Public Employees Retirement Association of Colorado Has $19,317,000 Position in Beacon Roofing Supply, Inc. (BECN)

Public Employees Retirement Association of Colorado held its position in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 394,226 shares of the company’s stock at the end of the second quarter. Public Employees Retirement Association of Colorado owned approximately 0.65% of Beacon Roofing Supply worth $19,317,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its position in shares of Beacon Roofing Supply by 80,484.5% in the first quarter. BlackRock Inc. now owns 4,021,973 shares of the company’s stock worth $197,720,000 after buying an additional 4,016,982 shares in the last quarter. Norges Bank purchased a new stake in shares of Beacon Roofing Supply during the fourth quarter valued at $23,112,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Beacon Roofing Supply during the first quarter valued at $21,690,000. Vanguard Group Inc. increased its stake in shares of Beacon Roofing Supply by 5.4% in the first quarter. Vanguard Group Inc. now owns 4,845,530 shares of the company’s stock valued at $238,207,000 after buying an additional 246,233 shares during the period. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Beacon Roofing Supply during the first quarter valued at $8,849,000.

Shares of Beacon Roofing Supply, Inc. (NASDAQ BECN) opened at 40.31 on Friday. Beacon Roofing Supply, Inc. has a one year low of $39.50 and a one year high of $52.12. The stock has a market cap of $2.43 billion, a PE ratio of 23.94 and a beta of 1.32. The company has a 50-day moving average of $45.70 and a 200 day moving average of $47.53.

Beacon Roofing Supply (NASDAQ:BECN) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ 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 analyst estimates of $1.27 billion. During the same quarter in the previous year, the company posted $0.77 EPS. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, analysts predict that Beacon Roofing Supply, Inc. will post $2.20 earnings per share for the current year.

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Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $58.00 price target on shares of Beacon Roofing Supply in a research report on Monday, July 24th. Zacks Investment Research raised shares of Beacon Roofing Supply from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Wedbush reissued a “neutral” rating and set a $47.00 price target on shares of Beacon Roofing Supply in a research report on Wednesday, May 31st. BidaskClub downgraded shares of Beacon Roofing Supply from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Finally, Citigroup Inc. reissued a “buy” rating and set a $52.00 price target (up previously from $48.00) on shares of Beacon Roofing Supply in a research report on Thursday, May 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $50.50.

Beacon Roofing Supply Company Profile

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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