FDx Advisors Inc. Has $953,000 Holdings in Beacon Roofing Supply, Inc. (BECN)

FDx Advisors Inc. cut its stake in Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 15.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,598 shares of the company’s stock after selling 3,362 shares during the quarter. FDx Advisors Inc.’s holdings in Beacon Roofing Supply were worth $953,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Beacon Roofing Supply in the second quarter valued at approximately $100,000. Advisors Asset Management Inc. lifted its holdings in Beacon Roofing Supply by 36.7% in the second quarter. Advisors Asset Management Inc. now owns 2,105 shares of the company’s stock valued at $103,000 after acquiring an additional 565 shares during the period. Huntington National Bank lifted its holdings in Beacon Roofing Supply by 3.8% in the second quarter. Huntington National Bank now owns 3,138 shares of the company’s stock valued at $154,000 after acquiring an additional 116 shares during the period. Lloyds Banking Group plc lifted its holdings in Beacon Roofing Supply by 37.7% in the second quarter. Lloyds Banking Group plc now owns 3,694 shares of the company’s stock valued at $180,000 after acquiring an additional 1,012 shares during the period. Finally, Advisor Group Inc. lifted its holdings in Beacon Roofing Supply by 8.9% in the second quarter. Advisor Group Inc. now owns 3,877 shares of the company’s stock valued at $190,000 after acquiring an additional 316 shares during the period. 92.50% of the stock is owned by institutional investors.

BECN has been the subject of several research analyst reports. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $55.00 target price on shares of Beacon Roofing Supply in a research note on Friday, November 10th. Wells Fargo & Company initiated coverage on Beacon Roofing Supply in a research note on Wednesday, October 18th. They set a “market perform” rating and a $58.00 target price for the company. KeyCorp reaffirmed a “buy” rating and set a $56.00 target price on shares of Beacon Roofing Supply in a research note on Sunday, October 15th. Robert W. Baird reaffirmed a “buy” rating and set a $55.00 target price on shares of Beacon Roofing Supply in a research note on Thursday, October 12th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $53.00 target price on shares of Beacon Roofing Supply in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Beacon Roofing Supply currently has an average rating of “Hold” and a consensus target price of $53.17.

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Shares of Beacon Roofing Supply, Inc. (BECN) opened at $54.77 on Thursday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 2.30. Beacon Roofing Supply, Inc. has a 12-month low of $39.57 and a 12-month high of $56.36. The company has a market capitalization of $3,696.30, a P/E ratio of 26.13, a P/E/G ratio of 2.54 and a beta of 1.45.

Beacon Roofing Supply Profile

Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products.

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Institutional Ownership by Quarter for Beacon Roofing Supply (NASDAQ:BECN)

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