Beacon Roofing Supply
BECN

$101.16

2.86%

Market Cap: 6.43B

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

Materials Lumber & Other Construction Materials

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 7 analysts

0

News positive %

of 11 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

157% more call options, than puts

Call options by funds: $12.6M | Put options by funds: $4.9M

43% more repeat investments, than reductions

Existing positions increased: 123 | Existing positions reduced: 86

9% more capital invested

Capital invested by funds: $5.43B [Q4 2023] → $5.91B (+$488M) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 7 [Q4 2023] → 7 (+0) [Q1 2024]

2% less funds holding

Funds holding: 314 [Q4 2023] → 307 (-7) [Q1 2024]

3.33% less ownership

Funds ownership: 98.49% [Q4 2023] → 95.16% (-3.33%) [Q1 2024]

12% less first-time investments, than exits

New positions opened: 51 | Existing positions closed: 58

See Fund Rankings

Research analyst outlook

7 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$95

6%

downside

Avg. target

$116

15%

upside

High target

$135

33%

upside

7 analyst ratings

6 positive

86%

1 neutral

14%

0 negative

0%

JP Morgan Michael Rehaut	16%upside $117	Overweight Maintained	28 May 2024
Truist Securities Keith Hughes	6%downside $95	Hold Maintained	3 May 2024
Baird David Manthey	16%upside $117	Outperform Maintained	3 May 2024
Benchmark Reuben Garner	33%upside $135	Buy Initiated	18 Apr 2024
BMO Capital Ketan Mamtora	19%upside $120	Outperform Maintained	11 Apr 2024

See Analyst Rankings

Financial journalist opinion

Based on 11 articles about BECN published over the past 30 days

Zacks Investment Research

Beacon Roofing Supply (BECN) Reports Next Week: Wall Street Expects Earnings Growth

Beacon Roofing (BECN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Beacon Roofing Supply (BECN) Reports Next Week: Wall Street Expects Earnings Growth

Beacon Strengthens eCommerce Platform With Enhanced EagleView Integration

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and related exterior products, announced today an enhanced alliance with EagleView, a leading provider of aerial imagery, software, and analytics. This collaboration includes a seamless integration of EagleView's detailed roof measurements with Beacon PRO+®, an industry-leading ecommerce platform. Available exclusively in Beacon PRO+, Smart Order is a fi.

Beacon Strengthens eCommerce Platform With Enhanced EagleView Integration

Beacon Expands Service With New Locations in Georgia and Texas

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and exterior products, announced today that it has opened new locations in Athens, Georgia and in Midlothian, Texas. The new branch in Athens, Georgia serves the area's residential and commercial markets including the University of Georgia. “Our complete product catalog, including the TRI-BUILT® line, is now available for customers in Athens. We are also.

Beacon Expands Service With New Locations in Georgia and Texas

Beacon to Announce Second Quarter 2024 Earnings on August 1, 2024

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) (the “Company”) announced today that its earnings results for the quarter ended June 30, 2024 will be released after market close on Thursday, August 1, 2024. The Company will host a conference call and webcast to discuss its financial results at 5:00 p.m. Eastern Time that same day. Analysts, investors and interested parties are invited to register and listen to the earnings call and view accompanying slides on the Company's website at the b.

Beacon to Announce Second Quarter 2024 Earnings on August 1, 2024

Zacks Investment Research

Will Beacon Roofing (BECN) Beat Estimates Again in Its Next Earnings Report?

Beacon Roofing (BECN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Beacon Roofing (BECN) Beat Estimates Again in Its Next Earnings Report?

Zacks Investment Research

Beacon (BECN) Expands in California by Acquiring Roofers Mart

Beacon (BECN) advances with the Ambition 2025 plan by acquiring Roofers Mart of Southern California, Inc., thus expanding its commercial roofing product offerings.

Beacon (BECN) Expands in California by Acquiring Roofers Mart

Beacon Announces Acquisition of Roofers Mart of Southern California

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) announced today that it has completed the acquisition of Roofers Mart of Southern California, Inc. (“Roofers Mart”) located in Walnut, California. Roofers Mart has a 40-year history serving roofing contractors in the Los Angeles metro market. “We are excited to join the Beacon team. Our customers trust us to deliver top quality, which will be enhanced as we combine with Beacon to extend our expertise, scope, and size,” commented Greg Robles,.

Beacon Announces Acquisition of Roofers Mart of Southern California

DanceOne and Debbie Allen Dance Academy Join Forces to Drive Accessibility and Advance the Next Generation of Dancers

LOS ANGELES--(BUSINESS WIRE)--DanceOne and Debbie Allen Dance Academy Join Forces to Drive Accessibility and Advance the Next Generation of Dancers.

DanceOne and Debbie Allen Dance Academy Join Forces to Drive Accessibility and Advance the Next Generation of Dancers

Zacks Investment Research

Beacon (BECN) Enhances Metal Roofing Portfolio With Buyouts

Beacon (BECN) expands its services for metal roofing contractors with the acquisition of Extreme Metal and Integrity Metals.

Beacon (BECN) Enhances Metal Roofing Portfolio With Buyouts

Beacon Named a National Preferred Partner by David Weekley Homes for the Fifth Time

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN) announced today that it has been recognized for a fifth year as a National Preferred Partner by David Weekley Homes, one of the United States' largest privately-held home builders. “Year after year, David Weekley Homes trusts us as a partner in delivering service excellence by providing efficiency gains through reliability and digital integration,” said Greg Bloom, Vice President National Accounts at Beacon. “This recognition exemplifies our.

Beacon Named a National Preferred Partner by David Weekley Homes for the Fifth Time

See News Rankings