Beacon Roofing SupplyBECN
BECN
About: Beacon Roofing Supply Inc. manufactures and sells roofing and building materials throughout the United States and Canada. Its key customers include contractors, home builders, lumberyards, retailers, wholesale distributors, and building materials suppliers. The company's product portfolio includes residential and non-residential roofing materials, siding, windows, and waterproofing systems. The majority of revenue is generated from residential and non-residential roofing products, and the vast majority of Beacon's revenue comes from the United States.
Employees: 8,068
0
Funds holding %
of 7,390 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
1,151% more call options, than puts
Call options by funds: $38.4M | Put options by funds: $3.07M
53% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 49
40% more funds holding in top 10
Funds holding in top 10: 5 [Q3] → 7 (+2) [Q4]
16% more capital invested
Capital invested by funds: $5.24B [Q3] → $6.1B (+$856M) [Q4]
11% more repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 96
6% more funds holding
Funds holding: 309 [Q3] → 326 (+17) [Q4]
0.89% less ownership
Funds ownership: 97.86% [Q3] → 96.97% (-0.89%) [Q4]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$123
1%
downside
Avg. target
$128
3%
upside
High target
$140
13%
upside
5 analyst ratings
3 positive
60%
2 neutral
40%
0 negative
0%
Loop Capital Garik Shmois 14% 1-year accuracy 3 / 21 met price target | 0%upside $124 | Hold Downgraded | 21 Mar 2025 |
BMO Capital Ketan Mamtora 50% 1-year accuracy 4 / 8 met price target | 5%upside $130 | Outperform Maintained | 4 Mar 2025 |
Benchmark Reuben Garner 31% 1-year accuracy 12 / 39 met price target | 13%upside $140 | Buy Reiterated | 3 Mar 2025 |
Baird David Manthey 38% 1-year accuracy 15 / 40 met price target | 0%upside $124 | Outperform Maintained | 28 Feb 2025 |
Stifel W. Andrew Carter 47% 1-year accuracy 16 / 34 met price target | 1%downside $123 | Hold Downgraded | 7 Feb 2025 |
Financial journalist opinion
Based on 33 articles about BECN published over the past 30 days
Neutral
GlobeNewsWire
1 week ago
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates BECN and OPTN on Behalf of Shareholders
NEW YORK, March 21, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Neutral
PRNewsWire
1 week ago
SHAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Beacon Roofing Supply, Inc. - BECN
NEW YORK , March 20, 2025 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Beacon Roofing Supply, Inc. (NASDAQ: BECN ) , relating to the proposed merger with QXO, Inc. Under the terms of the agreement, Beacon shareholders will receive $124.35 per share in cash.
Neutral
GlobeNewsWire
1 week ago
Beacon Roofing (BECN) ALERT: Johnson Fistel Investigates Proposed Sale of Beacon Roofing; Is $124.35 a Fair Price for Shareholders?
SAN DIEGO, March 20, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of Beacon Roofing Supply, Inc. (NASDAQ: BECN) breached their fiduciary duties in connection with the proposed sale of the Company to QXO, Inc. (NYSE: QXO).
Positive
CNBC Television
1 week ago
QXO CEO on Beacon Roofing acquisition: Demand for our product will not be impacted by tariffs
Brad Jacobs, QXO chairman and CEO, joins CNBC's 'Squawk on the Street' to discuss why he sees opportunity in rolling up building products distribution, the potential impact of tariffs on the industry, and more.
Neutral
Business Wire
1 week ago
BECN Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Beacon Roofing Supply, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Beacon Roofing Supply, Inc. (NASDAQ: BECN) to QXO, Inc. for $124.35 per share in cash is fair to Beacon shareholders. Halper Sadeh encourages Beacon shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether Beacon and it.
Neutral
Business Wire
1 week ago
Shareholder Alert: The Ademi Firm investigates whether Beacon Roofing Supply, Inc. is obtaining a Fair Price for its Public Shareholders
MILWAUKEE--(BUSINESS WIRE)--The Ademi Firm is investigating Beacon (Nasdaq: BECN) for possible breaches of fiduciary duty and other violations of law in its transaction with QXO. Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you. In the transaction, Beacon shareholders will receive only $124.35 per share in cash per share of Beacon common stock, with a transac.
Neutral
Business Wire
1 week ago
QXO Extends Tender Offer to Acquire Beacon Roofing Supply
GREENWICH, Conn.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) announced today that it is extending its all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (Nasdaq: BECN) for $124.25 per share. The tender offer, which was scheduled to expire at 5:00 p.m. (New York City time) on March 19, 2025, will remain open until 5:00 p.m. (New York City time) on March 31, 2025. QXO will amend its tender offer to reflect the terms of the definitive merger agreement with Beacon, i.
Neutral
Business Wire
1 week ago
QXO to Acquire Beacon Roofing Supply for $11 Billion
GREENWICH, Conn. & HERNDON, Va.--(BUSINESS WIRE)--QXO, Inc. (NYSE: QXO) and Beacon Roofing Supply, Inc. (Nasdaq: BECN) today announced that they have entered into a definitive merger agreement under which QXO will acquire Beacon for $124.35 per share in cash. Beacon is a leading distributor of roofing, waterproofing and exterior products, with nearly 600 branches across the U.S. and Canada. The boards of directors of both companies have unanimously approved the transaction, which values Beacon.
Positive
Reuters
1 week ago
Building products distributor QXO clinches Beacon Roofing in $11 billion deal, WSJ reports
Building-products distributor QXO signed a deal for Beacon Roofing Supply , valuing Beacon at roughly $7.7 billion, or $11 billion including debt, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.
Positive
WSJ
1 week ago
Building-Products Distributor QXO Clinches Deal for Beacon Roofing
The agreement comes after a hostile takeover attempt.
Charts implemented using Lightweight Charts™