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 7,139 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
1,405% more call options, than puts
Call options by funds: $38.4M | Put options by funds: $2.55M
43% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 49
40% more funds holding in top 10
Funds holding in top 10: 5 [Q3] → 7 (+2) [Q4]
17% more capital invested
Capital invested by funds: $5.21B [Q3] → $6.08B (+$866M) [Q4]
3% more funds holding
Funds holding: 309 [Q3] → 317 (+8) [Q4]
8% more repeat investments, than reductions
Existing positions increased: 104 | Existing positions reduced: 96
0.67% less ownership
Funds ownership: 97.37% [Q3] → 96.7% (-0.67%) [Q4]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$123
5%
upside
Avg. target
$129
11%
upside
High target
$136
17%
upside
2 analyst ratings
1 positive
50%
1 neutral
50%
0 negative
0%
Stifel W. Andrew Carter 68% 1-year accuracy 21 / 31 met price target | 5%upside $123 | Hold Downgraded | 7 Feb 2025 |
BMO Capital Ketan Mamtora 43% 1-year accuracy 3 / 7 met price target | 17%upside $136 | Outperform Maintained | 16 Jan 2025 |
Financial journalist opinion
Based on 12 articles about BECN published over the past 30 days
Neutral
Business Wire
1 week ago
Beacon Issues Statement in Response to QXO's Director Nominations
HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”) announced today that its Board of Directors (the “Board”) has received notice from QXO, Inc. (NYSE: QXO) that QXO has nominated ten individuals to stand for election to Beacon's Board at the Company's 2025 Annual Meeting. Beacon's Board issued the following statement in response: Beacon's Board consists of ten highly qualified directors – nine of whom are independent – who have been critical in overseeing the Company's success.
Neutral
Business Wire
1 week ago
TRI-BUILT® Named Partner of the Year by K9s For Warriors
HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--TRI-BUILT®, Beacon's (Nasdaq: BECN) exclusive brand of roofing products, has been named the K9s For Warriors 2025 Partner of the Year. In recognition of this prestigious honor and continuation of its partnership with K9s For Warriors, TRI-BUILT is donating $800,000 to the organization, which means 32 warrior and dog pairings and 64 lives saved. The comprehensive partnership will include the sponsorship of future Service Dogs, the donation of roofing materials, and.
Neutral
Zacks Investment Research
2 weeks ago
Is the Options Market Predicting a Spike in Beacon Roofing Supply (BECN) Stock?
Investors need to pay close attention to Beacon Roofing Supply (BECN) stock based on the movements in the options market lately.
Neutral
Business Wire
2 weeks ago
Beacon to Release Fourth Quarter and Full Year 2024 Earnings on February 27, 2025
HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”) announced today that, consistent with last year, its earnings results for the quarter and full year ended December 31, 2024 will be released before the market opens on Thursday, February 27, 2025. The Company will host a conference call and webcast to discuss its financial results at 8:30 a.m. Eastern Time that same day. Analysts, investors and interested parties are invited to register and listen to the earnings call and view.
Neutral
Business Wire
2 weeks ago
Beacon Board of Directors Unanimously Rejects QXO's Unsolicited Tender Offer
HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, today announced that its Board of Directors (the “Board”) issued its formal recommendation to shareholders regarding the unsolicited tender offer (the “Offer”) from QXO, Inc. (NYSE: QXO) to acquire all outstanding shares of Beacon common stock for $124.25 per share in cash. The Board, after consultation with it.
Negative
Reuters
3 weeks ago
Beacon Roofing adopts poison pill after QXO's hostile bid
Beacon Roofing Supply said on Tuesday it has adopted a limited duration stockholder rights agreement, commonly known as a poison pill, following a hostile takeover bid by QXO.
Neutral
Business Wire
3 weeks ago
Beacon Adopts Stockholder Rights Agreement
HERNDON, Va.--(BUSINESS WIRE)--Beacon (Nasdaq: BECN) (the “Company”), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today that its Board of Directors (the “Board”) has unanimously adopted a limited duration stockholder rights agreement (the “Rights Agreement”) to protect stockholder interests and maximize value for all stockholders. The Board adopted the Rights Agreement in response to the tender offer previously a.
Neutral
CNBC Television
3 weeks ago
Beacon Roofing CEO Julian Francis goes one-on-one with Jim Cramer
Beacon Roofing Supply President and CEO Julian Francis joins 'Mad Money' host Jim Cramer to talk the state of the industry, its offerings and more.
Neutral
CNBC Television
3 weeks ago
Beacon Roofing CEO talks rejecting proposal from QXO to purchase all its outstanding shares
Beacon Roofing Supply President and CEO Julian Francis joins 'Mad Money' host Jim Cramer to talk the state of the industry, its offerings and more.
Neutral
Business Wire
3 weeks 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 $124.25 per share 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. On behalf of Beacon shareholders, Halper Sadeh LLC may s.
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