Today it was reported that a Director at Beacon Roofing Supply (BECN), Stuart Randle, exercised options to buy 14,851 BECN shares at $11.90 a share, for a total transaction value of $176.7K.
Following this transaction Stuart Randle’s holding in the company was increased by 183.48% to a total of $758.6K. In addition to Stuart Randle, 5 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 September 30, the company posted quarterly revenue of $1.94 billion and quarterly net profit of $43.04 million. In comparison, last year the company earned revenue of $1.29 billion and had a net profit of $45.13 million. BECN’s market cap is $2.25B and the company has a P/E ratio of 33.18. Currently, Beacon Roofing Supply has an average volume of 1.64M.
Six different firms, including Longbow Research and Raymond James, currently also have a Buy rating on the stock. Based on 11 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $32.67, reflecting a -1.2% downside.
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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.
