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BECN

Beacon Roofing

$39.77

-0.19 (-0.48%)

14:21
07/16/18
07/16
14:21
07/16/18
14:21

Beacon Roofing acquires Atlas Supply

Beacon Roofing Supply announced that it has acquired Atlas Supply, the Pacific Northwest's leading distributor of sealants, coatings, adhesives and related waterproofing products. Founded in Seattle in 1917, Atlas has grown to six locations, with stores in Seattle, Tacoma, Spokane, and Mountlake Terrace in Washington, as well as locations in Portland, Oregon and Boise, Idaho.

BECN Beacon Roofing
$39.77

-0.19 (-0.48%)

07/12/18
WBLR
07/12/18
NO CHANGE
WBLR
Outperform
William Blair cautious into Beacon earnings after roofing survey
William Blair analyst Ryan Merkel says his firm's latest roofing survey was softer than expected for volumes and price/cost. The analyst lowered his 2018 earnings per share estimate for Beacon Roofing Supply to $3.05 and 2019 estimate to $4.21 and sees the company's fiscal Q3 earnings at $1.19, below the consensus at $1.33, due to lower sales and gross margin. While expectations are low, low-single-digit organic sales growth and negative price/cost of 40-60 basis points could cause shares to trade lower, Merkel tells investors in a pre-earnings research note. Ultimately, he believes a "softer 2018 is payback for a stellar roofing market in 2017." The analyst, however, does not think the core re-roofing market cycle is slowing and believes negative price/cost is temporary. While cautious into the Q3 earnings print, Merkel still sees upside in the stock to $47 using 10.5 times his 2019 adjusted EBITDA estimate. He keeps an Outperform rating on Beacon Roofing.
07/10/18
JEFF
07/10/18
NO CHANGE
JEFF
Buy
Roofing margin concerns overblown, says Jefferies
Jefferies analyst Philip Ng attributes the recent pullback in shares of Owens Corning (OC) and Beacon Roofing (BECN) to concerns over roofing margins with inflation rising. However, the analyst's roofing distributor survey indicates these concerns are overblown. Small and medium-sized distributors throughout the country have been able to realize 15% price increase cumulatively from March, May, and June, Ng tells investors in a research note. The analyst sees strong pricing momentum in roofing and insulation, but notes that roofing demand has been mixed. He keeps Buy ratings on Owens Corning, Beacon Roofing and TopBuild (BLD).
07/03/18
BARD
07/03/18
DOWNGRADE
BARD
Baird downgrades industrial and building distributors as cyclical risks rise
As previously reported, Baird analyst David Manthey downgraded several industrial supply distributors and building products distributors based on elevated later-cycle risks. The analyst thinks the cycle and individual company results could remain solid for quarters or years to come, but he believes the cycle is in its later stages, thereby elevating risks to gross margins, rising labor costs, and earnings deceleration in 2019. Manthey downgraded Watsco (WSO), SiteOne Landscape (SITE), Pool (POOL), Fastenal (FAST), BMC Stock Holdings (BMCH), Grainger (GWW) and GMS (GMS), all to Neutral from Outperform. He lowered his price target on Grainger to $318 from $327 and also lowered his price target on Beacon Roofing (BECN) to $59 from $68. However, Manthey said Beacon, on which he kept an Outperform rating, remains a Fresh Pick and his top tactical idea.
06/28/18
06/28/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. AeroVironment (AVAV) downgraded to Hold from Buy at Stifel with analyst Joseph DeNardi citing valuation, but he continues to maintain a positive bias on the stock. 2. Beacon Roofing (BECN) downgraded to Sector Perform from Outperform at RBC Capital with analyst Michael Eisen saying he sees a threat to consensus estimates based on the higher oil price and freight costs amid declining industry demand. 3. Green Plains (GPRE) downgraded to Equal Weight from Overweight at Stephens with analyst Farha Aslam stating that its restructuring plan is a long-term positive, but in the near-term the company may be "forced to cut muscle." 4. Mattel (MAT) downgraded to Underperform from Neutral at DA Davidson with analyst Linda Bolton Weiser noting that the stock price has risen 29% from its April low even though the company's fundamentals have not improved. 5. Aquinox (AQXP) downgraded to Hold from Buy at Needham with analyst Alan Carr noting that the company's Phase 3 trial of rosiptor in Interstitial Cyrstitis failed to demonstrate efficacy, with no evidence of activity at any point or within any subset of patient subset. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here

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WMT

Walmart

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VLKAY

Volkswagen

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Walmart

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MSFT

Microsoft

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BBOX

Black Box

$1.64

0.09 (5.81%)

12:57
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Black Box announces sale agreement of Federal Government IT Services Business »

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KSS

Kohl's

$76.43

1.68 (2.25%)

12:52
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Kohl's looking to break cycle, Barron's says »

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STT

State Street

$84.95

0.73 (0.87%)

12:47
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State Street selloff looks overdone, Barron's says »

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WMT

Walmart

$97.89

-0.74 (-0.75%)

, AMZN

Amazon.com

$1,881.94

-5.56 (-0.29%)

12:42
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12:42
Periodicals
May be time to sell Walmart, Barron's says »

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Walmart

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AMZN

Amazon.com

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VZ

Verizon

$54.79

0.51 (0.94%)

12:39
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Verizon remains 'reasonably' priced, Barron's says »

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CF

CF Industries

$47.52

0.25 (0.53%)

, MOS

Mosaic

$29.64

(0.00%)

12:36
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CF, Mosaic gains have just begun, Barron's says »

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CF Industries

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Mosaic

$29.64

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NTR

Nutrien

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0.94 (1.71%)

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ABBV

AbbVie

$98.79

0.6 (0.61%)

, LYB

LyondellBasell

$113.07

1.155 (1.03%)

12:25
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StAbbVie, Starbucks among dividend standouts, Barron's says »

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AbbVie

$98.79

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LyondellBasell

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1.155 (1.03%)

AVGO

Broadcom

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0.6 (0.29%)

RF

Regions Financial

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SBUX

Starbucks

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BV

BrightView

$17.49

-0.06 (-0.34%)

12:21
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Sunny outlook for BrightView, Barron's says »

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HOG

Harley-Davidson

$42.26

1.15 (2.80%)

, CSIQ

Canadian Solar

$13.12

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CSIQ

Canadian Solar

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FSLR

First Solar

$50.98

0.18 (0.35%)

JASO

JA Solar

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SUNEQ

SunEdison

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SPWR

SunPower

$6.65

0.06 (0.91%)

TSL

Trina Solar

$0.00

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YGE

Yingli Green Energy

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PEP

PepsiCo

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0.7 (0.61%)

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LYV

Live Nation

$48.15

-0.53 (-1.09%)

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Live Nation CFO discloses sale of 40K shares of common stock »

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XLE

Energy Select Sector SPDR

$72.63

0.21 (0.29%)

, XLU

Utilities SPDR

$54.50

0.25 (0.46%)

17:40
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17:40
General news
Week ending ETF Scorecard: Consumer Staples outperforms, Energy skids »

S&P500 SECTORS:…

XLE

Energy Select Sector SPDR

$72.63

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XLU

Utilities SPDR

$54.50

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IYR

DJ US Real Estate Index Fund

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XLP

Consumer Staples Sector SPDR

$55.02

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XLY

Consumer Discretionary Sector SPDR

$112.51

0.11 (0.10%)

XLB

S&P Select Materials SPDR

$58.41

0.41 (0.71%)

XLF

Financial Select Sector

$28.16

0.055 (0.20%)

XLV

Health Care Select Sector SPDR

$91.12

0.33 (0.36%)

XLK

Technology Select Sector SPDR

$73.17

0.14 (0.19%)

XLI

Industrial Select Sector SPDR

$76.26

0.47 (0.62%)

GLD

SPDR Gold Trust

$112.12

1.01 (0.91%)

SLV

iShares Silver Trust

$13.93

0.16 (1.16%)

USO

United States Oil Fund

$13.70

0.065 (0.48%)

UNG

United States Natural Gas Fund

$24.18

0.295 (1.24%)

HYG

iShares iBoxx $ High Yield Corporate Bond

$86.03

0.08 (0.09%)

LQD

iShares iBoxx $ Investment Grade Corporate Bond

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TLT

iShares 20+ Year Treasury Bond Fund

$120.99

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iShares 7-10 Year Treasury Bond ETF

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SHY

iShares 1-3 Year Treasury Bond

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IWD

iShares Russell 1000 Value

$126.16

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IWF

iShares Russell 1000 Growth

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GLD

SPDR Gold Trust

$112.12

1.01 (0.91%)

17:33
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GDOT

Green Dot

$85.04

0.37 (0.44%)

17:30
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Green Dot exec Dent sells 7,754 common shares »

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SMSI

Smith Micro

$2.49

-0.01 (-0.40%)

17:17
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Breaking Syndicate news story on Smith Micro »

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NDRA

ENDRA Life Sciences

$2.70

0.2 (8.00%)

17:14
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Breaking Syndicate news story on ENDRA Life Sciences »

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BA

Boeing

$346.44

0.55 (0.16%)

17:10
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Boeing awarded $152.5M U.S. Navy contract »

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BA

Boeing

$346.44

0.55 (0.16%)

17:09
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Boeing awarded $217M Defense Department contract »

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LLL

L3 Technologies

$210.37

0.56 (0.27%)

17:08
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L3 Technologies awarded $240M Defense Department contract »

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HSGX

Histogenics

$2.65

-0.05 (-1.85%)

17:06
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Breaking Syndicate news story on Histogenics »

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PLD

Prologis

$67.45

1.79 (2.73%)

, DCT

DCT Industrial

$68.77

1.805 (2.70%)

16:58
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08/17
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Conference/Events
DCT Industrial to host special shareholder meeting »

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PLD

Prologis

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1.79 (2.73%)

DCT

DCT Industrial

$68.77

1.805 (2.70%)

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