On August 7, 2024, Prithvi Gandhi, Executive Vice President & Chief Financial Officer, purchased 5,000 shares of Beacon Roofing Supply Inc (BECN, Financial). This transaction was documented in a recent SEC Filing. Following this acquisition, the insider now owns a total of 5,000 shares of the company.
Beacon Roofing Supply Inc is a distributor of roofing materials and complementary building products. The company operates across North America, providing a range of products to both residential and commercial markets.
The shares were bought at a price of $82.29, valuing the transaction at approximately $411,450. This purchase has contributed to a total of 3 insider buys over the past year, compared to 17 insider sells in the same period.
The market cap of Beacon Roofing Supply Inc is currently $5.163 billion. The stock's valuation metrics, including the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, are significant in determining the stock's GF Value. The GF Value of $91.20 suggests that Beacon Roofing Supply Inc is Fairly Valued.
The insider's recent purchase aligns with the company's current GF Value, indicating a potential confidence in the stock's fair valuation and future performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
