Beacon Roofing Supply 株価情報 (NASDAQ: BECN)

Beacon Roofing Supply (NASDAQ:BECN) 株価情報

Beacon Roofing Supply

Beacon Roofing Supply Inc. manufactures and sells roofing and building materials throughout the United States and Canada. Its key customers include contractors, home builders, lumberyards, retailers, wholesale distributors, and building materials suppliers. The company's product portfolio includes residential and non-residential roofing materials, siding, windows, and waterproofing systems. The majority of revenue is generated from residential and non-residential roofing products, and the vast majority of Beacon's revenue comes from the United States.

Beacon Roofing Supply, Inc. - Common Stock

Beacon Roofing Supply Inc

QXO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>) announced today that it is extending its all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BECN#NASDAQ">BECN</a>) for $124.25 per share.
The tender offer, which was scheduled to expire at 5:00 p.m. (New York City time) on March 10, 2025, will remain open until 5:00 p.m. (New York City time) on March 14, 2025.
Computershare Trust Company, N.A., the depositary and paying agent for the tender offer, has reported that, as of&nbsp;5:00 p.m. (New York City time) on March 10, 2025, approximately 11,115,328 shares have been validly tendered and not withdrawn, representing approximately 18.05% of the issued and outstanding shares. Shareholders who have already tendered their Shares do not need to take further action in response to this extension. For assistance with tendering shares, shareholders may contact Innisfree M&amp;A Incorporated, the information agent for the tender offer, at +1 (888) 750-5834.
The full terms, conditions and other details of the tender offer are available in the offering documents filed with the Securities and Exchange Commission.

News

BECN

QXO's $124.25 Per Share Cash Bid for Beacon Roofing Still Open, Nearly 18% of Shares Tendered, Bumps Deadline to March 14

Beacon Roofing Supply, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BECN#NASDAQ">BECN</a>) stock is trading higher on Monday. The company announced QXO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>) may potentially acquire it for&nbsp;$124.35&nbsp;per share in cash or a total <a target="_blank" href="https://www.benzinga.com//node/44214557" rel="noreferrer noopener">consideration of approximately&nbsp;$11 billion.</a>
QXO is conducting customary due diligence regarding Beacon&#8217;s business and negotiating a definitive agreement with Beacon.
In January, QXO revealed its intention to make an all-cash tender offer for&nbsp;Beacon Roofing Supply,&nbsp;with a total value<a target="_blank" href="https://www.benzinga.com/25/01/43230995/tech-service-provider-qxo-launches-11b-cash-bid-for-beacon-roofing" rel="noreferrer noopener"> estimated at around $11 billion</a>.
Notably, Beacon has postponed its Investor Day, which was originally set for March 13, 2025.
In a separate release, Beacon disclosed a strategic investment and partnership with Renovate Robotics <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44216595/beacon-announces-partnership-with-renovate-robotics" rel="noreferrer noopener">for an undisclosed amount</a>.
Renovate Robotics is developing autonomous roofing robots to enhance safety and productivity for contractors.
Their first robot, Rufus, installs asphalt shingles on residential roofs and will launch with contractors in New Jersey and Pennsylvania later this year.
Julian Francis, Beacon&#8217;s President and CEO, said, &#8220;Renovate Robotics&#8217; mission perfectly aligns with Beacon&#8217;s focus on safety and efficiency, and we look forward to incorporating their advanced robotic technology across our network to better serve our contractor customers.&#8221;
Investors can gain exposure to the BECN via First Trust Dorsey Wright Momentum &amp; Value ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DVLU#NASDAQ">DVLU</a>) and JPMorgan Fundamental Data Science Small Core ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCDS#NASDAQ">SCDS</a>).
Price Action: BECN shares are up 7.7% at $119.66 at the last check Monday.
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</ul>
Image via Shutterstock.

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Why Is Beacon Roofing Supply Stock Surging Today?

WIIM

Beacon Roofing Supply shares are trading higher after the company announced QXO may potentially acquire it for approximately $11 billion. Additionally, Beacon announced a strategic investment in Renovate Robotics for roofing automation.

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.becn.com%2F&amp;esheet=54221248&amp;newsitemid=20250310934468&amp;lan=en-US&amp;anchor=Beacon&amp;index=1&amp;md5=5a8b2212562735e5fa58f90845210a9a">Beacon</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BECN#NASDAQ">BECN</a>), the leading publicly-traded specialty wholesale distributor of roofing, waterproofing and related exterior products, announced today a strategic investment and partnership with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.renovaterobotics.com%2F&amp;esheet=54221248&amp;newsitemid=20250310934468&amp;lan=en-US&amp;anchor=Renovate+Robotics&amp;index=2&amp;md5=73c6a2b93490e4dee8cf628482d88b4b">Renovate Robotics</a> - a pioneer in roofing automation.
Renovate Robotics, based in Brooklyn, New York, is the leading startup developing autonomous roofing robots with a focus on making roofing safer and more productive for contractors. Their first robot, Rufus, installs asphalt shingles on residential roofs and is expected to launch with contractors in New Jersey and Pennsylvania later this year.

Beacon Announced Strategic Investment In Renovate Robotics For Roofing Automation; Terms Not Disclosed

QXO And Beacon Roofing Supply Confirm Discussions About Potential Combination, In Which QXO Would Acquire Beacon For $124.35 Per Share In Cash, Or ~$11B

Beacon Acquires DM Figley, Terms Not Disclosed

BMO Capital analyst Ketan Mamtora maintains Beacon Roofing Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BECN#NASDAQ">BECN</a>) with a Outperform and lowers the price target from $136 to $130.

Price Target

Analyst Ratings

BMO Capital Maintains Outperform on Beacon Roofing Supply, Lowers Price Target to $130

Beacon's Board of Directors Continues to Reiterate Unanimous Recommendation That Beacon Shareholders NOT Tender Their Shares Into QXO's Offer
Beacon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BECN#NASDAQ">BECN</a>) (the "Company") today issued the following statement regarding QXO, Inc.'s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QXO#NYSE">QXO</a>) second extension of its unsolicited tender offer to acquire all outstanding shares of Beacon common stock for $124.25 per share in cash (the "Offer"):
For a second time, QXO has extended an Offer that represents an opportunistic attempt to take advantage of the current macro environment and acquire Beacon at a discount to its intrinsic value for the benefit of QXO but the detriment of Beacon's shareholders.
Beacon has repeatedly offered to engage with QXO to demonstrate the additional value for which QXO's initial offer does not fairly compensate our shareholders.
<ul>
<li>We have offered to do this on the standard terms regularly agreed to in such cases.</li>
<li>When QXO objected to those terms, we offered to engage on radically buyer-friendly terms, which included preserving QXO's ability to run a proxy contest at our 2025 Annual Meeting if confidential discussions could not close the valuation gap.</li>
<li>QXO repeatedly stated it was not interested in receiving any confidential information about the Company and its business.</li>
</ul>

Management

Beacon Issues Statement In Response To QXO's Second Extension Of Unsolicited Tender Offer; Beacon's Board Of Directors Continues To Reiterate Unanimous Recommendation That Beacon Shareholders Not Tender Their Shares Into QXO's Offer

6 analysts have expressed a variety of opinions on Beacon Roofing Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BECN#NASDAQ">BECN</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Beacon Roofing Supply and provided 12-month price targets. The average target is $128.09, accompanied by a high estimate of $140.00 and a low estimate of $115.00. Witnessing a positive shift, the current average has risen by 1.5% from the previous average price target of $126.20.
<img src="https://www.benzinga.com/files/images/story/2025/1741035698_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Beacon Roofing Supply. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Reuben Garner</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$140.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>David Manthey</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$124.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>W. Andrew Carter</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$122.55</td>
<td>$131.00</td>
</tr>
<tr>
<td>W. Andrew Carter</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$131.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Ketan Mamtora</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$136.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>W. Andrew Carter</td>
<td>Stifel</td>
<td>Announces</td>
<td>Buy</td>
<td>$115.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Beacon Roofing Supply. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Beacon Roofing Supply compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Beacon Roofing Supply's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Beacon Roofing Supply's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/BECN/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Beacon Roofing Supply analyst ratings.</a>
<h2>About Beacon Roofing Supply</h2>
Beacon Roofing Supply Inc manufactures and sells roofing and building materials throughout the United States and Canada. Beacon's key customers consist of contractors, home builders, lumberyards, retailers, wholesale distributors, and building materials suppliers. The company's product portfolio includes both residential and non-residential roofing materials, siding, windows, and waterproofing systems. The majority of revenue is generated from residential and non-residential roofing products. The vast majority of Beacon's revenue comes from the United States.
<h3>Beacon Roofing Supply: Delving into Financials</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Beacon Roofing Supply displayed positive results in 3 months. As of 31 December, 2024, the company achieved a solid revenue growth rate of approximately 4.53%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 3.48%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Beacon Roofing Supply's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of 4.3%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.16%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.74.
<h2>Analyst Ratings: Simplified</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Beacon Roofing Supply: 6 Analysts Share Their Views

Benchmark analyst Reuben Garner reiterates Beacon Roofing Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BECN#NASDAQ">BECN</a>) with a Buy and maintains $140 price target.

Reiteration

Benchmark Reiterates Buy on Beacon Roofing Supply, Maintains $140 Price Target

Baird analyst David Manthey maintains Beacon Roofing Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BECN#NASDAQ">BECN</a>) with a Outperform and raises the price target from $120 to $124.

Baird Maintains Outperform on Beacon Roofing Supply, Raises Price Target to $124

Beacon Roofing Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BECN#NASDAQ">BECN</a>) reported quarterly earnings of $1.65 per share which beat the analyst consensus estimate of $1.63 by 1.23 percent. This is a 4.07 percent decrease over earnings of $1.72 per share from the same period last year. The company reported quarterly sales of $2.40 billion which missed the analyst consensus estimate of $2.43 billion by 1.23 percent. This is a 4.52 percent increase over sales of $2.30 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Beacon Roofing Supply Q4 2024 Adj EPS $1.65 Beats $1.63 Estimate, Sales $2.40B Miss $2.43B Estimate

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Earnings Scheduled For February 27, 2025

QXO Extends Tender Offer To Acquire Beacon Roofing Supply For $124.25 Per Share

Beacon Roofing Supply's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BECN#NYSE">BECN</a>) short percent of float has fallen 23.92% since its last report. The company recently reported that it has 1.27 million shares sold short, which is 2.64% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.03 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Beacon Roofing Supply Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1739802611_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Beacon Roofing Supply has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Beacon Roofing Supply's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Beacon Roofing Supply's peer group average for short interest as a percentage of float is 5.41%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

How Is The Market Feeling About Beacon Roofing Supply?

Beacon Reveals Receipt Of Notice From QXO About Nominations Of Ten Individuals To Stand For Election To Board, Says Nominations Represent Apparent Attempt to Pressure Board To Accept Offer

The company confirmed that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired and that it has received early termination of the waiting period from the Canadian Competition Bureau.

QXO Obtains Antitrust Clearance In Both US And Canada For Its Acquisition Of Beacon Roofing Supply

QXO Releases Letter To Beacon Roofing Supply Shareholders; Says Beacon Roofing's Board Stalls And Misleads

Stifel analyst W. Andrew Carter downgrades Beacon Roofing Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BECN#NASDAQ">BECN</a>) from Buy to Hold and lowers the price target from $131 to $122.55.

Downgrades

Stifel Downgrades Beacon Roofing Supply to Hold, Lowers Price Target to $122.55

Offerings

Beacon Board Rejects QXO's Unsolicited Tender Offer To Acquire All Outstanding Shares For $124.25/Share

Press Releases

QXO Proposes Full Slate of Independent Directors for Election at Beacon Roofing Supply's 2025 Annual Meeting

Beacon Issues Statement in Response to QXO's Director Nominations

QXO Extends Tender Offer to Acquire Beacon Roofing Supply

Beacon Issues Statement in Response to QXO's Extension of Unsolicited Tender Offer

Beacon Announces Continued Footprint Expansion

Beacon Reports Record Fourth Quarter and Full Year Net Sales, Strong Net Income and Highest Adjusted EBITDA in History

Beacon Issues Statement in Response to QXO's Second Extension of Unsolicited Tender Offer

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