On Jun 29, 2018 Beacon Roofing Supply (NASDAQ:BECN) Was Downgraded To “Sector Perform” From “Outperform”.

June 29, 2018 - By Toni Killen

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

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

Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 3,861 shs. Arcadia Inv Mgmt Mi reported 118,888 shs. Jp Marvel Invest Advsrs Ltd reported 111,870 shs stake. The Ontario – Canada-based Manufacturers Life Insurance The has invested 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Cambridge holds 0% or 5,484 shs in its capital. Tompkins Finance has 561 shs for 0.01% of their capital. 4.96 million are held by Blackrock Inc. Swiss Retail Bank has invested 0.01% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Howe & Rusling reported 0% of its capital in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Waddell And Reed invested in 0.14% or 1.13 million shs. Redmond Asset Mgmt Limited Liability Co has invested 0.74% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Geode Management Limited Liability has 0.01% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Regent Inv Management Limited Com accumulated 0.19% or 10,860 shs. Stratos Wealth Ptnrs holds 0% of its capital in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 91 shs. Personal Advisors holds 0.03% of its capital in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 33,604 shs.

Beacon Roofing Supply, Inc. had 0 selling transactions and 2 insider buys since May 18, 2018. This’s net activity of $601,743. Shares for $99,912 were bought by NOWICKI JOSEPH M.

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

On 28 June RBC Capital changed the $2.88 billion MC company’s rating. equity research analysts has lowered it to “Sector Perform” from “Outperform”.

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

Total analysts of 10 have positions in Beacon Roofing Supply (NASDAQ:BECN) as follows: 6 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 60%. Since January 3, 2018 according to StockzIntelligence Inc Beacon Roofing Supply has 15 analyst reports. The company rating was reinitiated by Citigroup on Tuesday, June 19. On Monday, January 8 the firm has “Buy” rating by Northcoast given. On Thursday, January 4 the firm has “Buy” rating by Seaport Global given. On Wednesday, May 9 the stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Buy” rating by Wedbush. The stock rating was downgraded by JP Morgan to “Neutral” on Thursday, May 10. On Friday, February 9 the firm earned “Neutral” rating by Citigroup. On Monday, May 14 the stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) has “Hold” rating given by Northcoast. In Wednesday, January 17 report Jefferies maintained it with “Buy” rating and $73.0 target. On Thursday, June 28 the stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Sector Perform” rating by RBC Capital Markets. On Tuesday, February 13 Wedbush upgraded the shares of BECN in report to “Outperform” rating.

BECN touched $42.33 during the last trading session after $0.19 change.Currently Beacon Roofing Supply, Inc. is downtrending after 14.29% change in last June 29, 2017. BECN has 503,714 shares volume. BECN underperformed by 26.86% the S&P 500.

On August, 1. Investors wait Beacon Roofing Supply, Inc. (NASDAQ:BECN) to report its quarterly earnings, Zacks reports. Analysts forecast $1.33 EPS, which is $0.49 up or 58.33 % from 2017’s $0.84 EPS. This could reach $90.55 million profit for BECN assuming the current $1.33 EPS will become reality. After $-0.35 EPS was announced 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 company has $2.88 billion market cap. 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 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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