Investors sentiment decreased to 0.94 in 2019 Q3. Its down 0.01, from 0.95 in 2019Q2. It dropped, as 30 investors sold Beacon Roofing Supply, Inc. shares while 47 reduced holdings. 28 funds opened positions while 44 raised stakes. 69.65 million shares or 12.64% more from 61.83 million shares in 2019Q2 were reported.
Howe Rusling, a New York-based fund reported 105 shares. Bnp Paribas Arbitrage Sa accumulated 12,452 shares or 0% of the stock. Fmr Lc accumulated 1.60 million shares. Price T Rowe Associate Inc Md stated it has 0.01% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Rhumbline Advisers stated it has 0.01% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Timessquare Capital Mngmt Limited Liability stated it has 0.51% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Moreover, Public Employees Retirement Association Of Colorado has 0.09% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 442,655 shares. Credit Suisse Ag has 60,051 shares. Manufacturers Life Comm The holds 0% or 41,787 shares. 111,359 are held by Employees Retirement System Of Ohio. Nuveen Asset Mgmt Limited Liability has invested 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Tudor Invest Et Al, Connecticut-based fund reported 6,650 shares. Bancshares Of Mellon accumulated 293,450 shares or 0% of the stock. Parametric Ltd Company holds 0% or 127,174 shares. Ny State Common Retirement Fund invested in 0.02% or 538,827 shares.
Since June 13, 2019, it had 3 insider buys, and 0 insider sales for $261.06 million activity. Shares for $158.08 million were bought by CD&R Investment Associates IX – Ltd..
Beacon Roofing Supply (NASDAQ:BECN) Receives a Downgrade
Beacon Roofing Supply (NASDAQ:BECN) shares have just seen their rating lowered by research analysts at BidaskScore to a ‘”Sell”‘ in analysts report published on Tuesday morning.
Beacon Roofing Supply, Inc. (NASDAQ:BECN) Ratings Coverage
Among 4 analysts covering Beacon Roofing Supply (NASDAQ:BECN), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. Beacon Roofing Supply has $3900 highest and $2900 lowest target. $34’s average target is 13.64% above currents $29.92 stock price. Beacon Roofing Supply had 7 analyst reports since September 26, 2019 according to SRatingsIntel. The firm has “Underweight” rating by JP Morgan given on Thursday, September 26. RBC Capital Markets maintained the shares of BECN in report on Tuesday, November 26 with “Sector Perform” rating. The rating was maintained by SunTrust with “Buy” on Tuesday, November 26.
The stock increased 2.75% or $0.8 during the last trading session, reaching $29.92. About 463,551 shares traded. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has declined 11.68% since December 12, 2018 and is downtrending. It has underperformed by 11.68% 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 $2.10 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 currently has negative earnings. 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: Benzinga.com which released: “38 Stocks Moving In Tuesday’s Mid-Day Session – Benzinga” on November 26, 2019, also Finance.Yahoo.com with their article: “Insider Buying: The Beacon Roofing Supply, Inc. (NASDAQ:BECN) Independent Director Just Bought US$90k Worth Of Shares – Yahoo Finance” published on December 04, 2019, Benzinga.com published: “24 Stocks Moving in Tuesday’s Pre-Market Session – Benzinga” on November 26, 2019. More interesting news about Beacon Roofing Supply, Inc. (NASDAQ:BECN) were released by: Seekingalpha.com and their article: “Beacon Roofing Supply EPS misses by $0.17, misses on revenue – Seeking Alpha” published on November 25, 2019 as well as Seekingalpha.com‘s news article titled: “Beacon Roofing Supply, Inc. 2019 Q2 – Results – Earnings Call Slides – Seeking Alpha” with publication date: May 08, 2019.
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