Today, the Chairman of Beacon Roofing Supply (NASDAQ: BECN), Robert Buck, bought shares of BECN for $35.94K.
This recent transaction increases Robert Buck’s holding in the company by 100% to a total of $1.42 million. This is Buck’s first Buy trade following 11 Sell transactions.
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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 $2.76B and the company has a P/E ratio of 29.61. Currently, Beacon Roofing Supply has an average volume of 328.8K.
Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $58.00, reflecting a -30.1% downside. 13 different firms, including Buckingham and Jefferies, currently also have a Buy rating on the stock.
Robert Buck’s trades have generated a -14.9% 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.
