As of Friday close, Beacon Roofing Supply Inc.’s (NASDAQ:BECN) stock was up $1.14, moving up 1.47 percent to $78.60. The average number of shares traded per day over the past five days has been 691,320 shares. 2 times new highs have been achieved over the past 5 days, with a -$3.42 fall in that time frame. In the last twenty days, the average volume was 761,740, while in the previous 50 days, it was 621,834.
Since last month, BECN stock retreated -6.87%. Shares of the company fell to $76.79 on 08/18/23, the lowest level in the past month. A 52-week high of $87.46 was reached on 08/01/23 after having rallying from a 52-week low of $50.42. Since the beginning of this year, BECN’s stock price has risen by 48.89% or $25.81, and marked a new high 36 times. However, the stock has declined by -10.13% since its 52-week high.
BECN stock investors should be aware that Beacon Roofing Supply Inc. (BECN) stock had its last reported insider trading activity 9 days ago on Aug 10. CD&R Investment Associates IX, the 10% Owner of the company, disposed of 5,000,000 shares for $83.46 on Aug 10. It resulted in a $417,300,000 divestment by the insider. Nelson Christopher Carl sold 8,611 shares at an average price of $72.95 on Jun 12. The insider now owns 0 shares following the transaction. On Jun 08, Director RANDLE STUART A sold 10,299 shares at $72.43 apiece. The transaction was valued at $745,957.
Valuation Metrics
Right now, Beacon Roofing Supply Inc. (BECN) has a P/E ratio of about 13.37. The stock’s beta is 1.68. Besides these, the trailing price-to-sales (P/S) ratio of 0.58, the price-to-book (PB) ratio of 2.48, and the price-to-cash flow ratio of 5.99 may also be considered.
Financial Health
In the three months ended June 29, Beacon Roofing Supply Inc.’s quick ratio stood at 1.00, while its current ratio was 1.70, 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 0.86, and the total debt-to-equity ratio was 0.88. On the profitability front, the trailing twelve-month gross margin is 25.80% percent. In the year ended June 29, EBITDA margin amounted to 10.44%, whereas operating margins totaled 7.60%. Based on annual data, BECN earned $2.24 billion in gross profit and brought in $8.43 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 14.00%. Return on equity (ROE) for the past 12 months was 20.20%.
In Beacon Roofing Supply Inc.’s quarter-end financial report for June 29, it reported total debt of $1.67 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 5.79% to $1.73 billion during the quarter, while net income inched up to $2.5 billion. While analysts expected Beacon Roofing Supply Inc. to report $2.27 quarterly earnings, the actual figure was $2.31 per share, beating the consensus estimate by 1.80%. During the quarter, the company generated $277.5 million in EBITDA. The liabilities of Beacon Roofing Supply Inc. were 4.08 billion at the end of its most recent quarter ended June 29, and its total debt was $2.26 billion. The value of shareholders’ equity is $63.1 million.
Technical Picture
This quick technical analysis looks at Beacon Roofing Supply Inc.’s (BECN) price momentum. With a historical volatility rate of 38.42%, the RSI 9-day stood at 33.63% on 18 August.
With respect to its five-day moving average, the current Beacon Roofing Supply Inc. price is down by -4.17% percent or -$3.42. At present, BECN shares trade -5.63% below its 20-day simple moving average and +37.68% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.75% above its SMA50 and +39.49% above its SMA200.
Stochastic coefficient K was 6.48% and Stochastic coefficient D was 6.71%, while ATR was 2.29. Given the Stochastic reading of 16.96% for the 14-day period, the RSI (14) reading has been calculated as 39.21%. As of today, the MACD Oscillator reading stands at -2.32, while the 14-day reading stands at -3.78.
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 9 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 $95.00, the current consensus forecast for the stock is $86.00 – $108.00. Based on these forecasts, analysts predict Beacon Roofing Supply Inc. (BECN) will achieve an average price target of $96.92.
