Stocks of Beacon Roofing Supply Inc (NASDAQ:BECN) traded higher last session on Wall Street, up 0.04% to $123.82.
BECN stock price is now 5.68% away from the 50-day moving average and 22.94% away from the 200-day moving average. The market capitalization of the company currently stands at $7.65B.
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With the price target reduced from $131 to $122.55, Stifel Downgraded its rating from Buy to Hold for Beacon Roofing Supply Inc (NASDAQ: BECN). , while ‘The Benchmark Company’ rates the stock as ‘Buy’
In other news, Taylor Jason L, President, West Division sold 2,600 shares of the company’s stock on Nov 18 ’24. The stock was sold for $286,000 at an average price of $110.00. Upon completion of the transaction, the President, West Division now directly owns 6,531 shares in the company, valued at $0.81 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, Officer JASON TAYLOR bought 2,600 shares of the business’s stock. A total of $256,750 was incurred on buying the stock at an average price of $98.75. A total of 0.83% of the company’s stock is owned by insiders.
During the past 12 months, Beacon Roofing Supply Inc has had a low of $77.54 and a high of $123.90. As of last week, the company has a debt-to-equity ratio of 1.74, a current ratio of 1.97, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $11004161024, which is based on a 21.71 price-to-earnings ratio, a 2.52 price-to-earnings-growth ratio, and a beta of 1.33. The fifty day moving average price for BECN is $117.1674 and a two-hundred day moving average price translates $100.7193 for the stock.
The latest earnings results from Beacon Roofing Supply Inc (NASDAQ: BECN) was released for 2024-12-31. The net profit margin was 3.70% and return on equity was 18.96% for BECN. The company reported revenue of $2.4 billion for the quarter, compared to $2.3 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.53 percent.
