Beacon Roofing SupplyBECN
BECN
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
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 6 analysts
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
6% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 52
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]
0.14% less ownership
Funds ownership: 97.5% [Q2] → 97.37% (-0.14%) [Q3]
0% less funds holding
Funds holding: 310 [Q2] → 309 (-1) [Q3]
7% less capital invested
Capital invested by funds: $5.61B [Q2] → $5.21B (-$398M) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$103
11%
downside
Avg. target
$127
9%
upside
High target
$140
21%
upside
6 analyst ratings
5 positive
83%
1 neutral
17%
0 negative
0%
Stifel W. Andrew Carter 69% 1-year accuracy 20 / 29 met price target | 13%upside $131 | Buy Maintained | 17 Jan 2025 |
BMO Capital Ketan Mamtora 63% 1-year accuracy 5 / 8 met price target | 17%upside $136 | Outperform Maintained | 16 Jan 2025 |
JP Morgan Michael Rehaut 65% 1-year accuracy 11 / 17 met price target | 17%upside $136 | Overweight Maintained | 19 Nov 2024 |
Stephens & Co. Trey Grooms 61% 1-year accuracy 14 / 23 met price target | 11%downside $103 | Equal-Weight Reiterated | 19 Nov 2024 |
RBC Capital Mike Dahl 55% 1-year accuracy 31 / 56 met price target | 2%downside $114 | Outperform Maintained | 1 Nov 2024 |
Financial journalist opinion
Based on 9 articles about BECN published over the past 30 days
Positive
Zacks Investment Research
5 days ago
Beacon Roofing (BECN) Moves 7.7% Higher: Will This Strength Last?
Beacon Roofing (BECN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Neutral
Business Wire
6 days ago
Beacon Confirms Receipt and Reiterates Rejection of Unsolicited Proposal
HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”) today confirmed that it has previously received and rejected an unsolicited, non-binding proposal from QXO, Inc. (Nasdaq: QXO) to acquire all outstanding shares of the Company for $124.25 per share in cash. QXO's proposal, publicized today, was received on November 11, 2024. Consistent with its fiduciary duties, and in consultation with its independent financial and legal advisors, Beacon's Board of Directors (the “Board”) tho.
Positive
Barrons
6 days ago
Beacon Roofing Supply Stock Rises as QXO Proposes $11 Billion Cash Takeover
QXO proposes to acquire Beacon Roofing Supply for $124.25 a share.
Neutral
Business Wire
1 week ago
Beacon Building Products to Host 2025 Investor Day
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products announced today that it will host an Investor Day in New York City on Thursday, March 13, 2025. Beacon's President and CEO Julian Francis, CFO Prithvi Gandhi and other members of the senior leadership team will provide an in-depth review of Beacon's strategy, growth drivers and financial objectives. The event will include formal.
Positive
Zacks Investment Research
2 weeks ago
Beacon Expands Footprint With New Acquisitions and Branches
BECN expands with new acquisitions and greenfield branch openings, advancing toward the full potential of its Ambition 2025 goals.
Positive
Zacks Investment Research
2 weeks ago
Are Investors Undervaluing Beacon Roofing Supply (BECN) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Neutral
Business Wire
2 weeks ago
Beacon Announces Fourth Quarter Footprint Expansion
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products announced today the results of its footprint expansion initiatives during the fourth quarter of 2024. Aligning with M&A growth goals, Beacon acquired Ryan Building Products in Westwood, Massachusetts and Fairway Wholesale Distribution in South Hadley, Massachusetts. Founded in 1979, Ryan Building Products specializes in seam.
Positive
Zacks Investment Research
2 weeks ago
Here's Why You Should Retain Beacon Stock in Your Portfolio for Now
BECN benefits from its focus on Ambition 2025 targets, buyout synergies and strategic investments. However, high costs and expenses are concerning.
Positive
Seeking Alpha
2 weeks ago
Beacon Roofing Supply Stock Still Offers Upside For Investors
Beacon Roofing Supply, Inc. remains a soft “Buy” due to attractive pricing, strong revenue growth from acquisitions, and ongoing share buybacks despite mixed financial performance. The company has expanded significantly, operating 587 branches across the U.S. and Canada, with substantial investments in acquisitions and new locations. While organic growth is slow, BECN revenue rose 7.3% year-over-year, driven mainly by acquisitions, with notable increases in complementary building and non-residential roofing products.
Positive
Zacks Investment Research
1 month ago
Why Is Beacon Roofing (BECN) Up 22.5% Since Last Earnings Report?
Beacon Roofing (BECN) reported earnings 30 days ago. What's next for the stock?
Charts implemented using Lightweight Charts™