rating in a research note on Tuesday, November 21st. BidaskClub upgraded Beacon Roofing Supply from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Jefferies Group reiterated a “buy” rating and issued a $73.00 price target on shares of Beacon Roofing Supply in a research note on Wednesday, January 17th. Royal Bank of Canada set a $66.00 price target on Beacon Roofing Supply and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Zacks Investment Research upgraded Beacon Roofing Supply from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $60.45.
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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.
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