Keeley Teton Advisors LLC Has $3.40 Million Position in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Keeley Teton Advisors LLC lowered its position in Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 6.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 33,430 shares of the company’s stock after selling 2,244 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Beacon Roofing Supply were worth $3,396,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in BECN. SBI Securities Co. Ltd. acquired a new position in Beacon Roofing Supply during the fourth quarter worth $31,000. PNC Financial Services Group Inc. lifted its position in shares of Beacon Roofing Supply by 38.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 591 shares of the company’s stock worth $60,000 after purchasing an additional 163 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Beacon Roofing Supply by 26.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the company’s stock valued at $73,000 after purchasing an additional 150 shares during the period. Principal Securities Inc. grew its holdings in Beacon Roofing Supply by 16.5% in the 4th quarter. Principal Securities Inc. now owns 1,381 shares of the company’s stock valued at $140,000 after buying an additional 196 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in Beacon Roofing Supply in the 4th quarter worth approximately $152,000. Institutional investors own 98.45% of the company’s stock.

Insider Transactions at Beacon Roofing Supply

In related news, EVP Christopher Carl Nelson sold 16,595 shares of the stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $123.61, for a total value of $2,051,307.95. Following the transaction, the executive vice president now directly owns 463 shares in the company, valued at $57,231.43. This represents a 97.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Clement Munroe Best III sold 29,724 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was sold at an average price of $123.05, for a total value of $3,657,538.20. Following the completion of the transaction, the insider now owns 87,943 shares in the company, valued at $10,821,386.15. This represents a 25.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,806 shares of company stock worth $6,745,448. Insiders own 1.30% of the company’s stock.

Beacon Roofing Supply Price Performance

NASDAQ:BECN opened at $123.38 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.91 and a debt-to-equity ratio of 1.60. The firm has a market cap of $7.62 billion, a PE ratio of 21.09 and a beta of 1.31. Beacon Roofing Supply, Inc. has a 12 month low of $77.54 and a 12 month high of $123.90. The company’s 50-day moving average price is $119.80 and its two-hundred day moving average price is $109.50.

Beacon Roofing Supply (NASDAQ:BECN) last announced its earnings results on Thursday, February 27th. The company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.66 by ($0.01). Beacon Roofing Supply had a return on equity of 25.32% and a net margin of 3.86%. The business had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.43 billion. On average, equities analysts anticipate that Beacon Roofing Supply, Inc. will post 7.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BECN. William Blair reissued a “market perform” rating on shares of Beacon Roofing Supply in a research report on Thursday, March 20th. Stifel Nicolaus downgraded shares of Beacon Roofing Supply from a “buy” rating to a “hold” rating and reduced their price target for the company from $131.00 to $122.55 in a report on Friday, February 7th. Loop Capital restated a “hold” rating and set a $124.00 price objective on shares of Beacon Roofing Supply in a report on Friday, March 21st. Robert W. Baird increased their target price on shares of Beacon Roofing Supply from $120.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, February 28th. Finally, BMO Capital Markets decreased their target price on Beacon Roofing Supply from $136.00 to $130.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $122.10.

Beacon Roofing Supply Profile

Beacon Roofing Supply, Inc, together with its subsidiaries, engages in the distribution of residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers in the United States and Canada. The company offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment.