Vanguard Group Inc. lifted its position in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 1.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,892,191 shares of the company’s stock after purchasing an additional 46,661 shares during the period. Vanguard Group Inc. owned 8.11% of Beacon Roofing Supply worth $239,718,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Huntington National Bank boosted its holdings in shares of Beacon Roofing Supply by 3.8% during the second quarter. Huntington National Bank now owns 3,138 shares of the company’s stock worth $154,000 after purchasing an additional 116 shares during the period. Amalgamated Bank boosted its holdings in shares of Beacon Roofing Supply by 5.1% during the second quarter. Amalgamated Bank now owns 7,704 shares of the company’s stock worth $377,000 after purchasing an additional 373 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of Beacon Roofing Supply by 1.4% during the second quarter. UBS Asset Management Americas Inc. now owns 29,235 shares of the company’s stock worth $1,433,000 after purchasing an additional 395 shares during the period. Bbva Compass Bancshares Inc. boosted its holdings in shares of Beacon Roofing Supply by 8.3% during the second quarter. Bbva Compass Bancshares Inc. now owns 6,448 shares of the company’s stock worth $316,000 after purchasing an additional 495 shares during the period. Finally, Aperio Group LLC boosted its holdings in shares of Beacon Roofing Supply by 4.8% during the second quarter. Aperio Group LLC now owns 12,060 shares of the company’s stock worth $591,000 after purchasing an additional 547 shares during the period. Institutional investors own 91.22% of the company’s stock.

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A number of analysts have recently weighed in on the stock. Robert W. Baird reiterated a “buy” rating and set a $55.00 target price on shares of Beacon Roofing Supply in a report on Thursday. Royal Bank Of Canada restated a “buy” rating and issued a $53.00 price objective on shares of Beacon Roofing Supply in a report on Tuesday. Zacks Investment Research upgraded shares of Beacon Roofing Supply from a “strong sell” rating to a “hold” rating and set a $58.00 price objective for the company in a report on Tuesday, October 3rd. SunTrust Banks, Inc. restated a “buy” rating and issued a $55.00 price objective on shares of Beacon Roofing Supply in a report on Monday, October 2nd. Finally, KeyCorp restated a “buy” rating and issued a $56.00 price objective on shares of Beacon Roofing Supply in a report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $52.73.

Shares of Beacon Roofing Supply, Inc. (NASDAQ BECN) opened at 52.42 on Friday. The firm has a 50-day moving average of $49.81 and a 200 day moving average of $48.19. The stock has a market capitalization of $3.16 billion, a price-to-earnings ratio of 31.13 and a beta of 1.32. Beacon Roofing Supply, Inc. has a one year low of $39.57 and a one year high of $53.11.

Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.06). The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Beacon Roofing Supply had a net margin of 2.42% and a return on equity of 9.55%. Beacon Roofing Supply’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the firm earned $0.77 earnings per share. On average, equities research analysts predict that Beacon Roofing Supply, Inc. will post $2.19 EPS for the current year.

Beacon Roofing Supply 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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