Are You Interested In Investing In Beacon Roofing Supply Inc. (BECN)? Check This Out First


As of Wednesday close, Beacon Roofing Supply Inc.’s (NASDAQ:BECN) stock was up $0.21, moving up 0.36 percent to $59.25. The average number of shares traded per day over the past five days has been 340,880 shares. 4 times new highs have been achieved over the past 5 days, with a $1.65 gain in that time frame. In the last twenty days, the average volume was 565,590, while in the previous 50 days, it was 682,676.

Since last month, BECN stock rose 8.72%. Shares of the company fell to $52.91 on 10/25/22, the lowest level in the past month. A 52-week high of $65.30 was reached on 06/07/22 after having rallying from a 52-week low of $45.71. Since the beginning of this year, BECN’s stock price has risen by 3.31% or $1.90, and marked a new high 8 times. However, the stock has declined by -9.26% since its 52-week high.

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BECN stock investors should be aware that Beacon Roofing Supply Inc. (BECN) stock had its last reported insider trading activity 9 days ago on Nov 15. Nelson Christopher Carl, the EVP & CIO of the company, disposed of 4,073 shares for $58.71 on Nov 15. It resulted in a $239,126 divestment by the insider. Nelson Christopher Carl sold 12,643 shares at an average price of $58.54 on Nov 11. The insider now owns 0 shares following the transaction. On Nov 08, President, Waterproofing Harrell Martin S. bought 9,009 shares at $55.50 apiece. The transaction was valued at $500,000.

Valuation Metrics

Right now, Beacon Roofing Supply Inc. (BECN) has a P/E ratio of about 10.87. The stock’s beta is 1.62. Besides these, the trailing price-to-sales (P/S) ratio of 0.46, the price-to-book (PB) ratio of 2.10, and the price-to-cash flow ratio of 72.03 may also be considered.

Financial Health

In the three months ended June 29, Beacon Roofing Supply Inc.’s quick ratio stood at 1.10, while its current ratio was 1.90, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.04, and the total debt-to-equity ratio was 1.06. On the profitability front, the trailing twelve-month gross margin is 26.60% percent. In the year ended June 29, operating margins totaled 8.30%. Based on annual data, BECN earned $1.76 billion in gross profit and brought in $6.64 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.50%. Return on equity (ROE) for the past 12 months was 21.20%.

In Beacon Roofing Supply Inc.’s quarter-end financial report for June 29, it reported total debt of $1.85 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. BECN’s revenue rose 22.49% to $2.36 billion during the quarter, while net income inched up to $2.42 billion. While analysts expected Beacon Roofing Supply Inc. to report $2.31 quarterly earnings, the actual figure was $2.46 per share, beating the consensus estimate by 6.50%. During the quarter, the company generated $272.3 million in EBITDA. The liabilities of Beacon Roofing Supply Inc. were 3.95 billion at the end of its most recent quarter ended June 29, and its total debt was $2.56 billion. The value of shareholders’ equity is $65.06 million.

Technical Picture

This quick technical analysis looks at Beacon Roofing Supply Inc.’s (BECN) price momentum. With a historical volatility rate of 17.67%, the RSI 9-day stood at 66.45% on 23 November.

With respect to its five-day moving average, the current Beacon Roofing Supply Inc. price is up by +2.86% percent or $1.65. At present, BECN shares trade +8.44% above its 20-day simple moving average and +11.33% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.86% above its SMA50 and +9.36% above its SMA200.

Stochastic coefficient K was 83.96% and Stochastic coefficient D was 76.19%, while ATR was 1.59. Given the Stochastic reading of 90.92% for the 14-day period, the RSI (14) reading has been calculated as 61.64%. As of today, the MACD Oscillator reading stands at 0.54, while the 14-day reading stands at 1.37.

Analyst Ratings

Beacon Roofing Supply Inc. downgraded its rating on Beacon Roofing Supply Inc. (NASDAQ: BECN) to a Neutral in a note to investors on October 14, 2022. The analysts firm previously had an Outperform rating on the stock.Beacon Roofing Supply Inc. (BECN) has been rated Overweight by analysts. According to 0 brokerage firms, BECN is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Beacon Roofing Supply Inc. stock as buy, with 4 recommending it as overweight.

With a median target price of $68.50, the current consensus forecast for the stock is $54.00 – $87.00. Based on these forecasts, analysts predict Beacon Roofing Supply Inc. (BECN) will achieve an average price target of $68.92.


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