Here’s how analysts see Beacon Roofing Supply, Inc. (NASDAQ:BECN) after this past week.

August 9, 2018 - By Vernon Prom

Beacon Roofing Supply, Inc. (NASDAQ:BECN) LogoInvestors sentiment decreased to 0.86 in Q1 2018. Its down 0.52, from 1.38 in 2017Q4. It dropped, as 36 investors sold Beacon Roofing Supply, Inc. shares while 89 reduced holdings. 36 funds opened positions while 71 raised stakes. 63.59 million shares or 1.89% less from 64.82 million shares in 2017Q4 were reported.
Origin Asset Llp invested in 0.02% or 6,949 shares. Pub Employees Retirement Of Ohio holds 0.06% in Beacon Roofing Supply, Inc. (NASDAQ:BECN) or 216,173 shares. Bamco owns 987,019 shares for 0.24% of their portfolio. Bell Natl Bank invested 0.09% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). 2.54M are held by Dimensional Fund Ltd Partnership. Carroll Fin Associate holds 0% or 122 shares. Bluemountain Mngmt Limited has invested 0.15% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). California State Teachers Retirement holds 103,873 shares. Greenwood Capital Assoc reported 4,986 shares. Regent Inv holds 0.19% or 10,860 shares. Segall Bryant Hamill Limited has 0.01% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 10,714 shares. Df Dent And Company owns 21,481 shares. Wellington Grp Inc Llp reported 1.22M shares. Jpmorgan Chase And accumulated 0% or 32,918 shares. Cipher Cap Lp reported 22,162 shares.

Since May 18, 2018, it had 2 insider purchases, and 0 selling transactions for $601,743 activity. $99,912 worth of stock was bought by NOWICKI JOSEPH M on Friday, May 18.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Ratings Coverage

Among 10 analysts covering Beacon Roofing Supply (NASDAQ:BECN), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. Beacon Roofing Supply had 13 analyst reports since February 13, 2018 according to SRatingsIntel. The rating was downgraded by Citigroup on Wednesday, August 8 to “Neutral”. The firm earned “Underperform” rating on Wednesday, August 8 by Wells Fargo. The rating was maintained by Wedbush with “Outperform” on Wednesday, August 8. On Wednesday, May 9 the stock rating was downgraded by Jefferies to “Hold”. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) has “Hold” rating given on Monday, May 14 by Northcoast. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) has “Buy” rating given on Wednesday, May 9 by Wedbush. The firm has “Overweight” rating given on Friday, July 20 by Stephens. The rating was upgraded by Wedbush to “Outperform” on Tuesday, February 13. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, June 28. The firm earned “Neutral” rating on Thursday, May 10 by JP Morgan. Below is a list of Beacon Roofing Supply, Inc. (NASDAQ:BECN) latest ratings and price target changes.

08/08/2018 Broker: Wedbush Old Rating: Outperform New Rating: Outperform Old Target: $65 New Target: $50 Maintain
08/08/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Underperform Old Target: $58 Downgrade
08/08/2018 Broker: Citigroup Old Rating: Buy New Rating: Neutral Old Target: $51 New Target: $44 Downgrade
20/07/2018 Broker: Stephens Old Rating: Equal-Weight New Rating: Overweight Upgrade
28/06/2018 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform Downgrade
28/06/2018 Broker: M Partners Rating: Buy New Target: $61 Initiates Coverage On
28/06/2018 Broker: Evercore Rating: Buy New Target: $61 Initiates Coverage On
19/06/2018 Broker: Citigroup Old Rating: Neutral New Rating: Buy Old Target: $60 Reinitiate
14/05/2018 Broker: Northcoast Rating: Hold Downgrade
10/05/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Downgrade

The stock increased 7.55% or $2.76 during the last trading session, reaching $39.3. About 1.35M shares traded or 0.10% up from the average. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has declined 14.29% since August 9, 2017 and is downtrending. It has underperformed by 26.86% the S&P500.

Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and non-residential roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company has market cap of $2.68 billion. The companyÂ’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. It has a 30 P/E ratio. The Company’s non-residential roofing products comprise single-ply roofing, asphalt, metal, modified bitumen, and build-up roofing products; cements and coatings; flat stock and tapered insulations; commercial fasteners; metal edges and flashings; smoke/roof hatches; roofing tools; sheet metal products, including copper, aluminum, and steel; and PVC, thermoplastic olefin, and ethylene propylene diene monomer membrane products.

More notable recent Beacon Roofing Supply, Inc. (NASDAQ:BECN) news were published by: 247Wallst.com which released: “Beacon Roofing Gets Blown Away by Earnings and Analysts” on August 08, 2018, also Streetinsider.com with their article: “After-Hours Stock Movers 08/07: (AAOI) (DDD) (MTCH) Higher; (AMPE) (BECN) (CUTR) Lower (more…)” published on August 07, 2018, Benzinga.com published: “85 Biggest Movers From Yesterday” on August 09, 2018. More interesting news about Beacon Roofing Supply, Inc. (NASDAQ:BECN) were released by: Benzinga.com and their article: “40 Stocks Moving In Wednesday’s Pre-Market Session” published on August 08, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For August 8, 2018” with publication date: August 08, 2018.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Institutional Positions Chart

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