Beacon Roofing stock soars to all-time high of $124.1

Beacon Roofing Supply, Inc. (NASDAQ:BECN) has reached a new pinnacle as its stock price soared to an all-time high of $124.1, marking a significant milestone for the $7.67 billion market cap company. According to InvestingPro analysis, the stock’s RSI indicates overbought conditions, suggesting investors should monitor technical signals carefully. This peak reflects a robust 1-year change, with the stock value climbing an impressive 27.15%. The company’s solid fundamentals include a healthy current ratio of 1.97 and revenue growth of 7.05%. Trading at a P/E ratio of 21.43, InvestingPro analysis suggests the stock is slightly overvalued at current levels. The company’s strategic initiatives and strong demand in the roofing supply sector are likely contributors to this surge, with a remarkable six-month return of 31.52%. Discover more insights and 10+ additional ProTips with an InvestingPro subscription, including the comprehensive Pro Research Report available for BECN and 1,400+ other US stocks.

In other recent news, Beacon Roofing Supply Inc. reported a decrease in net sales and adjusted EBITDA for the first quarter of 2025. Preliminary data shows net sales ranging between $1.898 billion and $1.918 billion, slightly down from $1.912 billion in the same period last year. The company also expects a net loss of $41.3 million to $45.3 million, contrasting with a net income of $5.6 million in the first quarter of 2024. In a significant development, QXO Inc. has extended its tender offer for the acquisition of Beacon Roofing Supply, with the offer now open until April 28, 2025. This acquisition, valued at approximately $11 billion, has already cleared antitrust regulations in the U.S. and Canada. BMO Capital Markets downgraded Beacon Roofing’s stock rating from ’Outperform’ to ’Market Perform’, setting a new price target of $124.35, aligning with QXO’s acquisition offer. Similarly, RBC Capital Markets adjusted its rating to ’Sector Perform’, with a price target of $124.35, reflecting the acquisition terms. The transaction between Beacon Roofing Supply and QXO is anticipated to close by the end of April.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.