Beacon Roofing Supply, Inc. (NASDAQ:BECN) Shares Purchased by Natixis Advisors L.P.

Natixis Advisors L.P. grew its position in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN - Free Report) by 2.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 100,746 shares of the company's stock after purchasing an additional 1,960 shares during the period. Natixis Advisors L.P. owned 0.16% of Beacon Roofing Supply worth $5,928,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BECN. Advisor Group Holdings Inc. boosted its stake in shares of Beacon Roofing Supply by 37.5% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,101 shares of the company's stock worth $65,000 after purchasing an additional 300 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Beacon Roofing Supply by 11.6% during the 1st quarter. Raymond James & Associates now owns 13,449 shares of the company's stock worth $797,000 after purchasing an additional 1,397 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Beacon Roofing Supply during the 1st quarter worth about $317,000. AlphaCrest Capital Management LLC boosted its stake in shares of Beacon Roofing Supply by 4.0% during the 1st quarter. AlphaCrest Capital Management LLC now owns 7,063 shares of the company's stock worth $419,000 after purchasing an additional 273 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Beacon Roofing Supply by 27.0% during the 1st quarter. Bank of Montreal Can now owns 10,659 shares of the company's stock worth $665,000 after purchasing an additional 2,267 shares during the last quarter.

In related news, EVP Christopher Carl Nelson sold 8,611 shares of Beacon Roofing Supply stock in a transaction on Monday, June 12th. The shares were sold at an average price of $72.95, for a total transaction of $628,172.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Beacon Roofing Supply news, Director Stuart A. Randle sold 10,299 shares of the company's stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $72.43, for a total value of $745,956.57. Following the completion of the transaction, the director now owns 31,417 shares in the company, valued at approximately $2,275,533.31. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Christopher Carl Nelson sold 8,611 shares of the company's stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $72.95, for a total transaction of $628,172.45. The disclosure for this sale can be found here. Company insiders own 1.30% of the company's stock.

NASDAQ:BECN opened at $80.20 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.00 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 1.72 and a beta of 1.65. The firm's fifty day simple moving average is $82.24 and its 200 day simple moving average is $69.73. Beacon Roofing Supply, Inc. has a twelve month low of $50.42 and a twelve month high of $87.46.

Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) last posted its earnings results on Thursday, August 3rd. The company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.39. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.50 billion. Beacon Roofing Supply had a net margin of 4.69% and a return on equity of 25.15%. As a group, equities research analysts expect that Beacon Roofing Supply, Inc. will post 6.91 earnings per share for the current fiscal year.

Several research firms have issued reports on BECN. Stephens decreased their price target on shares of Beacon Roofing Supply from $70.00 to $68.00 in a research note on Monday, May 8th. StockNews.com initiated coverage on shares of Beacon Roofing Supply in a report on Wednesday, August 23rd. They set a "buy" rating on the stock. Loop Capital increased their price objective on shares of Beacon Roofing Supply from $76.00 to $84.00 in a report on Friday, June 9th. Jefferies Financial Group increased their price objective on shares of Beacon Roofing Supply from $75.00 to $88.00 and gave the stock a "hold" rating in a report on Thursday, July 13th. Finally, TheStreet lowered shares of Beacon Roofing Supply from a "b" rating to a "c" rating in a report on Friday, May 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, Beacon Roofing Supply presently has an average rating of "Hold" and an average target price of $86.80.

Check Out Our Latest Research Report on BECN

Beacon Roofing Supply, Inc, together with its subsidiaries, engages in distribution of residential and non-residential roofing materials, and complementary building products to contractors, home builders, building owners, lumberyards, and retailers in the United States and Canada. It offers pitched roofing and low slope roof products; gutters and sidings; building materials, such as lumber and composite, skylights and window, plywood and OSB, decking and railing, and HVAC products; and foam board, spray foam, roll, batt, mineral wool, fiberglass, and commercial insulation products, as well as radiant barriers and blown-in insulation and equipment.

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