Janus Henderson Group PLC boosted its position in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 11.5% during the second quarter, HoldingsChannel reports. The firm owned 1,196,619 shares of the company’s stock after buying an additional 123,464 shares during the quarter. Janus Henderson Group PLC’s holdings in Beacon Roofing Supply were worth $51,000,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BECN. We Are One Seven LLC boosted its position in Beacon Roofing Supply by 194.6% during the first quarter. We Are One Seven LLC now owns 1,918 shares of the company’s stock worth $102,000 after purchasing an additional 1,267 shares in the last quarter. Suntrust Banks Inc. purchased a new stake in Beacon Roofing Supply during the first quarter worth $211,000. SG Americas Securities LLC acquired a new position in shares of Beacon Roofing Supply in the first quarter worth $244,000. Eqis Capital Management Inc. acquired a new position in shares of Beacon Roofing Supply in the second quarter worth $261,000. Finally, CIBC World Markets Inc. acquired a new position in shares of Beacon Roofing Supply in the second quarter worth $277,000.

BECN has been the subject of a number of analyst reports. Zacks Investment Research cut Beacon Roofing Supply from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. Wells Fargo & Co cut Beacon Roofing Supply from a “market perform” rating to an “underperform” rating and set a $58.00 price target for the company. in a report on Wednesday, August 8th. Jefferies Financial Group reissued a “hold” rating and issued a $40.00 price target on shares of Beacon Roofing Supply in a report on Friday, August 10th. Stephens raised Beacon Roofing Supply from an “equal weight” rating to an “overweight” rating in a report on Friday, July 20th. Finally, Citigroup raised Beacon Roofing Supply from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a report on Tuesday, June 19th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. Beacon Roofing Supply currently has a consensus rating of “Hold” and a consensus price target of $53.86.

In other Beacon Roofing Supply news, Director Philip Knisely bought 6,000 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was purchased at an average cost of $37.14 per share, for a total transaction of $222,840.00. Following the completion of the purchase, the director now owns 6,000 shares of the company’s stock, valued at approximately $222,840. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Cd&R Investment Associates Ix, bought 314,400 shares of the company’s stock in a transaction that occurred on Thursday, August 9th. The stock was acquired at an average price of $38.77 per share, with a total value of $12,189,288.00. The disclosure for this purchase can be found here. Corporate insiders own 0.77% of the company’s stock.

NASDAQ BECN opened at $38.14 on Friday. Beacon Roofing Supply, Inc. has a fifty-two week low of $35.04 and a fifty-two week high of $66.47. The firm has a market capitalization of $2.57 billion, a PE ratio of 15.46, a P/E/G ratio of 0.65 and a beta of 1.14. The company has a quick ratio of 1.14, a current ratio of 2.07 and a debt-to-equity ratio of 1.63.

Beacon Roofing Supply (NASDAQ:BECN) last released its earnings results on Tuesday, August 7th. The company reported $1.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.32 by ($0.14). The business had revenue of $1.93 billion during the quarter, compared to analyst estimates of $2.07 billion. Beacon Roofing Supply had a net margin of 1.65% and a return on equity of 9.94%. During the same quarter in the previous year, the company posted $0.84 earnings per share. research analysts predict that Beacon Roofing Supply, Inc. will post 3.03 earnings per share for the current fiscal year.

About Beacon Roofing Supply

Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and commercial roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company's residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and other accessories.

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

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