Analysts’ Weekly Ratings Changes for Beacon Roofing Supply (BECN)

A number of firms have modified their ratings and price targets on shares of Beacon Roofing Supply (NASDAQ: BECN) recently:

• 3/3/2025 – Beacon Roofing Supply had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $140.00 price target on the stock.
• 3/1/2025 – Beacon Roofing Supply is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 2/28/2025 – Beacon Roofing Supply had its price target raised by analysts at Robert W. Baird from $120.00 to $124.00. They now have an “outperform” rating on the stock.
• 2/21/2025 – Beacon Roofing Supply is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 2/13/2025 – Beacon Roofing Supply is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 2/7/2025 – Beacon Roofing Supply was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating. They now have a $122.55 price target on the stock, down previously from $131.00.
• 2/5/2025 – Beacon Roofing Supply is now covered by analysts at StockNews.com. They set a “sell” rating on the stock.
• 1/17/2025 – Beacon Roofing Supply had its price target raised by analysts at Stifel Nicolaus from $115.00 to $131.00. They now have a “buy” rating on the stock.
• 1/16/2025 – Beacon Roofing Supply was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 1/16/2025 – Beacon Roofing Supply had its price target raised by analysts at BMO Capital Markets from $125.00 to $136.00. They now have an “outperform” rating on the stock.
• 1/16/2025 – Beacon Roofing Supply was downgraded by analysts at Zelman & Associates from a “strong-buy” rating to a “hold” rating.
• 1/8/2025 – Beacon Roofing Supply had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $115.00 price target on the stock.

Beacon Roofing Supply Stock Down 2.2 %

Shares of Beacon Roofing Supply stock traded down $2.51 during trading on Monday, reaching $112.91. The company’s stock had a trading volume of 571,525 shares, compared to its average volume of 941,951. The company has a 50-day simple moving average of $112.56 and a two-hundred day simple moving average of $101.59. The company has a quick ratio of 1.14, a current ratio of 1.91 and a debt-to-equity ratio of 1.60. Beacon Roofing Supply, Inc. has a 1-year low of $77.54 and a 1-year high of $121.42. The company has a market cap of $6.95 billion, a price-to-earnings ratio of 19.30 and a beta of 1.62.

Beacon Roofing Supply (NASDAQ:BECN) last released its earnings results on Thursday, February 27th. The company reported $1.65 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). Beacon Roofing Supply had a return on equity of 25.32% and a net margin of 3.86%. The company had revenue of $2.40 billion during the quarter, compared to analyst estimates of $2.43 billion. As a group, equities analysts forecast that Beacon Roofing Supply, Inc. will post 7.22 earnings per share for the current year.

Institutional Investors Weigh In On Beacon Roofing Supply

Several hedge funds have recently added to or reduced their stakes in the business. Quarry LP grew its position in Beacon Roofing Supply by 180.7% during the third quarter. Quarry LP now owns 306 shares of the company’s stock valued at $26,000 after buying an additional 197 shares during the period. Blue Trust Inc. raised its holdings in Beacon Roofing Supply by 222.1% in the 3rd quarter. Blue Trust Inc. now owns 306 shares of the company’s stock worth $28,000 after purchasing an additional 211 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Beacon Roofing Supply in the third quarter valued at approximately $28,000. SBI Securities Co. Ltd. acquired a new position in shares of Beacon Roofing Supply during the 4th quarter worth approximately $31,000. Finally, Johnson Financial Group Inc. purchased a new position in shares of Beacon Roofing Supply during the 4th quarter valued at approximately $54,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

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.