Bbva Compass Bancshares Inc. Buys 495 Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Bbva Compass Bancshares Inc. increased its position in Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 8.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 6,448 shares of the company’s stock after buying an additional 495 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Beacon Roofing Supply were worth $316,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Legato Capital Management LLC boosted its position in Beacon Roofing Supply by 4,816.0% in the first quarter. Legato Capital Management LLC now owns 100,090 shares of the company’s stock worth $2,036,000 after buying an additional 98,054 shares during the period. Rice Hall James & Associates LLC raised its position in Beacon Roofing Supply by 61.0% in the first quarter. Rice Hall James & Associates LLC now owns 411,560 shares of the company’s stock valued at $20,232,000 after buying an additional 156,002 shares during the last quarter. First Manhattan Co. raised its position in Beacon Roofing Supply by 0.3% in the first quarter. First Manhattan Co. now owns 325,710 shares of the company’s stock valued at $13,702,000 after buying an additional 927 shares during the last quarter. Fisher Asset Management LLC raised its position in Beacon Roofing Supply by 2.0% in the first quarter. Fisher Asset Management LLC now owns 1,707,865 shares of the company’s stock valued at $83,959,000 after buying an additional 33,034 shares during the last quarter. Finally, Strs Ohio raised its position in Beacon Roofing Supply by 0.4% in the first quarter. Strs Ohio now owns 111,100 shares of the company’s stock valued at $5,461,000 after buying an additional 400 shares during the last quarter.

Shares of Beacon Roofing Supply, Inc. (NASDAQ BECN) traded down 1.35% during midday trading on Friday, hitting $40.31. The stock had a trading volume of 466,172 shares. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 23.94 and a beta of 1.32. Beacon Roofing Supply, Inc. has a 1-year low of $39.50 and a 1-year high of $52.12. The firm has a 50-day moving average price of $45.70 and a 200-day moving average price of $47.53.

Beacon Roofing Supply (NASDAQ:BECN) last posted its earnings results on Wednesday, August 2nd. The company reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by $0.06. Beacon Roofing Supply had a net margin of 2.42% and a return on equity of 9.55%. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the business earned $0.77 earnings per share. Beacon Roofing Supply’s quarterly revenue was up 5.3% on a year-over-year basis. On average, equities analysts anticipate that Beacon Roofing Supply, Inc. will post $2.20 EPS for the current fiscal year.

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Several equities analysts recently commented on the company. Royal Bank Of Canada dropped their target price on Beacon Roofing Supply from $58.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, August 4th. BidaskClub lowered Beacon Roofing Supply from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Wedbush restated a “neutral” rating and set a $47.00 price target on shares of Beacon Roofing Supply in a research note on Wednesday, May 31st. Zacks Investment Research lowered Beacon Roofing Supply from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Citigroup Inc. restated a “buy” rating and set a $52.00 price target (up from $48.00) on shares of Beacon Roofing Supply in a research note on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $50.50.

About Beacon Roofing Supply

Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products.

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

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