Captrust Financial Advisors Sells 253 Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Captrust Financial Advisors cut its stake in Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,625 shares of the company’s stock after selling 253 shares during the period. Captrust Financial Advisors’ holdings in Beacon Roofing Supply were worth $2,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Barclays PLC raised its position in Beacon Roofing Supply by 272.0% in the 3rd quarter. Barclays PLC now owns 122,024 shares of the company’s stock worth $10,547,000 after purchasing an additional 89,222 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Beacon Roofing Supply by 11.8% during the third quarter. Tidal Investments LLC now owns 5,022 shares of the company’s stock valued at $434,000 after acquiring an additional 530 shares during the period. KBC Group NV boosted its holdings in Beacon Roofing Supply by 45.0% in the fourth quarter. KBC Group NV now owns 2,505 shares of the company’s stock valued at $254,000 after acquiring an additional 777 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in Beacon Roofing Supply in the fourth quarter worth about $205,000. Finally, Trust Point Inc. bought a new stake in Beacon Roofing Supply during the 4th quarter worth about $200,000. 98.45% of the stock is owned by institutional investors.

Insider Activity at Beacon Roofing Supply

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

Analyst Ratings Changes

BECN has been the topic of several recent research reports. Zelman & Associates lowered shares of Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 16th. Raymond James cut shares of Beacon Roofing Supply from a “moderate buy” rating to a “hold” rating in a research note on Friday, March 21st. Royal Bank of Canada lowered shares of Beacon Roofing Supply from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $124.00 to $124.35 in a report on Wednesday, April 2nd. Stifel Nicolaus downgraded Beacon Roofing Supply from a “buy” rating to a “hold” rating and cut their price target for the company from $131.00 to $122.55 in a research note on Friday, February 7th. Finally, William Blair restated a “market perform” rating on shares of Beacon Roofing Supply in a research report on Thursday, March 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $124.78.

Beacon Roofing Supply Price Performance

BECN opened at $124.17 on Monday. The stock has a market cap of $7.67 billion, a P/E ratio of 21.23 and a beta of 1.31. Beacon Roofing Supply, Inc. has a 12 month low of $77.54 and a 12 month high of $124.31. The company has a quick ratio of 1.14, a current ratio of 1.91 and a debt-to-equity ratio of 1.60. The company has a fifty day simple moving average of $122.27 and a 200 day simple moving average of $113.76.

Beacon Roofing Supply (NASDAQ:BECN) last posted its earnings results 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). The business had revenue of $2.40 billion during 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%. On average, research analysts expect that Beacon Roofing Supply, Inc. will post 7.22 EPS for the current year.

Beacon Roofing Supply Company 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.