Teachers Advisors LLC raised its stake in Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 5.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 405,191 shares of the company’s stock after buying an additional 19,541 shares during the quarter. Teachers Advisors LLC owned 0.67% of Beacon Roofing Supply worth $19,854,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System increased its stake in Beacon Roofing Supply by 0.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 41,064 shares of the company’s stock valued at $2,019,000 after buying an additional 104 shares during the period. Huntington National Bank increased its stake in Beacon Roofing Supply by 3.8% in the 2nd quarter. Huntington National Bank now owns 3,138 shares of the company’s stock valued at $154,000 after buying an additional 116 shares during the period. Virginia Retirement Systems ET AL increased its stake in Beacon Roofing Supply by 5.4% in the 1st quarter. Virginia Retirement Systems ET AL now owns 5,900 shares of the company’s stock valued at $290,000 after buying an additional 300 shares during the period. Bbva Compass Bancshares Inc. increased its stake in Beacon Roofing Supply by 8.3% in the 2nd quarter. Bbva Compass Bancshares Inc. now owns 6,448 shares of the company’s stock valued at $316,000 after buying an additional 495 shares during the period. Finally, Aperio Group LLC increased its stake in Beacon Roofing Supply by 4.8% in the 2nd quarter. Aperio Group LLC now owns 12,060 shares of the company’s stock valued at $591,000 after buying an additional 547 shares during the period.

BECN has been the topic of several research reports. BidaskClub lowered shares of Beacon Roofing Supply from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Beacon Roofing Supply in a research note on Tuesday, September 12th. Northcoast Research upgraded shares of Beacon Roofing Supply from a “neutral” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Friday, August 25th. Jefferies Group LLC upgraded shares of Beacon Roofing Supply from a “hold” rating to a “buy” rating and upped their price objective for the company from $50.00 to $54.00 in a research note on Friday, August 25th. Finally, KeyCorp reiterated a “buy” rating and issued a $56.00 price objective on shares of Beacon Roofing Supply in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Beacon Roofing Supply presently has an average rating of “Buy” and a consensus price target of $52.00.

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Beacon Roofing Supply, Inc. (NASDAQ BECN) opened at 49.91 on Monday. The stock’s 50 day moving average is $45.06 and its 200 day moving average is $47.77. Beacon Roofing Supply, Inc. has a 52 week low of $39.57 and a 52 week high of $52.12. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 29.64 and a beta of 1.30.

Beacon Roofing Supply (NASDAQ:BECN) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.06). Beacon Roofing Supply had a net margin of 2.42% and a return on equity of 9.55%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter last year, the business earned $0.77 earnings per share. Beacon Roofing Supply’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts expect that Beacon Roofing Supply, Inc. will post $2.20 EPS for the current year.

Beacon Roofing Supply Company Profile

Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products.

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

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