Beacon Roofing Supply Inc (BECN) Files Form 4 Insider Selling : Robert R Buck Sells 17,556 Shares

Beacon Roofing Supply Inc (BECN): Robert R Buck , Chairman of Beacon Roofing Supply Inc sold 17,556 shares on Jun 23, 2016. The Insider selling transaction was reported by the company on Jun 27, 2016 to the Securities and Exchange Commission. The shares were sold at $45.37 per share for a total value of $796,515.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Feb 10, 2016, Wilson B Sexton (director) sold 7,385 shares at $37.29 per share price.On Dec 28, 2015, James J Gaffney (director) sold 11,250 shares at $42.03 per share price.Also, On Sep 18, 2015, Stuart A Randle (director) sold 16,000 shares at $36.37 per share price.

Shares of Beacon Roofing Supply (BECN) ended Friday, Jun 24, 2016 session in red amid volatile trading. The shares closed down -1.66 points or -3.64% at $43.91 with 29,82,376 shares getting traded. Post opening the session at $43.88, the shares hit an intraday low of $43.0001 and an intraday high of $44.93 and the price vacillated in this range throughout the day. The company has a market cap of $2,616 M and the number of outstanding shares has been calculated to be 5,95,78,734 shares. The 52-week high of Beacon Roofing Supply is $45.7167 and the 52-week low is $29.88.

Beacon Roofing Supply Money Flow Index Chart

Company has been under the radar of several Street Analysts.Beacon Roofing Supply is Upgraded by BB&T Capital Mkts to Buy and the brokerage firm has set the Price Target at $51. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on Jun 10, 2016.

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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