Beacon Roofing Supply, Inc. (NASDAQ:BECN) was the recipient of unusually large options trading on Monday. Traders bought 574 call options on the company. This represents an increase of approximately 770% compared to the typical volume of 66 call options.
Shares of Beacon Roofing Supply (NASDAQ:BECN) opened at $53.23 on Wednesday. The company has a quick ratio of 3.58, a current ratio of 4.60 and a debt-to-equity ratio of 1.09. Beacon Roofing Supply has a 52 week low of $39.57 and a 52 week high of $66.47. The stock has a market capitalization of $3,620.00, a PE ratio of 33.06, a price-to-earnings-growth ratio of 0.47 and a beta of 1.35.
Beacon Roofing Supply (NASDAQ:BECN) last issued its quarterly earnings results on Thursday, February 8th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.14. Beacon Roofing Supply had a return on equity of 9.60% and a net margin of 3.29%. The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the company earned $0.56 EPS. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. equities analysts predict that Beacon Roofing Supply will post 3.56 earnings per share for the current year.
A number of large investors have recently modified their holdings of BECN. State Street Corp boosted its stake in Beacon Roofing Supply by 6.8% in the 2nd quarter. State Street Corp now owns 1,191,496 shares of the company’s stock worth $58,385,000 after buying an additional 75,732 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Beacon Roofing Supply by 1.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 46,427 shares of the company’s stock worth $2,275,000 after buying an additional 517 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Beacon Roofing Supply in the 2nd quarter worth about $312,000. Strs Ohio boosted its stake in Beacon Roofing Supply by 10.0% in the 3rd quarter. Strs Ohio now owns 105,700 shares of the company’s stock worth $5,417,000 after buying an additional 9,600 shares during the last quarter. Finally, Tocqueville Asset Management L.P. acquired a new stake in Beacon Roofing Supply in the 3rd quarter worth about $402,000. 99.79% of the stock is currently owned by hedge funds and other institutional investors.
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About Beacon Roofing Supply
Beacon Roofing Supply, Inc is engaged in the distribution of residential and non-residential roofing materials in the United States and Canada. It also distributes complementary building products for residential and non-residential building exteriors. Its product portfolio includes residential roofing products, non-residential roofing products and complementary building products.
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