Beacon Roofing Supply (NASDAQ:BECN) Downgraded to "Strong Sell" at BidaskClub

The stock was sold at an average price of $60.57, for a total value of $2,422,800.00. The company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.14. Company insiders own 0.77% of the company's stock. About 5,451 shares traded. TrueCar, Inc. (NASDAQ:TRUE) has risen 161.73% since February 24, 2017 and is uptrending. It has outperformed by 0.08% the S&P500.

Charles Paquelet increased its stake in Beacon Roofing Supply Inc (BECN) by 1143.98% based on its latest 2017Q3 regulatory filing with the SEC. Following the sale, the chief executive officer now owns 172,046 shares of the company's stock, valued at approximately $10,420,826.22. The hedge fund held 15,810 shares of the consumer services company at the end of 2017Q3, valued at $810,000, down from 26,400 at the end of the previous reported quarter.

Diker Management Llc decreased Beacon Roofing Supply Inc (BECN) stake by 38.46% reported in 2017Q3 SEC filing. The stock increased 3.02% or $1.61 during the last trading session, reaching $54.85. About 459,944 shares traded. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has risen 17.34% since February 24, 2017 and is uptrending. It has outperformed by 0.64% the S&P500. Cambiar Investors Llc sold 107,514 shares as Beacon Roofing Supply Inc (BECN)'s stock rose 6.61%.

A number of other research firms also recently commented on BECN. During the same quarter in the prior year, the firm posted $0.56 EPS. equities analysts expect that Beacon Roofing Supply will post 3.56 earnings per share for the current year. The company provided earnings per share (EPS) guidance of $3.40-3.70 for the period, compared to the Thomson Reuters consensus estimate of $3.19. Macquarie Group Ltd. purchased a new position in Beacon Roofing Supply during the 4th quarter worth $147,000. It also reduced its holding in Facebook Inc A (NASDAQ:FB) by 36,013 shares in the quarter, leaving it with 965,760 shares, and cut its stake in Best Buy Co Inc (NYSE:BBY).

Beacon Roofing Supply (NASDAQ:BECN) updated its FY18 earnings guidance on Thursday. Therefore 100% are positive. RBC Capital Markets maintained the shares of BECN in report on Tuesday, November 14 with "Buy" rating. The rating was maintained by RBC Capital Markets with "Buy" on Monday, July 24. As per Tuesday, July 28, the company rating was upgraded by Raymond James.

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Beacon Roofing Supply, Inc., together with its subsidiaries, distributes residential and non-residential roofing materials, and other complementary building materials to contractors, home builders, retailers, and building materials suppliers. (NASDAQ:BECN) has "Hold" rating given on Wednesday, August 12 by TheStreet. RBC Capital Markets maintained it with "Buy" rating and $5800 target in Monday, June 19 report. (NASDAQ:BECN) rating on Tuesday, November 22. The rating was maintained by KeyBanc Capital Markets on Wednesday, October 11 with "Hold".

Investors sentiment increased to 1.91 in 2017 Q3. Its up 0.92, from 0.99 in 2017Q2. It is positive, as 21 investors sold BECN shares while 48 reduced holdings. 122 are held by Carroll Fincl Associate. Dudley & Shanley reported 701,350 shares or 7.93% of all its holdings. More interesting news about Beacon Roofing Supply, Inc. First Trust Lp invested in 0% or 25,246 shares. Basswood Ltd invested in 0.83% or 354,004 shares. (NYSE:VZ). Edgemoor Advsr Incorporated reported 218,323 shares or 1.46% of all its holdings. Advisor Group Inc. boosted its holdings in shares of Beacon Roofing Supply by 8.9% in the second quarter. Teacher Retirement Sys Of Texas reported 5,511 shares. Royal Commercial Bank Of Canada accumulated 1.20 million shares. Highbridge holds 0.06% or 72,083 shares in its portfolio. Augustine Asset Management Inc who had been investing in Hsbc Holdings (Hsbc) for a number of months, seems to be bullish on the $198.19B market cap company. Congress Asset Ma owns 12,974 shares or 0.01% of their U.S. portfolio. 3,123 are owned by Huntington Financial Bank.

Atlanta Capital Management Co Llc increased O Reilly Automotive Inc New (NASDAQ:ORLY) stake by 8,990 shares to 126,089 valued at $27.16M in 2017Q3. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Seaport Global maintained the stock with "Buy" rating in Thursday, January 4 report. D E Shaw And reported 0.02% of its portfolio in Beacon Roofing Supply, Inc. The stock of HSBC Holdings plc (NYSE:HSBC) earned "Underweight" rating by JP Morgan on Wednesday, January 6. (NASDAQ:TRUE) has "Buy" rating given on Friday, November 4 by Loop Capital. (NASDAQ:TRUE) has "Mkt Perform" rating given on Friday, February 19 by JMP Securities. The stock of The Coca-Cola Company (NYSE:KO) has "Neutral" rating given on Thursday, April 21 by Goldman Sachs. Loop Capital initiated TrueCar, Inc. (NASDAQ:TRUE) rating on Thursday, August 11. On Tuesday, July 28 the stock rating was upgraded by Robert W. Baird to "Outperform". (NASDAQ:TRUE) earned "Buy" rating by FBR Capital on Friday, December 15. The firm earned "Hold" rating on Monday, September 18 by Cowen & Co. The rating was reinitiated by Goldman Sachs with "Neutral" on Wednesday, October 11.

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