Beacon Roofing Supply, Inc. (BECN) Shares Down 5.2% Following Weak Earnings

Paterniano Del Favero
Agosto 6, 2017

Therefore 69% are positive. More interesting news about Beacon Roofing Supply, Inc. The consensus target price is $51.00 with 5 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 4 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell. Arcadia Mi invested 1.53% of its portfolio in Beacon Roofing Supply, Inc.

Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. (NASDAQ:BECN) on Wednesday, August 12 to "Hold" rating.

Beacon Roofing Supply, Inc. has a one year low of $39.50 and a one year high of $52.12. (NASDAQ:BECN) on Friday, June 10 to "Buy" rating. The rating was downgraded by Stephens to "Equal-Weight" on Monday, November 30. (NASDAQ:BECN) or 101,720 shares. The stock is trading $48.14 its 50-day moving average by 5.47%.

More notable recent Beacon Roofing Supply, Inc. They now have a Dollars 47 price target on the stock. Jennison Associates LLC now owns 279,488 shares of the company's stock worth $13,695,000 after buying an additional 159,210 shares during the period. The company's stock had a trading volume of 20,148 shares. The Company offers its products under various trade names, including Alabama Roofing Supply, Atlantic Building Products, Applicators Sales, Southern Roof Center, Statewide Wholesale, Structural Materials and The Roof Center. It has outperformed by 23.50% the S&P500.

Investors sentiment decreased to 1.08 in 2016 Q4. Its down 0.10, from 0.93 in 2016Q3.

A number of institutional investors have recently added to or reduced their stakes in BECN. Victory Management reported 997,460 shares. Kbc Grp Inc Nv reported 0.02% of its portfolio in Williams Companies Inc (NYSE:WMB). Hm Payson And owns 98,347 shares. Weiss Multi holds 150,303 shares. Amalgamated Natl Bank owns 7,338 shares for 0.02% of their portfolio. The California-based Blackrock Fund Advisors has invested 0% in the stock. Invesco invested in 0% or 60,893 shares.

In looking at volatility levels, the shares saw weekly volatility of 2.77% and 2.21% over the past month. 25,250 were reported by Management Assoc New York. About 1.28 million shares traded or 390.36% up from the average.

Equitec Proprietary Markets Llc decreased Valspar Corp (Put) (NYSE:VAL) stake by 3,500 shares to 1,500 valued at $155,000 in 2016Q4. It also reduced Spdr S&P 500 Etf Tr (SPY) stake by 4.08 million shares and now owns 278,405 shares. The stock has "Equal-Weight" rating by Stephens on Thursday, September 29. The firm has "Neutral" rating by Citigroup given on Monday, January 11. Barclays Capital has "Equal-Weight" rating and $28 target. The rating was maintained by Argus Research on Monday, August 22 with "Buy". Zacks Investment Research raised Beacon Roofing Supply from a hold rating to a buy rating and set a $55.00 price objective on the stock in a research report on Wednesday, July 5th. 32 funds opened positions while 61 raised stakes.

06/10/2016 - Beacon Roofing Supply, Inc. was upgraded to " by analysts at BB&T Capital Markets. Price T Rowe Associates Md accumulated 4.09M shares or 0.04% of the stock.

By historical standards, Beacon Roofing Supply, Inc. That suggests something of the likelihood of a short squeeze in shares of BECN.

07/29/2015 - Beacon Roofing Supply, Inc. was upgraded to " by analysts at CL King. (NASDAQ:BECN). Schwab Charles Inv Management invested in 0.02% or 321,906 shares. Renaissance Techs Lc holds 170,357 shares or 0.01% of its portfolio. Skylands Capital Limited Liability Co owns 16,900 shares. Rice Hall James & Assocs Ltd Com has 255,558 shares. Trexquant Inv Ltd Partnership has invested 0.14% in Beacon Roofing Supply, Inc.

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