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Beacon Roofing Supply, Inc. (BECN) distributes residential and non-residential roofing materials, and other complementary building materials to contractors, home builders, building owners, and other resellers.
The companys residential roofing products include asphalt shingles, synthetic slates and tiles, clay and concrete tiles, slates, nail base insulations, metal roofing, felts, wood shingles and shakes, nails and fasteners, metal edgings and flashings, prefabricated flashings, ridges and soffit vents, gutters and downspouts, and other accessories.
Its non-residential roofing products comprise single-ply roofing; asphalt; metal; modified bitumen; build-up roofing; cements and coatings; flat stock and tapered insulations; commercial fasteners; metal edges and flashings; skylights, and smoke and roof hatches; sheet metal products, including copper, aluminum, and steel; and other accessories.
The company also provides complementary building products, such as vinyl, cedar, and fiber cement sidings; soffits; house wraps; vapor barriers; and stone veneer, as well as vinyl windows, aluminum windows, wood windows, wood doors, patio doors, and skylights. In addition, it offers specialty lumber products comprising redwood, red cedar decking, pressure treated lumber, fire treated plywood, synthetic decking, PVC trim boards, synthetic, millwork, and custom millwork.
Further, the company provides waterproofing systems, building insulations, air barrier systems, gypsum, moldings, patio covers, and cultured stone. As of September 30, 2015, it operated through a network of 274 branches in 42 states of the United States and 6 provinces in Canada.
Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. The company reported earnings a few days ago.
52-Weeks Trading Range: $29.88 - $45.72
Entry Price: $42.60
Stop Loss: $40.47
Target Price: $46.86
BECN closed at $44.81.
