Norris Perne & French Llp Has Increased Holding in Beacon Roofing Supply (BECN) by $5.27 Million as Stock Price Declined

September 16, 2018 - By Michael Garrison

Beacon Roofing Supply, Inc. (NASDAQ:BECN) LogoInvestors sentiment increased to 1.34 in 2018 Q2. Its up 0.48, from 0.86 in 2018Q1. It improved, as 40 investors sold BECN shares while 54 reduced holdings. 37 funds opened positions while 89 raised stakes. 71.31 million shares or 12.13% more from 63.59 million shares in 2018Q1 were reported. United Serv Automobile Association stated it has 4,823 shares. Impax Asset Management Ltd Com owns 449,764 shares for 1.14% of their portfolio. Regions Corporation has 5,781 shares for 0% of their portfolio. State Common Retirement Fund holds 297,407 shares. Balyasny Asset Ltd Limited Liability Company accumulated 476,355 shares. Piedmont Inv Advsrs Limited Liability Corporation holds 0% or 1,184 shares in its portfolio. Kennedy reported 250,875 shares. Bell Financial Bank has invested 0.09% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). The New York-based Clearbridge Investments Ltd Liability Com has invested 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Hudson Bay Capital Limited Partnership holds 41,516 shares or 0.02% of its portfolio. Bb&T Secs Ltd Liability Corporation reported 12,704 shares. Sei owns 254,389 shares. Strs Ohio reported 55,300 shares or 0.01% of all its holdings. Northern Tru owns 1.10 million shares or 0.01% of their US portfolio. New York-based Diker Management Ltd Co has invested 1.61% in Beacon Roofing Supply, Inc. (NASDAQ:BECN).

Since May 18, 2018, it had 3 insider buys, and 0 sales for $824,608 activity. 6,000 Beacon Roofing Supply, Inc. (NASDAQ:BECN) shares with value of $222,865 were bought by KNISELY PHILIP. On Friday, May 18 NOWICKI JOSEPH M bought $99,912 worth of Beacon Roofing Supply, Inc. (NASDAQ:BECN) or 2,470 shares.

Norris Perne & French Llp increased its stake in Beacon Roofing Supply (BECN) by 93.9% based on its latest 2018Q2 regulatory filing with the SEC. Norris Perne & French Llp bought 125,398 shares as the company’s stock declined 3.91% while stock markets rallied. The institutional investor held 258,947 shares of the consumer services company at the end of 2018Q2, valued at $11.04M, up from 133,549 at the end of the previous reported quarter. Norris Perne & French Llp who had been investing in Beacon Roofing Supply for a number of months, seems to be bullish on the $2.68B market cap company. The stock increased 0.61% or $0.24 during the last trading session, reaching $39.31. About 668,379 shares traded. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has declined 14.85% since September 16, 2017 and is downtrending. It has underperformed by 30.47% the S&P500.

More important recent Beacon Roofing Supply, Inc. (NASDAQ:BECN) news were published by: Seekingalpha.com which released: “Weekly Wrap: As Investors Remain Complacent, Insiders Are Cashing In Their Shares” on September 15, 2018, also Benzinga.com published article titled: “30 Stocks Moving In Monday’s Mid-Day Session”, Streetinsider.com published: “Shingle Prices at Big Box Retailers Rise Most Since 2012 – Northcoast Research (OC) (BECN)” on September 10, 2018. More interesting news about Beacon Roofing Supply, Inc. (NASDAQ:BECN) was released by: Nasdaq.com and their article: “Report: Exploring Fundamental Drivers Behind Hemispherx BioPharma, Express, Senseonics, Forestar Group, CoBiz …” with publication date: August 27, 2018.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Ratings Coverage

Among 11 analysts covering Beacon Roofing Supply (NASDAQ:BECN), 4 have Buy rating, 1 Sell and 6 Hold. Therefore 36% are positive. Beacon Roofing Supply had 14 analyst reports since May 9, 2018 according to SRatingsIntel. Northcoast downgraded the stock to “Hold” rating in Monday, May 14 report. Wedbush maintained the shares of BECN in report on Wednesday, May 9 with “Buy” rating. The stock of Beacon Roofing Supply, Inc. (NASDAQ:BECN) earned “Underperform” rating by Wells Fargo on Wednesday, August 8. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Thursday, June 28. Jefferies downgraded the shares of BECN in report on Wednesday, May 9 to “Hold” rating. On Tuesday, June 19 the stock rating was reinitiated by Citigroup with “Buy”. The firm earned “Sector Weight” rating on Friday, August 10 by KeyBanc Capital Markets. Stephens upgraded the stock to “Overweight” rating in Friday, July 20 report. The rating was downgraded by JP Morgan to “Neutral” on Thursday, May 10. The stock has “Neutral” rating by Citigroup on Wednesday, August 8.

Beacon Roofing Supply, Inc. (NASDAQ:BECN) Institutional Positions Chart

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