Beacon Roofing Supply, Inc. (NASDAQ:BECN) Shares Purchased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG boosted its stake in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 13.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 56,792 shares of the company’s stock after buying an additional 6,677 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned 0.09% of Beacon Roofing Supply worth $5,769,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BECN. Vanguard Group Inc. raised its stake in shares of Beacon Roofing Supply by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 6,509,495 shares of the company’s stock worth $661,235,000 after buying an additional 24,027 shares during the last quarter. Boston Partners raised its position in 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 acquiring an additional 59,630 shares during the last quarter. State Street Corp lifted its holdings in shares of Beacon Roofing Supply by 1.1% in the third quarter. State Street Corp now owns 1,471,500 shares of the company’s stock valued at $127,182,000 after purchasing an additional 15,505 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Beacon Roofing Supply by 2.1% in the fourth quarter. Fisher Asset Management LLC now owns 1,014,087 shares of the company’s stock valued at $103,011,000 after purchasing an additional 20,372 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Beacon Roofing Supply by 2.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 985,199 shares of the company’s stock worth $100,076,000 after purchasing an additional 22,122 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Beacon Roofing Supply Stock Performance

Beacon Roofing Supply stock opened at $123.70 on Tuesday. The firm has a market capitalization of $7.62 billion, a PE ratio of 21.15 and a beta of 1.63. Beacon Roofing Supply, Inc. has a one year low of $77.54 and a one year high of $123.90. The stock’s 50 day moving average price is $118.65 and its 200 day moving average price is $106.53. 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) last released its quarterly earnings results on Thursday, February 27th. The company reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). The firm had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.43 billion. Beacon Roofing Supply had a net margin of 3.86% and a return on equity of 25.32%. As a group, sell-side analysts expect that Beacon Roofing Supply, Inc. will post 7.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BECN shares. Loop Capital reiterated a “hold” rating and set a $124.00 target price 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 dropped their price objective for the stock from $131.00 to $122.55 in a research report on Friday, February 7th. Benchmark restated a “buy” rating and issued a $140.00 target price on shares of Beacon Roofing Supply in a report on Monday, March 3rd. Raymond James downgraded shares of Beacon Roofing Supply from a “moderate buy” rating to a “hold” rating in a report on Friday, March 21st. Finally, Zelman & Associates cut Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $120.95.

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.