Beacon Roofing Supply Inc (NASDAQ: BECN) is 24.78% higher on its value in year-to-date trading and has touched a low of $77.54 and a high of $116.30 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 $108.94 in the last trading session, with the day’s loss setting it -0.36%.
Currently trading at $108.58, the stock is 8.40% and 15.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing -0.33% at the moment leaves the stock 17.17% off its SMA200. BECN registered 34.05% gain for a year compared to 6-month loss of 14.50%. The firm has a 50-day simple moving average (SMA 50) of $93.3068 and a 200-day simple moving average (SMA200) of $92.5476.
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The stock witnessed a 17.54% gain in the last 1 month and extending the period to 3 months gives it a 19.85%, and is 7.56% 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 5.65% over the week and 3.74% over the month.
Beacon Roofing Supply Inc (BECN) has around 8063 employees, a market worth around $6.72B and $9.66B in sales. Current P/E ratio is 18.57 and Fwd P/E is 13.53. Profit margin for the company is 3.86%. Distance from 52-week low is 40.03% and -6.64% from its 52-week high. The company has generated returns on investments over the last 12 months (6.84%).
The EPS is expected to shrink by -10.08% this year
431.0 institutions hold shares in Beacon Roofing Supply Inc (BECN), with institutional investors hold 99.61% of the company’s shares. The shares outstanding are 63.30M, and float is at 61.42M with Short Float at 2.71%. Institutions hold 98.97% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.8 million shares valued at $615.63 million. The investor’s holdings represent 10.6957 of the BECN Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 5.47 million shares valued at $495.24 million to account for 8.6041 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 4.95 million shares representing 7.7756 and valued at over $447.55 million, while BOSTON PARTNERS holds 5.8442 of the shares totaling 3.72 million with a market value of $337.12 million.
Beacon Roofing Supply Inc (BECN) Insider Activity
The most recent transaction is an insider sale by Taylor Jason L, the company’s President, West Division. SEC filings show that Taylor Jason L sold 2,600 shares of the company’s common stock on Nov 18 ’24 at a price of $110.00 per share for a total of $0.29 million. Following the sale, the insider now owns 6531.0 shares.
Still, SEC filings show that on Nov 08 ’24, CLEMENT MUNROE BEST III (Officer) Proposed Sale 7,037 shares at an average price of $103.14 for $0.73 million. The insider now directly holds shares of Beacon Roofing Supply Inc (BECN).
