Dimensional Fund Advisors LP Has $163.16 Million Holdings in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Dimensional Fund Advisors LP trimmed its position in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN - Free Report) by 14.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,606,255 shares of the company's stock after selling 281,903 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.60% of Beacon Roofing Supply worth $163,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in BECN. SBI Securities Co. Ltd. acquired a new position in Beacon Roofing Supply during the fourth quarter valued at approximately $31,000. PNC Financial Services Group Inc. boosted its holdings in shares of Beacon Roofing Supply by 38.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 591 shares of the company's stock worth $60,000 after buying an additional 163 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in Beacon Roofing Supply by 26.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the company's stock valued at $73,000 after buying an additional 150 shares during the last quarter. 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 acquiring an additional 196 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new position in Beacon Roofing Supply during the 4th quarter worth $152,000. Institutional investors own 98.45% of the company's stock.

Insider Transactions at Beacon Roofing Supply

In related news, insider Clement Munroe Best III sold 29,724 shares of Beacon Roofing Supply stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $123.05, for a total value of $3,657,538.20. Following the completion of the transaction, the insider now directly owns 87,943 shares of the company's stock, valued at $10,821,386.15. The trade was a 25.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jonathan Stuart Bennett sold 8,487 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $122.14, for a total transaction of $1,036,602.18. Following the sale, the insider now directly owns 22,642 shares in the company, valued at approximately $2,765,493.88. This represents a 27.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 54,806 shares of company stock valued at $6,745,448. Corporate insiders own 1.30% of the company's stock.

Beacon Roofing Supply Stock Performance

NASDAQ:BECN remained flat at $124.17 during trading hours on Wednesday. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 21.23 and a beta of 1.31. The business's fifty day moving average is $120.93 and its 200 day moving average is $112.04. Beacon Roofing Supply, Inc. has a 1-year low of $77.54 and a 1-year high of $124.31. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.14 and a current ratio of 1.91.

Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.01). The firm had revenue of $2.40 billion during the quarter, compared to the consensus estimate of $2.43 billion. Beacon Roofing Supply had a return on equity of 25.32% and a net margin of 3.86%. As a group, research analysts predict 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 several recent analyst reports. Benchmark restated a "buy" rating and set a $140.00 target price on shares of Beacon Roofing Supply in a research note on Monday, March 3rd. Royal Bank of Canada lowered shares of Beacon Roofing Supply from an "outperform" rating to a "sector perform" rating and raised their price target for the stock from $124.00 to $124.35 in a research report on Wednesday, April 2nd. Raymond James cut shares of Beacon Roofing Supply from a "moderate buy" rating to a "hold" rating in a research note on Friday, March 21st. StockNews.com assumed coverage on Beacon Roofing Supply in a report on Saturday. They issued a "sell" rating for the company. Finally, William Blair reissued a "market perform" rating on shares of Beacon Roofing Supply in a report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned 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 target price of $121.47.

Beacon Roofing Supply Company 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.