Susquehanna Fundamental Investments LLC Acquires New Position in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,737 shares of the company's stock, valued at approximately $2,106,000.

A number of other hedge funds have also bought and sold shares of BECN. Charles Schwab Investment Management Inc. lifted its stake in shares of Beacon Roofing Supply by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 615,174 shares of the company's stock valued at $62,489,000 after purchasing an additional 11,426 shares during the period. Adage Capital Partners GP L.L.C. bought a new position in shares of Beacon Roofing Supply during the 4th quarter worth approximately $11,185,000. Raymond James Financial Inc. acquired a new stake in shares of Beacon Roofing Supply during the 4th quarter worth approximately $24,162,000. Barclays PLC grew its position in shares of Beacon Roofing Supply by 272.0% during the 3rd 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. Finally, Boston Partners lifted its position in shares of Beacon Roofing Supply by 1.3% during the 4th quarter. Boston Partners now owns 4,531,106 shares of the company's stock valued at $462,417,000 after acquiring an additional 59,630 shares during the period. Institutional investors own 98.45% of the company's stock.

Beacon Roofing Supply Stock Performance

BECN remained flat at $124.17 during mid-day trading on Monday. Beacon Roofing Supply, Inc. has a twelve month low of $77.54 and a twelve month high of $124.31. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.91 and a quick ratio of 1.14. The firm has a market capitalization of $7.67 billion, a P/E ratio of 21.23 and a beta of 1.31. The firm has a fifty day moving average price of $121.27 and a 200-day moving average price of $112.70.

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

Insider Activity

In related news, EVP Christopher Carl Nelson sold 16,595 shares of the firm's stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $123.61, for a total transaction of $2,051,307.95. Following the completion of the sale, the executive vice president now owns 463 shares in the company, valued at approximately $57,231.43. This trade represents a 97.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Clement Munroe Best III sold 29,724 shares of the business's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $123.05, for a total transaction of $3,657,538.20. Following the completion of the transaction, the insider now owns 87,943 shares in the company, valued at approximately $10,821,386.15. The trade was a 25.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,806 shares of company stock valued at $6,745,448 over the last three months. Corporate insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

BECN has been the subject of a number of research reports. BMO Capital Markets restated a "market perform" rating and issued a $124.35 price target (down from $130.00) on shares of Beacon Roofing Supply in a report on Thursday, April 17th. Robert W. Baird increased their price target on Beacon Roofing Supply from $120.00 to $124.00 and gave the stock an "outperform" rating in a report on Friday, February 28th. Loop Capital restated a "hold" rating and set a $124.00 price objective on shares of Beacon Roofing Supply in a report on Friday, March 21st. Stifel Nicolaus cut 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 report on Friday, February 7th. Finally, StockNews.com assumed coverage on shares of Beacon Roofing Supply in a research note on Sunday. They set a "sell" rating for the company. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $124.78.

Beacon Roofing Supply 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.