Beacon Roofing reports 2Q loss

Gladys Abbott
May 9, 2017

Blackrock Institutional Trust Na invested in 0.01% or 1.59M shares.

Among 13 analysts covering Beacon Roofing Supply (NASDAQ:BECN), 9 have Buy rating, 0 Sell and 4 Hold. It opened the session with a $26.72 price tag, later ranging from $26.46 to $27.265, the range at which the stock has traded at throughout the day.

12/07/2016 - Seaport Global Securities began new coverage on Beacon Roofing Supply, Inc. giving the company a "buy" rating. (NASDAQ:BECN) has risen 16.29% since September 23, 2016 and is uptrending. It has outperformed by 7.25% the S&P500. (BECN) stake by 10.29% reported in 2016Q4 SEC filing. Raymond James upgraded the shares of BECN in report on Monday, February 8 to "Strong Buy" rating. In the final minutes of trading on Thursday, shares hit $49.45, an increase of 16 percent in the last 12 months. The company had a trading volume of 504,059 shares. It has underperformed by 51.11% the S&P500. Its down 0.62, from 1.28 in 2016Q3.

A number of large investors have recently bought and sold shares of the stock. 32 funds opened positions while 61 raised stakes. Vanguard Gp stated it has 4.60M shares or 0.01% of all its holdings. It also reduced Corning Inc (NYSE:GLW) stake by 152,150 shares and now owns 227,850 shares. Advisory Rech has 0.06% invested in Beacon Roofing Supply, Inc. Lazard Asset Mngmt Limited Liability Corporation holds 81,551 shares or 0% of its portfolio. Frontier Mgmt Com Ltd reported 1.49% of its portfolio in Beacon Roofing Supply, Inc. Beacon Roofing Supply had a net margin of 2.49% and a return on equity of 9.99%. Aberdeen Asset Management PLC UK boosted its position in shares of Beacon Roofing Supply by 71.0% in the fourth quarter. Swiss Savings Bank reported 83,500 shares. Prudential Fincl has invested 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 17,374 shares. (NASDAQ:BECN) for 261,555 shares. Dimensional Fund Advsr Lp holds 0.01% of its portfolio in Rexford Industrial Realty Inc (NYSE:REXR) for 750,395 shares. Pcj Invest Counsel holds 0.07% of its portfolio in Beacon Roofing Supply, Inc. The current price change puts the market capitalization at $3.04 bln. It also distributes complementary building products for residential and non-residential building exteriors. It has a 181.94 P/E ratio. The Company's product portfolio includes residential roofing products, non-residential roofing products and complementary building products. Therefore 100% are positive. (NASDAQ:BECN) has "Equal-Weight" rating given on Monday, November 30 by Stephens. SunTrust initiated the stock with "Buy" rating in Friday, June 24 report. The company has market cap of $96.19 million. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) rating on Wednesday, November 25. The rating was initiated by Goldman Sachs with "Neutral" on Thursday, May 12. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. On Tuesday, January 19 the stock rating was upgraded by William Blair to "Outperform". Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Therefore 93% are positive. Farmland Partners had 3 analyst reports since September 23, 2015 according to SRatingsIntel. The company was upgraded on Thursday, January 21 by Longbow. (NASDAQ:BECN) earned "Outperform" rating by Raymond James on Tuesday, July 28. The same goes for P/S and P/B, you want these value to be lower, to represent a potential undervalued company, and they have a P/S and P/B of 0.73 and 2.2 respectively. The stock has "Sell" rating by UBS on Friday, October 2. As per Tuesday, March 15, the company rating was maintained by Susquehanna. The firm has "Hold" rating given on Monday, February 22 by Johnson Rice. After having $-0.40 EPS previously, Galmed Pharmaceuticals Ltd's analysts see -2.50% EPS growth. The business's revenue for the quarter was up 5.7% on a year-over-year basis. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01.

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Gofen & Glossberg Llc increased Stone Ridge H/Y Reinsur Risk P (SHRMX) stake by 556,450 shares to 790,478 valued at $7.88M in 2016Q4. Lpl Financial Ltd Liability Corp reported 8,693 shares. Priceline Grp Inc (NASDAQ:PCLN) was reduced too.

Since November 22, 2016, it had 0 insider purchases, and 2 insider sales for $1.06 million activity. (NASDAQ:SIGI) stake by 235,422 shares and now owns 1.22M shares.

Investors sentiment decreased to 0.83 in Q4 2016. It dropped, as 76 investors sold KO shares while 623 reduced holdings. Moreover, Logan Cap Mngmt has 0.1% invested in The Coca-Cola Co (NYSE:KO). Balasa Dinverno & Foltz Ltd Liability Company invested in 2.76% or 114,660 shares. 319,586 are owned by Fiduciary Tru. Fdx Advisors Incorporated accumulated 25,136 shares. California Pub Employees Retirement Systems holds 99,000 shares. Citigroup accumulated 219,698 shares. 10,284 are owned by Saybrook Nc. Loeb Corp holds 0.25% of its portfolio in Rexford Industrial Realty Inc (NYSE:REXR) for 32,000 shares. Keybank Association Oh has invested 0.56% in The Coca-Cola Co (NYSE:KO).

Galmed Pharmaceuticals a clinical-stage biopharmaceutical company. Bonness Enter accumulated 37,600 shares or 1.4% of the stock.

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