Economy

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.

More news: Kohli, Dhoni rested for Nidahas Trophy

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.



Like this

loading...
loading...

Latest


25 February 2018
Shohei Ohtani Struggles With Commend In Spring Debut
Ohtani followed that up by walking first baseman Ji-Man Choi and then throwing a wild pitch to catcher Manny Pina. Ohtani struck out the first and the last batter he faced in the first inning, but laboured in between.

25 February 2018
Ancient Necropolis Found in Egypt's Tuna al-Gabal
Forty sarcohagi - some bearing the names of their owners in hieroglyphics - are believed to belong to the priest's family members. AN ancient cemetery containing 40 mummies and a necklace inscribed with the message "Happy New Year has been in Egypt".

25 February 2018
Trump campaign aide pleads guilty in Mueller inquiry and will cooperate
When they belatedly reported the work in June, they said their company had been paid $17 million between 2012 and 2014. Gates pleaded guilty to one count of conspiracy against the United States and one count of making a false statement .

25 February 2018
Nektar Therapeutics (NKTR) CEO Sells $1060636.72 in Stock
The insider KUEBLER CHRISTOPHER A sold $1.76M. $2.41M worth of stock was sold by Gergel Ivan P. on Friday, September 29. Rathbone Brothers Public Limited Company has invested 0.02% of its portfolio in Nektar Therapeutics (NASDAQ:NKTR).

25 February 2018
Western Gas Equity Partners (NYSE:WGP) Announces Quarterly Earnings Results
After $0.39 actual EPS reported by Western Gas Partners, LP for the previous quarter, Wall Street now forecasts 46.15% EPS growth. It is positive, as 56 investors sold C shares while 400 reduced holdings. 121 funds opened positions while 584 raised stakes.

25 February 2018
OAR outlast Germany for Olympic ice hockey gold in overtime classic
Forward Felix Schutz scored on an excellent pass from Brooks Macek 10 minutes in. This is more than fantastic". "It's great and it feels good".

25 February 2018
Both suspects in Kuwait murder of Filipina arrested in Lebanon
A man has been arrested for the death of Joanna Demafelis , a Filipina maid found dead in a freezer in Kuwait City. The murder led to a ban on Filipino workers traveling to Kuwait.

25 February 2018
Mercedes release visor-cam Halo footage from Bottas shakedown
But technical director James Allison confirmed: The wheelbase is the same this year as it was last year. He hopes, and possibly expects, this vehicle will propel him to a fifth world championship.

25 February 2018
Gabriel Jesus backed by Pep Guardiola for Manchester City's EFL Cup final
Many questions have been asked of Arsenal this season, some of which can be answered by Arsenal's performance in tomorrow's final. Click the right arrow above to see the seven managers who have won all three English domestic honours in the dugout.

25 February 2018
Van Gaal to replace Conte at Chelsea?
My intention is to remain here, but if something were to change, there would be several different scenarios opening up'. Conte will be looking to get one over United when the two sides meet at Old Trafford on Sunday afternoon.