The shares of Beacon Roofing Supply, Inc. (NASDAQ:BECN) are trading at $29.41 after going down by $-1.73. This increase in stock price represents a 10.98% rise from its 52-week low price of $26.5 which was attained back on August 07, earlier this year. But the price still lags -36.01% behind the highest price mark of $40 attained on 2019-05-08. BECN has been performing well over the past few days, with its price climbing by 1.03% during that time frame. The same can be said for its performance over the past 90 days as it rised by roughly 2.51% while its overall lost so far this year stands at -15.92%. Looking further than that, its shares have gone down by just -8.04% this year to date. Over the next one year, Beacon Roofing Supply, Inc. shares are expected to reach $33.38, which means that it is expected to rise by 13.5% from its current position.
Out of 17 Wall Street analysts, 4 (23.53%) of them have rated BECN as a Buy. The remaining 12 brokerage firms which represent 70.59% that recommend investors to Hold while it was rated as a Sell by 1 analyst. Beacon Roofing Supply, Inc. shares held by institutional investors have dropped by 0% over the past three months. During that same time, 36 institutions invested in the stock, while 89 added the shares to their existing portfolios. 98 institutional investors reduced their shares in the compnay with only 34 selling their total positions.
The trading volume of BECN, when compared with its 50-day average volume of 504,450, has fell down by -0.44% after lesser 502,208 shares were sold. The price of the stock is -11.42% below its 20-day SMA, which means that it is currently in a bearish trend. In addition to that, it is also -12.14% below its 50-day SMA, and -11.7% below its 200-day SMA. At the moment, Beacon Roofing Supply, Inc.s ROE stands around -3.1% and market experts are of the view that the companys earnings per share growth will stand at roughly 15% annually till 2023. If that happens, then it would be off by just -19.9% when compared to the previous five years.
The stock is expected to encounter its first resistance point at $30.41, which is just 3.29% above its current position while the next resistance stands at $31.41, 6.37% from its current price. If BECN fails to break the immediate resistance, then it is in danger of seeing its price drop to $27.91. The stocks 14-day MACD is -1.94, which means that it is currently in a downward trading trend. Its two weeks RSI meanwhile stands at 37.1, indicating that the stock has been neutral while its 20-day historical volatility reads 51.34%, which is higher than its 50-day equivalent (42.05%).
Northrop Grumman Corporation has seen its stock (NYSE:NOC) plumet by -5.53% over the past few days and is now trading around at $327.78 on the Wall Street in the intra-day deal. During that period, roughly 1.2 Million NOC shares were traded on NYSE. The 90-days average daily trading volume of the stock has been around 1. Million but 174.2 Thousand extra shares were traded on that day. NOC has gone up by 24.49% from its 52-week low of $263.29 (recorded on March 27, 2019) and is now trading at $327.78 per share. The last time NOC recorded a 52-week high was back in January 30, 2020, with a single stock trading at $385.01 back then.
Over the past one month, the stock hasnt performed well as it dropped by -9.41% during that period. This led to its price decrease to stand at -4.71% since the start of the year. The situation still not remains the same when its performance over the past few days was reviewed as it lost -1.14% of its value in the past week. This recent development has seen its 12-month potential target price placed at $422.94, which means that it is expected to increase by 29.03% from its current price. Of the 19 Wall Street analysts that rated the stock, 73.68% (14 analysts) have rated NOC as a Buy while the remaining 21.05% (4 analysts) rated it as a Hold, with 5.26% (1 analysts) rated the stock as a Sell.
The company has been making use of ROE that stands around 24.6%, with market experts of the view that their EPS over the next five years will likely rise by 10.51% annually. This will be a raise from the 6.3% growth achieved over the past five years. At the moment, NOC is on a bearish trend, down -7.72% from its SMA20, -9.81% below its SMA50, and -6.35% below its SMA200. NOC shares held by institutional investors have jumped by 84.1% over the past three months. A total of 178 institutional investors entered new positions while 608 added to their existing portfolio. 427 hedge funds lowered their positions in the stock with only 76 selling their shares entirely.
NOCs 9-day MACD currently stands at -2.42, which means that the price is on a downward trend. The stocks 9-day RSI score reads 34.8, signaling that the stock is neutral. Its 20-day historical volatility currently stands at 42.19% and is on the upside when compared with its 50-day historical volatility which is 30.66%. A look at NOCs daily chart reveals that its first resistance point stands at $337.92, a 3% rise from its current position, while the second resistance point is 5.83% ($348.06) ahead of its current position. If the share fails to break the immediate resistances, it could drop down to $315.72.
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- Lone Wolf Roofing is Setting New Standards in Excellence and Durability in the Roofing Industry - openPR.com - April 16th, 2025 [April 16th, 2025]
- 37 workers taken into custody following ICE raid at Mt Baker Roofing - thefrontonline.com - April 16th, 2025 [April 16th, 2025]
- Major Roofing Deal Update: QXO Secures 38% of Beacon Shares, Extends $124.35/Share Offer - Stock Titan - April 16th, 2025 [April 16th, 2025]
- Local non-profit reaches out to the community to identify alleged thief - KKCO 11 News - April 16th, 2025 [April 16th, 2025]
- ABC Analysis: Tariffs Drive Surge in March Construction Prices - Roofing Contractor - April 16th, 2025 [April 16th, 2025]
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- Beacon Roofing Supply (NASDAQ:BECN) Earns Sell Rating from Analysts at StockNews.com - MarketBeat - April 16th, 2025 [April 16th, 2025]
- Industrial Distributors Stocks Q4 Teardown: Beacon Roofing Supply (NASDAQ:BECN) Vs The Rest - Yahoo Finance - April 16th, 2025 [April 16th, 2025]
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- QXO to Acquire Beacon Roofing Supply for $11 Billion - Business Wire - March 26th, 2025 [March 26th, 2025]
- Beacon Roofing agrees to $11 billion QXO buyout, ending takeover battle - Reuters - March 26th, 2025 [March 26th, 2025]
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- Beacon Roofing Supply (NASDAQ:BECN) Cut to Hold at Baird R W - MarketBeat - March 26th, 2025 [March 26th, 2025]
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