20,188 Shares in Beacon Roofing Supply, Inc. (NASDAQ:BECN) Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. acquired a new stake in Beacon Roofing Supply, Inc. (NASDAQ:BECN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,188 shares of the company’s stock, valued at approximately $2,051,000.

Other hedge funds also recently made changes to their positions in the company. Kennedy Capital Management LLC boosted its position in shares of Beacon Roofing Supply by 15.7% in the 4th quarter. Kennedy Capital Management LLC now owns 116,532 shares of the company’s stock valued at $11,837,000 after purchasing an additional 15,855 shares during the period. Phoenix Financial Ltd. acquired a new stake in shares of Beacon Roofing Supply in the fourth quarter valued at approximately $421,000. Bessemer Group Inc. grew its position in shares of Beacon Roofing Supply by 4.3% during the fourth quarter. Bessemer Group Inc. now owns 230,790 shares of the company’s stock worth $23,443,000 after acquiring an additional 9,484 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Beacon Roofing Supply during the fourth quarter worth approximately $24,162,000. Finally, Invesco Ltd. raised its position in Beacon Roofing Supply by 7.4% in the 4th quarter. Invesco Ltd. now owns 1,248,349 shares of the company’s stock valued at $126,807,000 after purchasing an additional 86,209 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Beacon Roofing Supply Price Performance

Shares of NASDAQ BECN opened at $123.85 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.14 and a current ratio of 1.91. Beacon Roofing Supply, Inc. has a one year low of $77.54 and a one year high of $123.90. The firm has a market capitalization of $7.65 billion, a P/E ratio of 21.17 and a beta of 1.31. The company’s fifty day moving average is $120.11 and its two-hundred day moving average is $110.39.

Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings data on Thursday, February 27th. The company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.40 billion for the quarter, compared to analysts’ expectations of $2.43 billion. Analysts forecast that Beacon Roofing Supply, Inc. will post 7.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BECN. Baird R W downgraded shares of Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 20th. BMO Capital Markets reissued a “market perform” rating and set a $124.35 price target (down previously from $130.00) on shares of Beacon Roofing Supply in a report on Thursday. Zelman & Associates downgraded Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 16th. Raymond James downgraded Beacon Roofing Supply from a “moderate buy” rating to a “hold” rating in a research note on Friday, March 21st. Finally, StockNews.com started coverage on Beacon Roofing Supply in a research note on Friday. They set a “sell” rating for the company. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have given 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 target price of $121.47.

Insider Buying and Selling

In other Beacon Roofing Supply news, insider Clement Munroe Best III sold 29,724 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $123.05, for a total value of $3,657,538.20. Following the sale, the insider now owns 87,943 shares of the company’s stock, valued at $10,821,386.15. This represents a 25.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jonathan Stuart Bennett sold 8,487 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $122.14, for a total transaction of $1,036,602.18. Following the transaction, the insider now directly owns 22,642 shares of the company’s stock, valued at approximately $2,765,493.88. This trade represents a 27.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,806 shares of company stock worth $6,745,448 in the last quarter. Company insiders own 1.30% of the company’s stock.

About Beacon Roofing Supply

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.