Vigilant Capital Management Exits Position in Beacon Roofing Supply (BECN)

Beacon Roofing Supply (BECN) : Vigilant Capital Management has sold out all of its stake in Beacon Roofing Supply during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 116 shares of Beacon Roofing Supply which is valued at $4,938.

Other Hedge Funds, Including , Integrated Investment Consultants reduced its stake in BECN by selling 43 shares or 2.03% in the most recent quarter. The Hedge Fund company now holds 2,077 shares of BECN which is valued at $88,418. Beacon Roofing Supply makes up approx 0.05% of Integrated Investment Consultants’s portfolio.Msi Financial Services Inc reduced its stake in BECN by selling 212 shares or 40.69% in the most recent quarter. The Hedge Fund company now holds 309 shares of BECN which is valued at $13,043.Eagle Asset Management Inc boosted its stake in BECN in the latest quarter, The investment management firm added 16,308 additional shares and now holds a total of 87,317 shares of Beacon Roofing Supply which is valued at $3,665,568. Beacon Roofing Supply makes up approx 0.03% of Eagle Asset Management Inc’s portfolio. Cutler Group Lp added BECN to its portfolio by purchasing 1,886 company shares during the most recent quarter which is valued at $81,249.Fisher Asset Management boosted its stake in BECN in the latest quarter, The investment management firm added 8,886 additional shares and now holds a total of 1,721,625 shares of Beacon Roofing Supply which is valued at $74,167,605. Beacon Roofing Supply makes up approx 0.14% of Fisher Asset Management’s portfolio.

Beacon Roofing Supply opened for trading at $42.53 and hit $42.88 on the upside on Friday, eventually ending the session at $42.57, with a gain of 0.85% or 0.36 points. The heightened volatility saw the trading volume jump to 3,29,396 shares. Company has a market cap of $2,544 M.

On the company’s financial health, Beacon Roofing Supply reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.76. The company had revenue of $1152.70 million for the quarter, compared to analysts expectations of $1152.64 million. The company’s revenue was up 60.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.

Beacon Roofing Supply Inc. is engaged in distributing residential and non-residential roofing materials in the United States and Canada. The Company also distributes other complementary building materials including siding windows specialty lumber products and waterproofing systems for residential and nonresidential building exteriors. As of September 30 2013 the Company operated 236 branches in 39 states and six Canadian provinces carrying up to 11000 stock keeping units (SKUs). It is a distributor of roofing materials in metropolitan markets in the Northeast Mid-Atlantic Midwest Central Plains West South and Southwest regions of the United States and across Canada. The Company’s customer base consists of more than 47000 contractors home builders building owners and other resellers primarily in the Northeast Mid-Atlantic Midwest Central Plains West South and Southwest regions of the United States and across Canada.

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