Jefferies Financial Group Inc. Sells 11,551 Shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Jefferies Financial Group Inc. lowered its position in shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) by 77.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,411 shares of the company’s stock after selling 11,551 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Beacon Roofing Supply were worth $346,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Hudson Bay Capital Management LP acquired a new position in shares of Beacon Roofing Supply in the 4th quarter valued at $7,347,000. Governors Lane LP bought a new position in Beacon Roofing Supply during the fourth quarter worth about $5,272,000. Graham Capital Management L.P. acquired a new position in Beacon Roofing Supply in the fourth quarter valued at about $2,418,000. Focus Partners Wealth bought a new stake in shares of Beacon Roofing Supply in the fourth quarter worth about $208,000. Finally, Frontier Capital Management Co. LLC increased its holdings in shares of Beacon Roofing Supply by 16.0% in the fourth quarter. Frontier Capital Management Co. LLC now owns 2,384,793 shares of the company’s stock worth $242,247,000 after acquiring an additional 329,047 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Beacon Roofing Supply Price Performance

NASDAQ:BECN opened at $124.17 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 company has a market cap of $7.67 billion, a PE ratio of 21.23 and a beta of 1.31. Beacon Roofing Supply, Inc. has a 52-week low of $77.54 and a 52-week high of $124.31. The stock has a 50-day simple moving average of $123.19 and a 200 day simple moving average of $114.67.

Beacon Roofing Supply (NASDAQ:BECN) last posted its quarterly earnings data on Thursday, February 27th. The company reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). The firm had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.43 billion. Beacon Roofing Supply had a return on equity of 25.32% and a net margin of 3.86%. On average, sell-side analysts expect that Beacon Roofing Supply, Inc. will post 7.22 EPS for the current fiscal year.

Insider Buying and Selling at Beacon Roofing Supply

In other Beacon Roofing Supply news, insider Clement Munroe Best III sold 29,724 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $123.05, for a total value of $3,657,538.20. Following the completion of the transaction, the insider now directly owns 87,943 shares in the company, valued at $10,821,386.15. This trade represents a 25.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan Stuart Bennett sold 8,487 shares of the firm’s stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $122.14, for a total value of $1,036,602.18. Following the completion of the transaction, the insider now owns 22,642 shares of the company’s stock, valued at approximately $2,765,493.88. This represents a 27.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 54,806 shares of company stock worth $6,745,448 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Stifel Nicolaus cut Beacon Roofing Supply from a “buy” rating to a “hold” rating and cut their price objective for the company from $131.00 to $122.55 in a report on Friday, February 7th. Benchmark reaffirmed a “buy” rating and issued a $140.00 price target on shares of Beacon Roofing Supply in a research note on Monday, March 3rd. Baird R W downgraded shares of Beacon Roofing Supply from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 20th. Robert W. Baird boosted their price objective on shares of Beacon Roofing Supply from $120.00 to $124.00 and gave the company an “outperform” rating in a research report on Friday, February 28th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $124.35 target price (down from $130.00) on shares of Beacon Roofing Supply in a research note on Thursday, April 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $124.78.

Beacon Roofing Supply Profile

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.