Aristides Capital LLC Grows Stake in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Aristides Capital LLC lifted its stake in Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 32.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,334 shares of the company’s stock after buying an additional 810 shares during the quarter. Aristides Capital LLC’s holdings in Beacon Roofing Supply were worth $339,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Beacon Roofing Supply in the fourth quarter worth about $31,000. Quarry LP increased its position in shares of Beacon Roofing Supply by 180.7% during the third quarter. Quarry LP now owns 306 shares of the company’s stock valued at $26,000 after acquiring an additional 197 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Beacon Roofing Supply by 38.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 591 shares of the company’s stock valued at $60,000 after acquiring an additional 163 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings 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 worth $73,000 after acquiring an additional 150 shares during the last quarter. Finally, Principal Securities Inc. lifted its position in Beacon Roofing Supply by 16.5% in the 4th quarter. Principal Securities Inc. now owns 1,381 shares of the company’s stock valued at $140,000 after acquiring an additional 196 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Beacon Roofing Supply Stock Down 1.0 %

Shares of BECN stock opened at $122.43 on Monday. 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 12 month low of $77.54 and a 12 month high of $123.90. The stock has a market cap of $7.56 billion, a P/E ratio of 20.93 and a beta of 1.31. The company has a 50 day simple moving average of $119.17 and a two-hundred day simple moving average of $107.61.

Beacon Roofing Supply (NASDAQ:BECN) last posted its quarterly earnings data on Thursday, February 27th. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.01). The company had revenue of $2.40 billion during the quarter, compared to analysts’ expectations of $2.43 billion. Beacon Roofing Supply had a return on equity of 25.32% and a net margin of 3.86%. On average, research analysts expect that Beacon Roofing Supply, Inc. will post 7.22 earnings per share for the current year.

Wall Street Analyst Weigh In

BECN has been the subject of a number of research analyst reports. Zelman & Associates lowered Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 16th. Royal Bank of Canada lowered Beacon Roofing Supply from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $124.00 to $124.35 in a research report on Wednesday, April 2nd. StockNews.com began coverage on shares of Beacon Roofing Supply in a research note on Wednesday, April 2nd. They set a “sell” rating on the stock. Loop Capital reiterated a “hold” rating and issued a $124.00 price target on shares of Beacon Roofing Supply in a research note on Friday, March 21st. Finally, Stifel Nicolaus downgraded shares of Beacon Roofing Supply from a “buy” rating to a “hold” rating and lowered their price objective for the company from $131.00 to $122.55 in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Beacon Roofing Supply currently has a consensus rating of “Hold” and a consensus price target of $122.10.

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.