2,144 Shares in Beacon Roofing Supply, Inc. (NASDAQ:BECN) Purchased by Mirabella Financial Services LLP

Mirabella Financial Services LLP bought a new stake in Beacon Roofing Supply, Inc. (NASDAQ:BECN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,144 shares of the company's stock, valued at approximately $218,000.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Beacon Roofing Supply by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 615,174 shares of the company's stock worth $62,489,000 after purchasing an additional 11,426 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Beacon Roofing Supply during the fourth quarter worth about $24,162,000. Barclays PLC increased its stake in shares of Beacon Roofing Supply by 272.0% during the third quarter. Barclays PLC now owns 122,024 shares of the company's stock worth $10,547,000 after buying an additional 89,222 shares during the period. Boston Partners increased its stake in shares of Beacon Roofing Supply by 1.3% during the fourth quarter. Boston Partners now owns 4,531,106 shares of the company's stock worth $462,417,000 after buying an additional 59,630 shares during the period. Finally, Fisher Asset Management LLC increased its stake in shares of Beacon Roofing Supply by 2.1% during the fourth quarter. Fisher Asset Management LLC now owns 1,014,087 shares of the company's stock worth $103,011,000 after buying an additional 20,372 shares during the period. Institutional investors and hedge funds own 98.45% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada lowered shares of Beacon Roofing Supply from an "outperform" rating to a "sector perform" rating and upped their target price for the stock from $124.00 to $124.35 in a research note on Wednesday, April 2nd. William Blair restated a "market perform" rating on shares of Beacon Roofing Supply in a research note on Thursday, March 20th. StockNews.com assumed coverage on shares of Beacon Roofing Supply in a research note on Saturday. They set a "sell" rating on the stock. 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. Finally, Stifel Nicolaus lowered shares of Beacon Roofing Supply from a "buy" rating to a "hold" rating and cut their target price for the stock from $131.00 to $122.55 in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Beacon Roofing Supply currently has an average rating of "Hold" and an average price target of $121.47.

Insider Activity

In other news, insider Clement Munroe Best III sold 29,724 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $123.05, for a total value of $3,657,538.20. Following the completion of the sale, the insider now directly owns 87,943 shares of the company's stock, valued at approximately $10,821,386.15. This represents a 25.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the insider now directly owns 22,642 shares of the company's stock, valued at $2,765,493.88. This represents a 27.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 54,806 shares of company stock valued at $6,745,448. Insiders own 1.30% of the company's stock.

Beacon Roofing Supply Stock Performance

BECN stock traded up $0.10 on Friday, hitting $124.19. The company's stock had a trading volume of 1,371,727 shares, compared to its average volume of 1,157,877. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 21.23 and a beta of 1.31. The firm has a 50 day moving average of $120.59 and a two-hundred day moving average of $111.64. The company has a current ratio of 1.91, a quick ratio of 1.14 and a debt-to-equity ratio of 1.60. Beacon Roofing Supply, Inc. has a 1 year low of $77.54 and a 1 year high of $124.19.

Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $1.65 EPS for the quarter, missing analysts' consensus estimates of $1.66 by ($0.01). Beacon Roofing Supply had a net margin of 3.86% and a return on equity of 25.32%. The business had revenue of $2.40 billion during the quarter, compared to analysts' expectations of $2.43 billion. Equities analysts predict that Beacon Roofing Supply, Inc. will post 7.22 EPS for the current fiscal year.

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.