Beacon Roofing Supply (BECN)

• Market cap: $7.02B
• 1 day: 0.19%
• 5 days: 0.34%
• 1 month: 21.57%
• 3 months: 34.16%
• 6 months: 18.81%
• Year to date: 31.37%
• 1 year: 35.28%
• 5 years: 299.93%
• 10 years: 318.80%
• Sector: Materials
• Industry: Lumber & Other Construction Materials

About: Beacon Roofing Supply Inc manufactures and sells roofing and building materials throughout the United States and Canada. Beacon's key customers consist of contractors, home builders, lumberyards, retailers, wholesale distributors, and building materials suppliers. The company's product portfolio includes both residential and non-residential roofing materials, siding, windows, and waterproofing systems. The majority of revenue is generated from residential and non-residential roofing products. The vast majority of Beacon's revenue comes from the United States.

Employees: 8,063

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

15% more repeat investments, than reductions

Existing positions increased: 114 | Existing positions reduced: 99

1% more call options, than puts

Call options by funds: $7.71M | Put options by funds: $7.65M

0% more funds holding in top 10

Funds holding in top 10: 5 [Q2] → 5 (+0) [Q3]

0.23% less ownership

Funds ownership: 97.02% [Q2] → 96.79% (-0.23%) [Q3]

0% less funds holding

Funds holding: 310 [Q2] → 309 (-1) [Q3]

2% less first-time investments, than exits

New positions opened: 55 | Existing positions closed: 56

7% less capital invested

Capital invested by funds: $5.59B [Q2] → $5.18B (-$401M) [Q3]

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $103 9% downside
• Avg. target: $122 7% upside
• High target: $140 23% upside

6 analyst ratings

• positive: 5 83%
• neutral: 1 17%
• negative: 0 0%

JP Morgan Michael Rehaut 92% 1-year accuracy 11 / 12 met price target	20% upside $136	Overweight Maintained	19 Nov 2024
Stephens & Co. Trey Grooms 91% 1-year accuracy 21 / 23 met price target	9% downside $103	Equal-Weight Reiterated	19 Nov 2024
JP Morgan Michael Rehaut 92% 1-year accuracy 11 / 12 met price target	5% upside $119	Overweight Maintained	7 Nov 2024
RBC Capital Mike Dahl 70% 1-year accuracy 38 / 54 met price target	0% upside $114	Outperform Maintained	1 Nov 2024
Benchmark Reuben Garner 76% 1-year accuracy 25 / 33 met price target	23% upside $140	Buy Reiterated	1 Nov 2024