Marshall Wace LLP Takes Position in Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Marshall Wace LLP purchased a new stake in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 45,459 shares of the company’s stock, valued at approximately $1,462,000. Marshall Wace LLP owned approximately 0.07% of Beacon Roofing Supply at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Sapience Investments LLC grew its stake in Beacon Roofing Supply by 22.5% in the 1st quarter. Sapience Investments LLC now owns 807,550 shares of the company’s stock worth $25,971,000 after acquiring an additional 148,410 shares during the period. WCM Investment Management LLC boosted its holdings in shares of Beacon Roofing Supply by 68.9% in the 1st quarter. WCM Investment Management LLC now owns 299,705 shares of the company’s stock valued at $9,639,000 after purchasing an additional 122,211 shares during the last quarter. CIBC Private Wealth Group LLC acquired a new position in shares of Beacon Roofing Supply in the 1st quarter valued at $425,000. Citizens Financial Group Inc RI acquired a new position in shares of Beacon Roofing Supply during the 1st quarter valued at $343,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Beacon Roofing Supply by 59,763.0% during the 1st quarter. Acadian Asset Management LLC now owns 27,537 shares of the company’s stock valued at $886,000 after acquiring an additional 27,491 shares in the last quarter.

Shares of BECN stock traded down $0.58 during trading hours on Thursday, reaching $35.50. 536,952 shares of the stock traded hands, compared to its average volume of 724,071. Beacon Roofing Supply, Inc. has a 1-year low of $24.97 and a 1-year high of $43.91. The firm has a fifty day moving average of $35.52. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.27 and a quick ratio of 1.22. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 1.23 and a beta of 1.45.

Beacon Roofing Supply (NASDAQ:BECN) last released its quarterly earnings data on Tuesday, May 7th. The company reported ($0.45) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.51) by $0.06. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.38 billion. Beacon Roofing Supply had a net margin of 0.41% and a return on equity of 10.76%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.35) EPS. As a group, analysts forecast that Beacon Roofing Supply, Inc. will post 2.91 earnings per share for the current year.

Several research firms recently weighed in on BECN. Raymond James lifted their target price on shares of Whitecap Resources from C$8.50 to C$8.75 and gave the company a “strong-buy” rating in a report on Monday, June 10th. Zacks Investment Research upgraded shares of Jack Henry & Associates from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Wedbush reaffirmed an “outperform” rating on shares of Purple Innovation in a research note on Wednesday, May 8th. ValuEngine downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, May 28th. Finally, Robert W. Baird lifted their price target on shares of Thermo Fisher Scientific from $270.00 to $288.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $37.33.

In other Beacon Roofing Supply news, Director Richard W. Frost bought 11,754 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was bought at an average cost of $34.17 per share, with a total value of $401,634.18. Following the completion of the transaction, the director now directly owns 34,249 shares of the company’s stock, valued at approximately $1,170,288.33. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Cd&R Investment Associates Ix, acquired 4,625,998 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were purchased at an average cost of $34.17 per share, with a total value of $158,070,351.66. The disclosure for this purchase can be found here. Insiders own 1.20% of the company’s stock.

Beacon Roofing Supply Company Profile

Beacon Roofing Supply, Inc, together with its subsidiaries, distributes residential and commercial roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. The company'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 solar systems.

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Institutional Ownership by Quarter for Beacon Roofing Supply (NASDAQ:BECN)

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