Beacon Roofing Supply
BECN

$81.58

1.94%

Market Cap: $5.05B

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 6,710 funds

0

Analysts bullish %

of 3 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

60% more call options, than puts

Call options by funds: $11.3M | Put options by funds: $7.06M

16% more repeat investments, than reductions

Existing positions increased: 116 | Existing positions reduced: 100

0% less funds holding

Funds holding: 310 [Q1] → 309 (-1) [Q2]

2% less first-time investments, than exits

New positions opened: 52 | Existing positions closed: 53

2.13% less ownership

Funds ownership: 97.41% [Q1] → 95.28% (-2.13%) [Q2]

9% less capital invested

Capital invested by funds: $6.05B [Q1] → $5.49B (-$569M) [Q2]

29% less funds holding in top 10

Funds holding in top 10: 7 [Q1] → 5 (-2) [Q2]

See Fund Rankings

Research analyst outlook

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

Low target

$95

16%

upside

Avg. target

$108

32%

upside

High target

$115

41%

upside

3 analyst ratings

2 positive

67%

1 neutral

33%

0 negative

0%

Stephens & Co. Trey Grooms 48% 1-year accuracy 11 / 23 met price target	16%upside $95	Equal-Weight Maintained	5 Aug 2024
RBC Capital Mike Dahl 56% 1-year accuracy 28 / 50 met price target	39%upside $113	Outperform Maintained	2 Aug 2024
Baird David Manthey 48% 1-year accuracy 10 / 21 met price target	41%upside $115	Outperform Maintained	2 Aug 2024

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Financial journalist opinion

Based on 4 articles about BECN published over the past 30 days

Zacks Investment Research

5 Retail Building Products Stocks Ready to Gain From Industry Upswing

Tech initiatives and e-commerce growth boost the Building Products - Retail industry, but inflation, soft demand and lumber price deflation pose challenges. HD, LOW, FAST, BECN and TGLS look well-poised for growth.

5 Retail Building Products Stocks Ready to Gain From Industry Upswing

Beacon Joins Forces With U.S. Army to Create Career Opportunities for Veterans

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (the “Company”) (Nasdaq: BECN) the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and exterior products, announced today a partnership with the U.S. Army Partnership for Your Success (PaYS) Program to provide military service members with career pathways in the roofing industry following their military service. This alliance underscores Beacon's commitment to supporting Veterans and providing career opportunities to tho.

Beacon Joins Forces With U.S. Army to Create Career Opportunities for Veterans

Beacon Expands Commitment to Veterans With Launch of 6th Annual Beacon of Hope

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and exterior products, is seeking nominations for its annual Beacon of Hope. This North American program has been expanded to award new roofs at no cost to 12 Veteran-owned homes and two community buildings that house organizations serving Veterans. Now in its sixth year, Beacon of Hope is part of Beacon's commitment to Building Better for its Communitie.

Beacon Expands Commitment to Veterans With Launch of 6th Annual Beacon of Hope

Beacon Expands Commitment to Veterans With Launch of 6th Annual Beacon of Hope

HERNDON, Va.--(BUSINESS WIRE)---- $becn #Ambition2025--Beacon (Nasdaq: BECN), the leading publicly-traded wholesale distributor specializing in roofing, waterproofing and exterior products, is seeking nominations for its annual Beacon of Hope. This North American program has been expanded to award new roofs at no cost to 12 Veteran-owned homes and two community buildings that house organizations serving Veterans. This is also the first year that Gold Star Families are welcome as nominees. Gold Star Families have exper.

Beacon Expands Commitment to Veterans With Launch of 6th Annual Beacon of Hope

Beacon Announces Acquisition of Passaic Metal and Building Supplies

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 that it has completed the acquisition of Passaic Metal and Building Supplies Co. and certain affiliated companies (“PAMPCO”) headquartered in Clifton, New Jersey. PAMPCO has five branches in New Jersey and one in upstate New York. PAMPCO's roots in metal, roofing and siding date back to 1911. “Four generatio.

Beacon Announces Acquisition of Passaic Metal and Building Supplies

Beacon Announces Acquisition of SSR Roof Supply

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 that it has completed the acquisition of SSR Roof Supply Ltd. (“SSR”). SSR operates two branches in the Vancouver, British Columbia market, with one branch in Burnaby and the other in Surrey. SSR has been serving residential and commercial contractors for over 30 years. “We are proud of our history as a fami.

Beacon Announces Acquisition of SSR Roof Supply

Zacks Investment Research

Beacon (BECN) Q2 Earnings & Sales Miss Estimates, Shares Down

Solid demand, higher pricing and recent acquisitions drive Beacon Roofing's (BECN) second-quarter results.

Beacon (BECN) Q2 Earnings & Sales Miss Estimates, Shares Down

Beacon Roofing Supply, Inc. (BECN) Q2 2024 Earnings Call Transcript

Beacon Roofing Supply, Inc. (NASDAQ:BECN ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Binit Sanghvi – Vice President-Capital Markets and Treasurer Julian Francis – Chief Executive Officer Prith Gandhi – Chief Financial Officer Conference Call Participants Michael Rehaut – JPMorgan Garik Shmois – Loop Capital Adam Baumgarten – Zelman & Associates David Manthey – Baird Mike Dahl – RBC Trey Grooms – Stephens Kathryn Thompson – Thompson Research Group Keith Hughes – Truist David MacGregor – Longbow Research Reuben Garner – Benchmark Company Operator Good evening, ladies and gentlemen, and welcome to the Beacon Second Quarter 2024 Earnings Call. My name is Elliot.

Beacon Roofing Supply, Inc. (BECN) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Compared to Estimates, Beacon Roofing (BECN) Q2 Earnings: A Look at Key Metrics

Although the revenue and EPS for Beacon Roofing (BECN) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Beacon Roofing (BECN) Q2 Earnings: A Look at Key Metrics

Zacks Investment Research

Beacon Roofing Supply (BECN) Lags Q2 Earnings and Revenue Estimates

Beacon Roofing Supply (BECN) came out with quarterly earnings of $2.32 per share, missing the Zacks Consensus Estimate of $2.82 per share. This compares to earnings of $2.66 per share a year ago.

Beacon Roofing Supply (BECN) Lags Q2 Earnings and Revenue Estimates

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