<div id="readability-page-1"><p>StockNews.com assumed coverage on shares of <span>Beacon Roofing Supply (NASDAQ:BECN - Get Free Report)</span> in a note issued to investors on Sunday. The brokerage set a &#34;sell&#34; rating on the stock.</p><div><p><span></span><span>Get <strong>Beacon Roofing Supply</strong> alerts:</span></p></div><p>Other equities analysts have also recently issued reports about the company. Zelman &amp; Associates cut Beacon Roofing Supply from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a report on Thursday, January 16th. Benchmark  reissued a &#34;buy&#34; rating and issued a $140.00 target price on shares of Beacon Roofing Supply in a report on Monday, March 3rd. Stifel Nicolaus downgraded Beacon Roofing Supply from a &#34;buy&#34; rating to a &#34;hold&#34; rating and cut their price target for the company from $131.00 to $122.55 in a research note on Friday, February 7th. JPMorgan Chase &amp; Co. upped their price target on shares of Beacon Roofing Supply from $119.00 to $136.00 and gave the company an &#34;overweight&#34; rating in a research report on Tuesday, November 19th. Finally, Robert W. Baird raised their price objective on shares of Beacon Roofing Supply from $120.00 to $124.00 and gave the stock an &#34;outperform&#34; rating in a report on Friday, February 28th. One research analyst  has rated the stock with a sell rating, four have issued  a hold rating and six have assigned  a buy rating to the company. Based on data from MarketBeat, Beacon Roofing Supply presently has an average rating of &#34;Hold&#34; and a consensus target price of $119.95.</p><p><b>Check Out Our Latest Analysis on Beacon Roofing Supply</b></p><h2>Beacon Roofing Supply Price Performance</h2><p>Shares of NASDAQ:BECN opened at $111.10 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 1.14 and a current ratio of 1.91. The firm has a market cap of $6.84 billion, a price-to-earnings ratio of 18.99 and a beta of 1.63. The business has a 50-day simple moving average of $113.67 and a two-hundred day simple moving average of $102.27. Beacon Roofing Supply has a fifty-two week low of $77.54 and a fifty-two week high of $121.42. </p><p>Beacon Roofing Supply (NASDAQ:BECN - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.66 by ($0.01). The company had revenue of $2.40 billion for the quarter, compared to analysts' expectations of $2.43 billion. Beacon Roofing Supply had a net margin of 3.86% and a return on equity of 25.32%.  On average, analysts expect that  Beacon Roofing Supply will post 7.22 earnings per share for the current year. </p><h2>Institutional Trading of Beacon Roofing Supply</h2><p>A number of hedge funds and other institutional investors have recently modified their holdings of BECN. US Bancorp DE boosted its holdings in  Beacon Roofing Supply by 2.3% in the 3rd quarter. US Bancorp DE now owns 5,255 shares of the company's stock worth $454,000 after buying an additional 116 shares during the period.  Equitable Trust Co. lifted its position in shares of  Beacon Roofing Supply by 1.7% in the fourth quarter. Equitable Trust Co. now owns 7,228 shares of the company's stock valued at $734,000 after acquiring an additional 122 shares in the last quarter.  Nomura Asset Management Co. Ltd. boosted its stake in shares of  Beacon Roofing Supply by 26.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 720 shares of the company's stock worth $73,000 after acquiring an additional 150 shares during the period.  PNC Financial Services Group Inc. grew its position in shares of  Beacon Roofing Supply by 38.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 591 shares of the company's stock worth $60,000 after purchasing an additional 163 shares in the last quarter.  Finally, Cornerstone Investment Partners LLC raised its stake in  Beacon Roofing Supply by 3.6% during the 4th quarter. Cornerstone Investment Partners LLC now owns 4,730 shares of the company's stock valued at $480,000 after purchasing an additional 166 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors. </p><h2>About Beacon Roofing Supply</h2> (Get Free Report)<p>Beacon Roofing Supply, Inc, together with its subsidiaries, engages in the 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. The company 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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Beacon Roofing Supply</li><li>Best ESG Stocks: 11 Best Stocks for ESG Investing</li><li>These 4 Tech ETFs Just Hit 50-Day Lows—Time to Buy?</li><li>The How and Why of Investing in Gold Stocks</li><li>3 Stocks to Buy While Others Stay on the Sidelines</li><li>The Role Economic Reports Play in a Successful Investment Strategy</li><li>MarketBeat Week in Review – 03/03 - 03/07</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QkVDTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QkVDTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Beacon Roofing Supply Right Now?</h2><p>Before you consider Beacon Roofing Supply, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Beacon Roofing Supply wasn't on the list.</p><p>While Beacon Roofing Supply currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

BECN

<p>StockNews.com has initiated coverage on Beacon Roofing Supply (NASDAQ:BECN) with a "sell" rating. Other analysts have varied opinions, with Zelman & Associates downgrading to "hold," while Benchmark maintains a "buy" rating with a $140 target price. Currently, the stock has an average rating of "Hold" and a consensus target price of $119.95. The company reported earnings of $1.65 per share, slightly missing estimates, and has a market cap of $6.84 billion. Institutional investors hold 98.45% of the stock.</p>

Beacon Roofing Supply (NASDAQ:BECN) Now Covered by StockNews.com