Beacon Roofing SupplyBECN
About: Beacon Roofing Supply Inc manufactures and sells roofing and building materials throughout the United States and Canada. Beacon's key customers consist of contractors, home builders, lumberyards, retailers, wholesale distributors, and building materials suppliers. The company's product portfolio includes both residential and non-residential roofing materials, siding, windows, and waterproofing systems. The majority of revenue is generated from residential and non-residential roofing products. The vast majority of Beacon's revenue comes from the United States.
Employees: 8,063
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
16% more repeat investments, than reductions
Existing positions increased: 114 | Existing positions reduced: 98
1% more call options, than puts
Call options by funds: $7.71M | Put options by funds: $7.65M
0% more funds holding in top 10
Funds holding in top 10: 5 [Q2] → 5 (+0) [Q3]
0.25% less ownership
Funds ownership: 97.02% [Q2] → 96.77% (-0.25%) [Q3]
9% less first-time investments, than exits
New positions opened: 53 | Existing positions closed: 58
2% less funds holding
Funds holding: 310 [Q2] → 305 (-5) [Q3]
7% less capital invested
Capital invested by funds: $5.59B [Q2] → $5.18B (-$402M) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
JP Morgan Michael Rehaut 93% 1-year accuracy 13 / 14 met price target | 21%upside $119 | Overweight Maintained | 7 Nov 2024 |
RBC Capital Mike Dahl 74% 1-year accuracy 39 / 53 met price target | 15%upside $114 | Outperform Maintained | 1 Nov 2024 |
Benchmark Reuben Garner 62% 1-year accuracy 23 / 37 met price target | 42%upside $140 | Buy Reiterated | 1 Nov 2024 |
Baird David Manthey 82% 1-year accuracy 28 / 34 met price target | 22%upside $120 | Outperform Maintained | 16 Oct 2024 |
Financial journalist opinion
Based on 11 articles about BECN published over the past 30 days
