Today, a Director at Beacon Roofing Supply (NASDAQ: BECN), Richard Frost, bought shares of BECN for $501.8K.
This is Frost’s first transaction since reporting a Buy transaction on TSCO back in May 2015 In addition to Richard Frost, 3 other BECN executives reported Buy trades in the last month.
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Based on Beacon Roofing Supply’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.43 billion and GAAP net loss of $66.66 million. In comparison, last year the company earned revenue of $871 million and had a GAAP net loss of $9.36 million. BECN’s market cap is $2.88B and the company has a P/E ratio of 30.88. Currently, Beacon Roofing Supply has an average volume of 431.3K.
Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $58.00, reflecting a -27.0% downside. 13 different firms, including Buckingham and Jefferies, currently also have a Buy rating on the stock.
The insider sentiment on Beacon Roofing Supply has been positive according to 16 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Richard Frost’s trades have generated a 41.6% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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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.
