Beacon Roofing Supply Inc (NASDAQ:BECN) Big Money Positioning Change, Sentiment at 0.98

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Corporate Logo

Beacon Roofing Supply Inc’s Sentiment

In 2018 Q4 Beacon Roofing Supply Inc (NASDAQ:BECN) big money sentiment decreased to 0.98, according to SEC filings. That’s down -0.26, from 2018Q3’s 1.24. 95 institutional investors increased and opened new positions, while 97 cut down and sold positions in Beacon Roofing Supply Inc so the sentiment turned negative. These funds own 73.70 million shares, that’s up from 71.09 million shares in 2018Q3. Funds holding Beacon Roofing Supply Inc in top 10 changed to 4 from 5 for a decrease of 1. In total 30 funds closed positions, 67 reduced and 61 increased. Also 34 funds bought new Beacon Roofing Supply Inc stakes.

Largest Beacon Roofing Supply Inc Investors

Dudley & Shanley Inc. owns 764,900 shares in Beacon Roofing Supply Inc as of 2018 Q4. Beacon Roofing Supply Inc’s shareholder Spitfire Capital Llc owns 155,103 shares as of 2018 Q4. Furthermore, Southpoint Capital Advisors Lp reported 3.00 million shares in Beacon Roofing Supply Inc equivalent to 4.6% of its fund portfolio. 12Th Street Asset Management Company Llc revealed 357,369 shares position in Beacon Roofing Supply Inc. The Virginia-based fund Redmond Asset Management Llc looks positive on Beacon Roofing Supply Inc, having 214,505 shares.

Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and non-residential roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers.The company has $2.38 billion market cap. The companyÂ’s residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, synthetic underlayment, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, and other accessories.Last it reported negative earnings. The Company’s non-residential roofing products comprise single-ply roofing, asphalt, metal, modified bitumen, and build-up roofing products; cements and coatings; flat stock and tapered insulations; commercial fasteners; metal edges and flashings; smoke/roof hatches; roofing tools; sheet metal products, including copper, aluminum, and steel; and PVC, thermoplastic olefin, and ethylene propylene diene monomer membrane products.

BECN touched $34.7 during the last trading session after $1.14 change.Beacon Roofing Supply, Inc. has volume of 581,275 shares. Since March 15, 2018 BECN has declined 28.66% and is downtrending. BECN underperformed by 33.03% the S&P500.

On May, 14 is awaited Beacon Roofing Supply, Inc. (NASDAQ:BECN)’s earnings report, as reported by RTT. Analysts predict $-0.26 earnings per share. That’s $0.09 up or 25.71 % from 2018’s earnings of $-0.35. After $0.60 EPS report previous quarter, Wall Street now forecasts -143.33 % negative EPS growth of Beacon Roofing Supply, Inc..

Raymond James & Assocs invested 0.01% of its capital in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Morgan Stanley stated it has 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). State Board Of Administration Of Florida Retirement holds 34,712 shs. Proshare Advisors Limited Liability Com holds 0% or 7,504 shs in its capital. Franklin Res has invested 0.02% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Us Bank De, Minnesota-based fund reported 49,958 shs. Ameritas Prns, Nebraska-based fund reported 5,665 shs. Skyline Asset L P owns 481,800 shs. Manufacturers Life The reported 41,711 shs stake. Johnson Invest Counsel reported 11,890 shs. Tompkins Corporation stated it has 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Oppenheimer Asset Management holds 0.1% or 121,851 shs. Savings Bank Of Mellon Corp invested in 0.01% or 924,051 shs. Private Mgmt Gru owns 567,711 shs. Envestnet Asset Inc reported 142,418 shs.

Beacon Roofing Supply, Inc. registered $1.48 million net activity with 6 insider purchases and 0 selling transactions since November 21, 2018. $229,110 worth of Beacon Roofing Supply, Inc. (NASDAQ:BECN) shs were bought by MCLAUGHLIN ROBERT M. ISABELLA PAUL bought 3,200 shs worth $101,635. $497,828 worth of Beacon Roofing Supply, Inc. (NASDAQ:BECN) was bought by NOVICH NEIL S on Wednesday, November 21. BERQUIST CARL T bought $165,250 worth of stock. The insider Harrison Christopher Anthony bought 4,750 shs worth $149,147.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Ratings Coverage

Total analysts of 9 have positions in Beacon Roofing Supply (NASDAQ:BECN) as follows: 2 rated it a “Buy”, 0 with “Sell” and 7 with “Hold”. The positive are 22%. Since October 2, 2018 according to StockzIntelligence Inc Beacon Roofing Supply has 12 analyst reports. On Wednesday, November 21 the rating was maintained by Jefferies with “Hold”. On Thursday, November 15 the firm has “Underperform” rating by Wells Fargo given. On Friday, December 14 the firm has “Neutral” rating given by Wedbush. On Wednesday, November 21 Wells Fargo upgraded Beacon Roofing Supply, Inc. (NASDAQ:BECN) to “Hold” rating. On Wednesday, November 21 the firm earned “Buy” rating by Stephens. In Thursday, October 25 report Raymond James maintained it with “Strong Buy” rating and $45 target. The stock rating was downgraded by Longbow to “Neutral” on Wednesday, November 28. In Tuesday, October 2 report Robert W. Baird downgraded it to “Neutral” rating and $37 target. On Tuesday, November 20 Wedbush maintained the shares of BECN in report with “Outperform” rating. The stock rating was downgraded by William Blair to “Market Perform” on Monday, October 8.

For more Beacon Roofing Supply, Inc. (NASDAQ:BECN) news posted briefly go to: 247Wallst.com, Nasdaq.com, Nasdaq.com, Nasdaq.com or Nasdaq.com. The titles are as follows: “Top Analyst Upgrades and Downgrades: Allscripts, AmeriGas, CVS, IMAX, Kraft Heinz, Marathon Oil, Microsoft, Pfizer and Many More – 24/7 Wall St.” posted on February 25, 2019, “Lowe’s (LOW) Q4 Earnings Meet, Revenues Miss Estimates – Nasdaq” on February 27, 2019, “BECN Crosses Above Key Moving Average Level – Nasdaq” with a publish date: February 08, 2019, “Home Depot Ramps Up Hiring to Benefit From Spring Season – Nasdaq” and the last “Here is Why Growth Investors Should Buy Beacon Roofing (BECN) Now – Nasdaq” with publication date: February 04, 2019.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Institutional Investors Chart

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