New insider activity at Beacon Roofing Supply ( (BECN) ) has taken place on April 9, 2025.
Several executives at Beacon Roofing Supply have recently sold significant amounts of company stock. Martin S. Harrell, President of Waterproofing, sold 2,867 shares valued at $353,357. Sean M. McDevitt, EVP & CHRO, sold 5,882 shares for $723,486. Jason L Taylor, President of the West Division, sold 31,124 shares, amounting to $3,839,767. Additionally, Christine Stroh Reddy, EVP & GC, sold 6,196 shares worth $764,958.
Recent Updates on BECN stock
In the last 24 hours, Beacon Roofing Supply has seen significant developments due to its pending acquisition by QXO. Analysts have adjusted their ratings and price targets for Beacon, primarily influenced by the definitive agreement for QXO to acquire Beacon at $124.35 per share in cash. RBC Capital downgraded Beacon due to the lack of alternative bids and a shifting macroeconomic backdrop, while Stifel raised its price target reflecting the acquisition agreement. Raymond James and Loop Capital also downgraded Beacon, citing the acquisition as a favorable outcome given the current soft demand in Beacon’s markets and the premium valuation compared to historical trading ranges. The acquisition, which has received antitrust clearance in the U.S. and Canada, is expected to close by the end of April, contingent on the majority of Beacon shares being tendered.
Spark’s Take on BECN Stock
According to Spark, TipRanks’ AI Analyst, BECN is a Outperform.
Beacon Roofing Supply’s overall score reflects strong revenue growth and effective operational strategies. The company is facing challenges with margin pressures and increased leverage. Technical indicators suggest cautious optimism, while valuation remains reasonable. Positive earnings call guidance bolsters confidence, despite some demand and cost management challenges.
To see Spark’s full report on BECN stock, click here.
More about Beacon Roofing Supply
YTD Price Performance: 21.52%
Average Trading Volume: 2,244,628
Technical Sentiment Signal: Strong Sell
Current Market Cap: $7.56B