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NASDAQ:BECN

51.33
0.83 (1.59%) 1d
0
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HOLD

He has been frustrated with it. While many housing related stocks are suffering given interest rates rising, he thinks that we are still in the very low interest rate environment. He thinks that people worry about changing level of rates, but that would throw off the housing market. His average client is exposed 0.25% to this name.

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HOLD

It's fallen this year. It should do well on the back of robust demand for U.S. housing, and roofs don't last forever and need replacing. He continues to own it. BECN had a rough first quarter due to poor Q1 weather. They're the second-largest roofer in the U.S. Hang with it.

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BUY

All the home builders have struggled in reaction to higher interest rates. But these rates are starting from a very low place and won't go very high. 2008 remains fresh in the minds of the Fed, so they are sensitive to the impact of rising rates. New home creation is still below trend in the U.S., so there's a lot of runway here.

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COMMENT

He likes this company. They are 2nd in terms of the roofing business, to a private company. 60% of homes in the US were built before 1980, and it is just a matter of time before they have to spend to redo their roofs. A little lumpy in terms of its results. A lot of that has to do with weather. He believes there is more growth to come.

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BUY on WEAKNESS

2nd largest roofer in the US. A play on new homes, but also a play on the replacement market. 60% of US homes were built prior to 1990. This has had volatility over the years. Wait for an entry that is a little more attractive.

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BUY

Tends to be volatile, but over time has done quite well. The 2nd largest roofer in the US. There is new construction in the US, which has been somewhat sluggish, but there is also the replacement market. 60% of homes in the US were built before 1980, so they all need new roofs. This is a high beta stock. Still likes the company and the story.

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BUY

It is a play on the US housing market: new homes and home repair. You can’t avoid a new roof. They are the second largest roofing company in the US. The metrics are very positive.

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PAST TOP PICK

(A Top Pick Nov 24/14. Up 48.59%) Housing starts are starting to get some traction. This is the 2nd largest US roofer. Also, replacement of existing roofs is a big deal. 60% of US homes were built before 1980, so they are now 35 years old and need roofs.

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TOP PICK

2nd largest roofing company in North America. Analysis shows that roofing growth is going to be about 6% per year, over the next number of years. 60% of US homes were built prior to 1980, and if your roof needs replacing, you can only put it off for so long. Trading at a reasonable multiple.

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TOP PICK
Although roofing might seem counter intuitive to have roofing when housing starts are low, but there is also re-roofing where roofs have to be replaced. Thinks the stock can grow 15%-20% off current levels.
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Beacon Roofing Supply(BECN-Q) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for Beacon Roofing Supply is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Beacon Roofing Supply(BECN-Q) Frequently Asked Questions

What is Beacon Roofing Supply stock symbol?

Beacon Roofing Supply is a American stock, trading under the symbol BECN-Q on the NASDAQ (BECN). It is usually referred to as NASDAQ:BECN or BECN-Q

Is Beacon Roofing Supply a buy or a sell?

In the last year, there was no coverage of Beacon Roofing Supply published on Stockchase.

Is Beacon Roofing Supply a good investment or a top pick?

Beacon Roofing Supply was recommended as a Top Pick by on . Read the latest stock experts ratings for Beacon Roofing Supply.

Why is Beacon Roofing Supply stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Beacon Roofing Supply worth watching?

In the last year 0 stock analysts on Stockchase covered Beacon Roofing Supply. The stock is worth watching.

What is Beacon Roofing Supply stock price?

On 2021-10-22, Beacon Roofing Supply (BECN-Q) stock closed at a price of $51.33.