Public Employees Retirement Association of Colorado maintained its position in shares of Beacon Roofing Supply Inc. (NASDAQ:BECN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 287,980 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado owned approximately 0.48% of Beacon Roofing Supply worth $13,094,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Springbok Capital Management LLC increased its position in shares of Beacon Roofing Supply by 275.5% in the first quarter. Springbok Capital Management LLC now owns 2,700 shares of the company’s stock valued at $111,000 after buying an additional 1,981 shares during the last quarter. BlackRock Inc. increased its position in shares of Beacon Roofing Supply by 116.8% in the first quarter. BlackRock Inc. now owns 3,442 shares of the company’s stock valued at $141,000 after buying an additional 1,854 shares during the last quarter. Bayesian Capital Management LP purchased a new position in shares of Beacon Roofing Supply during the first quarter valued at approximately $216,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Beacon Roofing Supply during the first quarter valued at approximately $299,000. Finally, Strs Ohio increased its position in shares of Beacon Roofing Supply by 111.1% in the second quarter. Strs Ohio now owns 7,600 shares of the company’s stock valued at $345,000 after buying an additional 4,000 shares during the last quarter.

Institutional Ownership by Quarter for Beacon Roofing Supply (NASDAQ:BECN)

Shares of Beacon Roofing Supply Inc. (NASDAQ:BECN) traded down 0.80% during midday trading on Thursday, hitting $42.37. 173,730 shares of the stock traded hands. Beacon Roofing Supply Inc. has a 52-week low of $32.24 and a 52-week high of $48.96. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 33.34 and a beta of 1.35. The stock has a 50-day moving average of $43.27 and a 200-day moving average of $44.07.

Beacon Roofing Supply (NASDAQ:BECN) last posted its earnings results on Tuesday, August 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.02. Beacon Roofing Supply had a net margin of 1.96% and a return on equity of 9.66%. The firm earned $1.15 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the company earned $0.56 EPS. The company’s revenue was up 60.5% on a year-over-year basis. On average, equities analysts predict that Beacon Roofing Supply Inc. will post $2.13 earnings per share for the current fiscal year.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Tuesday, June 28th. Jefferies Group assumed coverage on shares of Beacon Roofing Supply in a report on Wednesday, July 6th. They set a “hold” rating and a $46.00 price target on the stock. Robert W. Baird reiterated an “outperform” rating and set a $55.00 price target on shares of Beacon Roofing Supply in a report on Wednesday, July 6th. Finally, Wedbush reissued a “neutral” rating and issued a $50.00 price objective on shares of Beacon Roofing Supply in a research report on Tuesday, September 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Beacon Roofing Supply currently has a consensus rating of “Buy” and an average target price of $48.44.

In other news, Director Robert M. Mclaughlin acquired 6,000 shares of the stock in a transaction on Tuesday, August 9th. The stock was bought at an average price of $45.79 per share, with a total value of $274,740.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at $274,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Carl T. Berquist acquired 5,000 shares of the stock in a transaction on Wednesday, September 7th. The stock was purchased at an average cost of $44.81 per share, with a total value of $224,050.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at $224,050. The disclosure for this purchase can be found here. 1.15% of the stock is currently owned by company insiders.

Beacon Roofing Supply Company Profile

Beacon Roofing Supply, Inc is a distributor of residential and non-residential roofing materials in the United States. The Company operates in the wholesale distribution of building materials segment. The Company distributes other complementary building materials, such as waterproofing systems for residential and non-residential building exteriors.

5 Day Chart for NASDAQ:BECN

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