Today, the EVP & GC of Beacon Roofing Supply (NASDAQ: BECN), Ross Cooper, bought shares of BECN for $79.97K.
Following this transaction Ross Cooper’s holding in the company was increased by 25.12% to a total of $411.2K. Following Ross Cooper’s last BECN Buy transaction on February 16, 2016, the stock climbed by 6.5%.
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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 $2.63B and the company has a P/E ratio of 33.24. Currently, Beacon Roofing Supply has an average volume of 1.47M.
16 different firms, including Buckingham and Citigroup, currently also have a Buy rating on the stock. Based on 13 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $50.82, reflecting a -22.2% downside.
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.
