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Beacon Roofing Supply Inc (BECN): These Numbers Show Where NASDAQ:BECN Stock Is Going Next

Beacon Roofing Supply Inc (NASDAQ: BECN) is 12.64% higher on its value in year-to-date trading and has touched a low of $54.60 and a high of $96.86 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BECN stock was last observed hovering at around $95.05 in the last trading session, with the day’s gains setting it 2.97%.

Currently trading at $98.02, the stock is 9.83% and 12.87% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.61 million and changing 3.12% at the moment leaves the stock 19.96% off its SMA200. BECN registered 70.71% gain for a year compared to 6-month gain of 25.57%. The firm has a 50-day simple moving average (SMA 50) of $0.99 and a 200-day simple moving average (SMA200) of $10.18.

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The stock witnessed a 16.34% loss in the last 1 month and extending the period to 3 months gives it a 10.64%, and is 3.39% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.28% over the week and 2.45% over the month.

Beacon Roofing Supply Inc (BECN) has around 8063 employees, a market worth around $6.22B and $9.12B in sales. Fwd P/E is 11.57. Profit margin for the company is -0.25%. Distance from 52-week low is 79.52% and 1.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.50%).

Beacon Roofing Supply Inc quarterly earnings per share for the current quarter are estimated at $0.31 with sales reaching $1.88B over the same period.The EPS is expected to shrink by -3.96% this year, but quarterly earnings will post 4.70% year-over-year. Quarterly sales are estimated to grow 8.60% in year-over-year returns.

Beacon Roofing Supply Inc (BECN) Top Institutional Holders

434 institutions hold shares in Beacon Roofing Supply Inc (BECN), with institutional investors hold 93.59% of the company’s shares. The shares outstanding are 63.30M, and float is at 62.98M with Short Float at 2.36%. Institutions hold 93.01% of the Float.

The top institutional shareholder in the company is Clayton, Dubilier & Rice, LLC with over 15.19 million shares valued at $1.26 billion. The investor’s holdings represent 24.08% of the BECN Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 6.54 million shares valued at $543.09 million to account for 10.37% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 4.72 million shares representing 7.47% and valued at over $391.31 million, while Dimensional Fund Advisors LP holds 5.88% of the shares totaling 3.71 million with a market value of $307.63 million.

Beacon Roofing Supply Inc (BECN) Insider Activity

The most recent transaction is an insider sale by Taylor Jason L,the company’sPresident, West Division. SEC filings show that Taylor Jason L sold 1,805 shares of the company’s common stock on Mar 21 ’24 at a price of $95.00 per share for a total of $0.17 million. Following the sale, the insider now owns 10531.0 shares.

Beacon Roofing Supply Inc disclosed in a document filed with the SEC on Dec 20 ’23 that Taylor Jason L (President, West Division) sold a total of 1,806 shares of the company’s common stock. The trade occurred on Dec 20 ’23 and was made at $88.75 per share for $0.16 million. Following the transaction, the insider now directly holds 11178.0 shares of the BECN stock.

Still, SEC filings show that on Dec 14 ’23, Taylor Jason L (President, West Division) disposed off 1,806 shares at an average price of $83.85 for $0.15 million. The insider now directly holds 12,984 shares of Beacon Roofing Supply Inc (BECN).

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