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 Q2 SEC filings by fund managers ($100M+ AUM)
60% more call options, than puts
Call options by funds: $11.3M | Put options by funds: $7.06M
15% more repeat investments, than reductions
Existing positions increased: 116 | Existing positions reduced: 101
0% more funds holding
Funds holding: 310 [Q1] → 310 (+0) [Q2]
0% more first-time investments, than exits
New positions opened: 52 | Existing positions closed: 52
2.12% less ownership
Funds ownership: 97.41% [Q1] → 95.29% (-2.12%) [Q2]
9% less capital invested
Capital invested by funds: $6.05B [Q1] → $5.49B (-$569M) [Q2]
29% less funds holding in top 10
Funds holding in top 10: 7 [Q1] → 5 (-2) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Baird David Manthey 57% 1-year accuracy 17 / 30 met price target | 25%upside $120 | Outperform Maintained | 16 Oct 2024 |
Stephens & Co. Trey Grooms 78% 1-year accuracy 18 / 23 met price target | 1%downside $95 | Equal-Weight Maintained | 5 Aug 2024 |
RBC Capital Mike Dahl 70% 1-year accuracy 30 / 43 met price target | 18%upside $113 | Outperform Maintained | 2 Aug 2024 |
Baird David Manthey 57% 1-year accuracy 17 / 30 met price target | 20%upside $115 | Outperform Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 5 articles about BECN published over the past 30 days