Beacon Roofing Supply (BECN)

• Market cap: $6.27B
• 1 day: -0.02%
• 5 days: -4.17%
• 1 month: -10.96%
• 3 months: 19.92%
• 6 months: 9.07%
• Year to date: 17.12%
• 1 year: 14.23%
• 5 years: 222.41%
• 10 years: 258.58%
• Sector: Materials
• Industry: Lumber & Other Construction Materials

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)

15% more repeat investments, than reductions

Existing positions increased: 114 | Existing positions reduced: 99

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]

0.23% less ownership

Funds ownership: 97.02% [Q2] → 96.79% (-0.23%) [Q3]

0% less funds holding

Funds holding: 310 [Q2] → 309 (-1) [Q3]

2% less first-time investments, than exits

New positions opened: 55 | Existing positions closed: 56

7% less capital invested

Capital invested by funds: $5.59B [Q2] → $5.18B (-$401M) [Q3]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $103 2% upside
• Avg. target: $123 21% upside
• High target: $140 38% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

JP Morgan Michael Rehaut 56% 1-year accuracy 9 / 16 met price target	34% upside $136	Overweight Maintained	19 Nov 2024
Stephens & Co. Trey Grooms 61% 1-year accuracy 14 / 23 met price target	2% upside $103	Equal-Weight Reiterated	19 Nov 2024
RBC Capital Mike Dahl 54% 1-year accuracy 31 / 57 met price target	13% upside $114	Outperform Maintained	1 Nov 2024
Benchmark Reuben Garner 39% 1-year accuracy 15 / 38 met price target	38% upside $140	Buy Reiterated	1 Nov 2024
Baird David Manthey 43% 1-year accuracy 16 / 37 met price target	18% upside $120	Outperform Maintained	16 Oct 2024