New Beacon Roofing Supply (NASDAQ:BECN)’s Coverage By MKM Partners with $61 Target.

June 29, 2018 - By Jacqueline McKee

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

During Q1 2018 the big money sentiment decreased to 0.86. That’s change of 0.52, from 2017Q4’s 1.38. 36 investors sold all, 89 reduced holdings as Beacon Roofing Supply, Inc. ratio is negative. 71 increased holdings while 36 funds bought holdings. Funds hold 63.59 million shares thus 1.89% less from 2017Q4’s 64.82 million shares.

Jpmorgan Chase Company reported 0% of its capital in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Carroll Financial owns 122 shs for 0% of their capital. Renaissance Techs Ltd Liability has invested 0.02% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). 158 are owned by Reilly Fincl Advsr Ltd Liability Co. Moreover, Citadel Advisors Lc has 0% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Df Dent Inc invested 0.03% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Rhumbline Advisers accumulated 71,721 shs. Morgan Stanley accumulated 0.01% or 485,226 shs. Hood River Mgmt Limited Liability Company accumulated 349,930 shs or 1.04% of the stock. 454,540 were accumulated by Retail Bank Of America De. Hsbc Hldgs Public Ltd Liability Company holds 0% or 7,415 shs in its capital. Parametric Portfolio Associates Limited holds 118,915 shs or 0.01% of its capital. Amalgamated Savings Bank reported 9,086 shs stake. Zacks Inv Mngmt reported 18,549 shs stake. Captrust Fincl Advisors stated it has 0% of its capital in Beacon Roofing Supply, Inc. (NASDAQ:BECN).

Beacon Roofing Supply, Inc. had 0 insider sales and 2 insider purchases since May 18, 2018. This’s net activity of $601,743. $99,912 worth of Beacon Roofing Supply, Inc. (NASDAQ:BECN) was bought by NOWICKI JOSEPH M on Friday, May 18.

What Price Target Has MKM Partners Given Beacon Roofing Supply (NASDAQ:BECN)

MKM Partners disclosed on Thursday morning an analyst note that it began coverage on Beacon Roofing Supply (NASDAQ:BECN) that has $61 PT on BECN and Buy rating.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Ratings Coverage

A total of 10 analysts rate Beacon Roofing Supply (NASDAQ:BECN) as follows: 6 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 60% are bullish. (NASDAQ:BECN) has 15 ratings reports on Jun 29, 2018 according to StockzIntelligence. On Monday, May 14 the firm earned “Hold” rating by Northcoast. On Thursday, May 10 the company was downgraded by JP Morgan. On Wednesday, January 17 the stock has “Buy” rating by Jefferies. On Friday, February 9 the rating was maintained by Citigroup with “Neutral”. On Tuesday, February 13 the firm has “Outperform” rating given by Wedbush. On Thursday, June 28 the firm has “Sector Perform” rating given by RBC Capital Markets. In Monday, January 8 report Northcoast maintained the stock with “Buy” rating. On Thursday, January 4 the rating was maintained by Seaport Global with “Buy”. On Wednesday, May 9 Jefferies downgraded the shares of BECN in report to “Hold” rating. On Friday, February 9 the firm earned “Buy” rating by RBC Capital Markets.

BECN is reaching $42.32 during the last trading session, after increased 0.43%.Beacon Roofing Supply, Inc. has volume of 470,279 shares. Since June 29, 2017 BECN has declined 14.29% and is downtrending. BECN underperformed the S&P 500 by 26.86%.

Investors wait Beacon Roofing Supply, Inc. (NASDAQ:BECN)’s quarterly earnings on August, 1., according to RTT. Analysts expect change of 58.33 % or $0.49 from previous year’s $0.84 EPS compared to current’s $1.33 EPS. If EPS of $1.33 is reported the profit of BECN could be $90.54M giving it 7.95 P/E. Wall Street predicts -480.00 % EPS growth as of August, 1.

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 firm is valued at $2.88 billion. 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 other accessories.32.31 is the 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.

Another two news for Beacon Roofing Supply, Inc. (NASDAQ:BECN) were briefly brought out by: Businesswire.com on June 28, 2018 with title “Beacon Roofing Supply Awarded Nationally Acclaimed Partners of Choice Award from David Weekley Homes”. The other Globenewswire.com‘s article was titled “Market Trends Toward New Normal in TPI Composites, Beacon Roofing Supply, Piper Jaffray Companies, SunCoke …” and brought out on June 22, 2018.

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

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