On Jun 29, 2018 RBC Capital Reports Beacon Roofing Supply (NASDAQ:BECN)’s Rating Change From Outperform to Sector Perform.

June 29, 2018 - By Cynthia Ashman

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

Big Money Sentiment decreased to 0.86 in Q1 2018. It has change of 0.52, from 2017Q4’s 1.38. The ratio turned negative due to Beacon Roofing Supply, Inc. positioning: 36 sold and 89 reduced. 36 funds amassed positions and 71 increased positions. Investors holded 64.82 million in 2017Q4 but now own 63.59 million shares or 1.89% less.

357 were accumulated by Wealthtrust. Great West Life Assurance Commerce Can holds 0% or 7,057 shs. 2.18M are held by Fisher Asset Management Ltd Liability. Renaissance Limited stated it has 7,886 shs or 0.01% of all its holdings. Citigroup Inc reported 12,130 shs stake. Qs Investors Limited Liability Company stated it has 0% of its capital in Beacon Roofing Supply, Inc. (NASDAQ:BECN). The New York-based Cipher Cap Ltd Partnership has invested 0.14% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Howe Rusling, a New York-based fund reported 61 shs. 14,866 are held by Teacher Retirement System Of Texas. Northwestern Mutual Wealth Mgmt owns 165 shs. Origin Asset Mngmt Ltd Liability Partnership owns 6,949 shs. Loomis Sayles L P reported 248,368 shs. Lord Abbett & Limited Liability Com reported 0.26% stake. Parametric Assocs Ltd Limited Liability Company has invested 0.01% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Elk Creek Prns Lc holds 320,409 shs or 0.99% of its capital.

Beacon Roofing Supply, Inc. had 0 selling transactions and 2 insider buys since May 18, 2018. This’s net activity of $601,743. On Friday, May 18 NOWICKI JOSEPH M also bought $99,912 worth of Beacon Roofing Supply, Inc. (NASDAQ:BECN).

RBC Capital Downgraded Beacon Roofing Supply (NASDAQ:BECN)’s Stock Rating to Sector Perform.

On 28 June RBC Capital changed the $2.88B market cap company’s rating. research professionals has decreased it to Sector Perform from Outperform.

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

In total 10 analysts cover Beacon Roofing Supply (NASDAQ:BECN). “Buy” rating has 6, “Sell” are 0, while 4 are “Hold”. (NASDAQ:BECN) has 60% bullish analysts. 15 are the (NASDAQ:BECN)’s ratings reports on Jun 29, 2018 according to StockzIntelligence Inc. The company rating was maintained by Citigroup on Friday, February 9. On Tuesday, June 19 the firm has “Buy” rating given by Citigroup. On Monday, January 8 the rating was maintained by Northcoast with “Buy”. On Thursday, May 10 the stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Neutral” rating by JP Morgan. The stock rating was maintained by Jefferies with “Buy” on Wednesday, January 17. On Tuesday, February 13 the company was upgraded by Wedbush. On Monday, May 14 the stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) has “Hold” rating given by Northcoast. On Friday, February 9 RBC Capital Markets maintained the shares of BECN in report with “Buy” rating. On Thursday, June 28 RBC Capital Markets downgraded Beacon Roofing Supply, Inc. (NASDAQ:BECN) to “Sector Perform” rating. On Wednesday, May 9 the firm has “Buy” rating given by Wedbush.

The stock increased 0.45% or $0.19 during the last trading session, reaching $42.33.Beacon Roofing Supply, Inc. has volume of 503,714 shares. Since June 29, 2017 BECN has declined 14.29% and is downtrending. BECN underperformed by 26.86% the S&P500.

Beacon Roofing Supply, Inc. (NASDAQ:BECN)’s earnings report is expected by WallStreet on August, 1, RTT reports. Analysts expect change of 58.33 % or $0.49 from previous year’s $0.84 earnings per share compared to current’s $1.33 earnings per share. If earnings per share of $1.33 is published the profit of BECN could be $90.55 million giving it 7.96 P/E. After $-0.35 earnings per share was published previous quarter, analysts now see EPS growth of -480.00 % for Beacon Roofing Supply, Inc..

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 recently announced 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 announced on June 22, 2018.

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

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