Today, a Director at Beacon Roofing Supply (NASDAQ: BECN), Philip Knisely, bought shares of BECN for $222.8K.
Following this transaction Philip Knisely’s holding in the company was increased by 100% to a total of $226K. This is Knisely’s first transaction since reporting a Sell transaction on DHR back in July 2009
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Based on Beacon Roofing Supply’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.93 billion and quarterly net profit of $43.97 million. In comparison, last year the company earned revenue of $1.21 billion and had a net profit of $44.66 million. BECN’s market cap is $2.57B and the company has a P/E ratio of 31.66. Currently, Beacon Roofing Supply has an average volume of 825.2K.
Based on 13 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $50.82, reflecting a -25.9% downside. 16 different firms, including Buckingham and Citigroup, currently also have a Buy rating on the stock.
The insider sentiment on Beacon Roofing Supply has been positive according to 18 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Beacon Roofing Supply, Inc. engages in the distribution of residential and non-residential roofing materials. It also distributes complementary building products including siding, windows, specialty exterior building products, insulation, and waterproofing systems for building exteriors.
