Thomas David Schmitz Sells 333 Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) Stock

Beacon Roofing Supply, Inc. (NASDAQ:BECN) VP Thomas David Schmitz sold 333 shares of Beacon Roofing Supply stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $34.94, for a total transaction of $11,635.02. Following the sale, the vice president now directly owns 575 shares of the company’s stock, valued at approximately $20,090.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

NASDAQ BECN traded up $7,021,419,964.18 during trading hours on Friday, hitting $7,021,420,000.00. 2,056,353 shares of the company’s stock traded hands, compared to its average volume of 752,627. Beacon Roofing Supply, Inc. has a 52-week low of $24.97 and a 52-week high of $45.10. The company has a market cap of $2.39 billion, a P/E ratio of 2,600,525,925.93, a PEG ratio of 1.16 and a beta of 1.47. The company has a quick ratio of 1.22, a current ratio of 2.27 and a debt-to-equity ratio of 1.62. The company’s 50-day moving average is $35.72.

Beacon Roofing Supply (NASDAQ:BECN) last posted its quarterly earnings results on Tuesday, May 7th. The company reported ($0.45) earnings per share for the quarter, beating the consensus estimate of ($0.51) by $0.06. Beacon Roofing Supply had a net margin of 0.41% and a return on equity of 10.76%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the prior year, the company posted ($0.35) EPS. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts predict that Beacon Roofing Supply, Inc. will post 2.93 EPS for the current year.

Several hedge funds have recently modified their holdings of BECN. Investors Research Corp acquired a new stake in shares of Beacon Roofing Supply in the 1st quarter worth $29,000. First Personal Financial Services lifted its stake in shares of Beacon Roofing Supply by 45.6% in the first quarter. First Personal Financial Services now owns 1,508 shares of the company’s stock valued at $48,000 after purchasing an additional 472 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Beacon Roofing Supply in the first quarter valued at about $63,000. IFP Advisors Inc lifted its stake in shares of Beacon Roofing Supply by 107.6% in the fourth quarter. IFP Advisors Inc now owns 2,076 shares of the company’s stock valued at $65,000 after purchasing an additional 1,076 shares during the period. Finally, Lloyds Banking Group plc lifted its stake in shares of Beacon Roofing Supply by 81.6% in the fourth quarter. Lloyds Banking Group plc now owns 2,534 shares of the company’s stock valued at $80,000 after purchasing an additional 1,139 shares during the period.

Several research firms have issued reports on BECN. BidaskClub raised shares of Beacon Roofing Supply from a “sell” rating to a “hold” rating in a report on Thursday. Raymond James lowered their price objective on shares of Beacon Roofing Supply from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, June 10th. ValuEngine downgraded shares of Beacon Roofing Supply from a “hold” rating to a “sell” rating in a research note on Tuesday, May 28th. Royal Bank of Canada lifted their price objective on shares of Beacon Roofing Supply to $40.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 9th. Finally, Wells Fargo & Co reiterated a “hold” rating on shares of Beacon Roofing Supply in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $40.12.

About Beacon Roofing Supply

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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Insider Buying and Selling by Quarter for Beacon Roofing Supply (NASDAQ:BECN)

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