What Will The Effects of a Robert W. Baird Downgrade Be For Beacon Roofing Supply (BECN) Shares?

October 2, 2018 - By olga

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Logo

Investors sentiment increased to 1.34 in Q2 2018. Its up 0.48, from 0.86 in 2018Q1. It increased, as 40 investors sold Beacon Roofing Supply, Inc. shares while 54 reduced holdings. 37 funds opened positions while 89 raised stakes. 71.31 million shares or 12.13% more from 63.59 million shares in 2018Q1 were reported.

65,274 are owned by Blair William Company Il. Impax Asset Mgmt Lc reported 1.14% stake. Fortaleza Asset Inc reported 0.95% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN). North Star Inv Mngmt Corp invested in 65 shares. Fiera Cap owns 166,042 shares. Sei Invs holds 254,389 shares. Jpmorgan Chase has 0% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 137,047 shares. First Manhattan holds 309,683 shares. Wolverine Asset Limited Company stated it has 25,000 shares or 0.01% of all its holdings. Oak Ridge Invests Ltd Liability Co owns 365,273 shares. Walleye Trading Lc accumulated 11,553 shares or 0% of the stock. Tompkins Corp holds 0.01% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 561 shares. Sterling Capital Management Limited Liability Company holds 42,372 shares. Oz Mngmt Lp has 0.23% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Fdx Advisors Inc accumulated 0.01% or 5,128 shares.

Since May 18, 2018, it had 3 buys, and 0 sales for $824,608 activity. Shares for $99,912 were bought by NOWICKI JOSEPH M on Friday, May 18. KNISELY PHILIP bought $222,865 worth of stock or 6,000 shares.

Beacon Roofing Supply (BECN) Receives a Downgrade

Shares of Beacon Roofing Supply (BECN) were cut to a Neutral by stock research analysts at Robert W. Baird. BECN’s rating of a Outperform has been discontinued.

The stock decreased 3.73% or $1.35 during the last trading session, reaching $34.84. About 1.24M shares traded or 1.90% up from the average. Beacon Roofing Supply, Inc. (BECN) has declined 14.85% since October 2, 2017 and is downtrending. It has underperformed by 30.47% the S&P500.

Analysts await Beacon Roofing Supply, Inc. (NASDAQ:BECN) to report earnings on November, 19. They expect $1.38 EPS, up 48.39 % or $0.45 from last year’s $0.93 per share. BECN’s profit will be $93.99M for 6.31 P/E if the $1.38 EPS becomes a reality. After $1.18 actual EPS reported by Beacon Roofing Supply, Inc. for the previous quarter, Wall Street now forecasts 16.95 % EPS growth.

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 $2.37 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 29.25 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 important recent Beacon Roofing Supply, Inc. (NASDAQ:BECN) news were published by: Seekingalpha.com which released: “Weekly Wrap: As Investors Remain Complacent, Insiders Are Cashing In Their Shares” on September 15, 2018, also Investorplace.com published article titled: “Trade of the Day: Beacon Roofing Supply, Inc. (BECN)”, Seekingalpha.com published: “Beacon Roofing Supply: A Value Gem With Upside Catalysts” on September 24, 2018. More interesting news about Beacon Roofing Supply, Inc. (NASDAQ:BECN) was released by: Benzinga.com and their article: “30 Stocks Moving In Monday’s Mid-Day Session” with publication date: September 10, 2018.

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

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