Beacon Roofing Supply Inc (BECN) Files Form 4 Insider Selling : Ross D Cooper Sells 8,403 Shares

Beacon Roofing Supply Inc (BECN): Ross D Cooper , Executive Vice President, GC of Beacon Roofing Supply Inc sold 8,403 shares on Jul 7, 2016. The Insider selling transaction was reported by the company on Jul 11, 2016 to the Securities and Exchange Commission. The shares were sold at $47.50 per share for a total value of $399,142.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 27, 2016, Robert R Buck (Chairman) sold 17,556 shares at $45.37 per share price.On Feb 10, 2016, Wilson B Sexton (director) sold 7,385 shares at $37.29 per share price.Also, On Dec 28, 2015, James J Gaffney (director) sold 11,250 shares at $42.03 per share price.On Sep 18, 2015, Stuart A Randle (director) sold 16,000 shares at $36.37 per share price.

Beacon Roofing Supply: On Friday, Jul 8, 2016 heightened volatility was witnessed in Beacon Roofing Supply which led to swings in the share price. The shares opened for trading at $47.31 and hit $47.96 on the upside , eventually ending the session at $47.73, with a gain of 1.51% or 0.71 points. The heightened volatility saw the trading volume jump to 7,29,187 shares. The 52-week high of the share price is $47.96 and the company has a market cap of $2,844 M . The 52-week low of the share price is at $29.88.

Beacon Roofing Supply Money Flow Index Chart

Company has been under the radar of several Street Analysts.Beacon Roofing Supply is Initiated by Jefferies to Hold and the brokerage firm has set the Price Target at $46. The Rating was issued on Jul 6, 2016.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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Beacon Roofing Supply - Is it time to Sell?

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