Beacon Roofing Supply, Inc. (NASDAQ:BECN – Get Rating) major shareholder Cd&R Investment Associates Ix, acquired 102,219 shares of the business’s stock in a transaction dated Friday, April 29th. The shares were purchased at an average price of $58.70 per share, with a total value of $6,000,255.30. Following the transaction, the insider now owns 14,755,648 shares of the company’s stock, valued at $866,156,537.60. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
NASDAQ BECN traded down $0.82 on Friday, hitting $59.63. The stock had a trading volume of 415,118 shares, compared to its average volume of 390,460. The business’s fifty day moving average price is $59.23 and its 200 day moving average price is $56.36. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.82 and a quick ratio of 1.08. Beacon Roofing Supply, Inc. has a 52-week low of $46.62 and a 52-week high of $63.64. The stock has a market cap of $4.20 billion, a price-to-earnings ratio of 22.64 and a beta of 1.91.
Beacon Roofing Supply (NASDAQ:BECN – Get Rating) last announced its quarterly earnings data on Thursday, February 3rd. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.09. The firm had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.57 billion. Beacon Roofing Supply had a net margin of 3.56% and a return on equity of 23.98%. As a group, sell-side analysts anticipate that Beacon Roofing Supply, Inc. will post 5.35 EPS for the current year.
Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its position in shares of Beacon Roofing Supply by 560.5% in the fourth quarter. JPMorgan Chase & Co. now owns 2,085,625 shares of the company’s stock worth $119,611,000 after acquiring an additional 1,769,848 shares during the period. American Century Companies Inc. raised its position in shares of Beacon Roofing Supply by 29.6% during the 3rd quarter. American Century Companies Inc. now owns 2,907,579 shares of the company’s stock worth $138,866,000 after purchasing an additional 663,871 shares during the last quarter. Norges Bank acquired a new position in shares of Beacon Roofing Supply during the 4th quarter worth about $29,982,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Beacon Roofing Supply during the 4th quarter valued at about $28,544,000. Finally, Frontier Capital Management Co. LLC grew its stake in Beacon Roofing Supply by 46.3% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,398,819 shares of the company’s stock valued at $80,222,000 after acquiring an additional 442,700 shares in the last quarter.
A number of brokerages have recently weighed in on BECN. Truist Financial cut their price objective on Beacon Roofing Supply from $58.00 to $55.00 in a research report on Monday, February 7th. JPMorgan Chase & Co. dropped their price target on Beacon Roofing Supply from $68.00 to $66.00 and set a “neutral” rating for the company in a research report on Wednesday, April 20th. Robert …….
Source: https://www.marketbeat.com/instant-alerts/nasdaq-becn-insider-buying-and-selling-2022-04-2-3/