Jan 23, 2016 at 12:19 o\clock

Brokerages Set Beacon Roofing Supply, Inc. (NASDAQ:BECN) Target Price at $43.25

Beacon Roofing Supply, Inc. (NASDAQ:BECN) has been assigned a consensus recommendation of Buy from the eleven research firms that are currently covering the stock, Analyst Ratings Network.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $43.25.

BECN has been the subject of a number of research reports. Zacks Investment Research cut shares of Beacon Roofing Supply from a hold rating to a sell rating in a report on Tuesday, October 6th. JPMorgan Chase & Co. upgraded shares of Beacon Roofing Supply from a neutral rating to an overweight rating in a report on Monday, October 26th.

William Blair restated a hold rating on shares of Beacon Roofing Supply in a report on Thursday, October 8th. RBC Capital raised their price target on shares of Beacon Roofing Supply from $44.00 to $45.00 and gave the stock a sector perform rating in a report on Wednesday, December 16th. Finally, Robert W. Baird restated a buy rating on shares of Beacon Roofing Supply in a report on Wednesday, November 25th.

Shares of Beacon Roofing Supply (NASDAQ:BECN) opened at 39.32 on Wednesday. The stock has a 50 day moving average of $40.13 and a 200-day moving average of $36.51. The company has a market capitalization of $2.32 billion and a PE ratio of 31.71. Beacon Roofing Supply has a one year low of $23.38 and a one year high of $44.01.

Beacon Roofing Supply (NASDAQ:BECN) last posted its quarterly earnings results on Tuesday, November 24th. The company reported $0.75 EPS for the quarter, topping analysts.

consensus estimates of $0.69 by $0.06. During the same quarter in the previous year, the business posted $0.48 earnings per share. The company earned $787.73 million during the quarter, compared to analyst estimates of $786.37 million. The companys revenue for the quarter was up 8.4% compared to the same quarter last year. On average, equities analysts forecast that Beacon Roofing Supply will post $1.86 earnings per share for the current fiscal year.

In related news, Director James J. Gaffney sold 11,250 shares of the businesss stock in a transaction dated Thursday, December 24th. The shares were sold at an average price of $42.00, for a total transaction of $472,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Simplex Trading purchased a new position in Beacon Roofing Supply during the fourth quarter valued at $0. Meeder Asset Management boosted its position in Beacon Roofing Supply by 30.6% in the fourth quarter. Meeder Asset Management now owns 6,307 shares of the companys stock valued at $260,000 after buying an additional 1,479 shares during the period. Quantitative Systematic Strategies purchased a new position in Beacon Roofing Supply during the fourth quarter valued at $303,000. Eagle Asset Management boosted its position in Beacon Roofing Supply by 103.6% in the third quarter. Eagle Asset Management now owns 95,978 shares of the companys stock valued at $3,118,000 after buying an additional 48,839 shares during the period. Finally, Jennison Associates boosted its position in Beacon Roofing Supply by 16.0% in the third quarter. Jennison Associates now owns 669,473 shares of the companys stock valued at $21,751,000 after buying an additional 92,497 shares during the period.

Beacon Roofing Supply, Inc. is engaged in distributing residential and non-residential roofing materials in the United States and Canada. The Company also distributes other complementary building materials, including siding, windows, specialty lumber products and waterproofing systems for residential and nonresidential building exteriors. As of September 30, 2013, the Company operated 236 branches in 39 states and six Canadian provinces, carrying up to 11,000 stock keeping units (NASDAQ:BECN). It is a distributor of roofing materials in metropolitan markets in the Northeast, Mid-Atlantic, Midwest, Central Plains, West, South and Southwest regions of the United States and across Canada. The Companys customer base consists of more than 47,000 contractors, home builders, building owners, and other resellers primarily in the Northeast, Mid-Atlantic, Midwest, Central Plains, West, South and Southwest regions of the United States and across Canada.

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Dec 4, 2015 at 04:15 o\clock

Metro-Detroit roofers in First Lady's private box at the State of the Union

How do two roofers (brothers Robert and Gary Allen) get invited to attend the State of the Union address seated in the private box of First Lady, Michelle Obama? The answer is a reinvention of their own business to include a new solar roofing kit product. Specifically, an easy to install solar roofing kit for residential use.

Luma Resources is a sister company to Allen Brothers, Inc., and was established to handle an award winning solar kit roof that was developed by Gary and Robert Allen. Luma proudly received a $500,000 Recovery Act grant to hire workers and produce their new solar roofing kits, allowing them to keep their idea pure and on track with their vision without seeking outside resources. Rather than going with full automation, the processes at Luma are labor intensive. But less so that the traditional solar installation would be.

https://twitter.com/keniasto66/status/667741241010974720 - more info -

The Allen brothers.

have tackled some of the biggest problems with solar panel roofing with their system.

CostIntegration with current roofing / aestheticsEase of installation

There should be some cost savings for the customer during an install as the labor requirements are so much lower. Due to the modular kit style of this product, most general contractors will be able to do this installation with minimal effort.

The integration of this product with current roofing materials is accomplished by using shingles removed to install the product - so they 100% match what you currently have on your roof.

https://twitter.com/CandaceAlbertkg/status/667782042780835840 - view more -

A perfect example of real world, hands-on knowledge combining to create a practical workable solution has resulted in a win-win-win for southeastern Michigan. Green jobs were created. A real and viable solution for people seeking a solar solution to meet their needs was invented. Recognition of this achievement will be given at a national level during a nationally televised event.

https://twitter.com/JessicaHoustoni/status/667782293415702528 - more here -

Nov 27, 2015 at 23:14 o\clock

Real estate gentleman, Irving Friedman, dies.

Irving Friedman, founder of Penmark Realty, one of the city'smost respected residential management firms, has died from complicationsarising from a viral infection. He was 94.

Friedman started in the rooming house business in 1937 and after World War II, he saved up enough money to buy a brownstone, located on 71st Street between 5th and Madison Avenue, which he converted into ten apartments and is still owned by the family.

From the 1960s to the 1990s, he bought and sold buildings from 5th Avenue to Lexington Avenue and began renovating townhouses and building high-rises at East 86th and 83rd and York Avenue.

His ultimate passion was clear to all those that knew him and her name was Clara Friedman, his wife of 64 years, who died five years earlier in April 2002. "They shared all business and personal decisions. They were a great team," said Robert Friedman, the youngest of Irving and Clara's two sons who, during his eulogy for his father, referred to him as a "gentle giant," because he was always willing to help others. "He never said no to anyone in need, but he helped with humility and an understanding of human nature that was incredibly insightful," said Robert.

Robert described the funeral as a celebration of Irving's life, where so many friends shared stories about him. "It was very warm and tender," said Robert, of the funeral held at the Park Avenue Synagogue, where Irving was president and trustee for many years. "I was so honored, because all the trustees came and paid their respects. It showed a lot of character on behalf of the trustees, in my opinion."

For the last 20 years of their lives, Irving and Clara enjoyed three-day trips every month to Atlantic City. The trips began when the Town Club, of which Irving was a long-time member, began making preparations for an all-male trip to Atlantic City, and Irving stood up and asked, 'Hey, why don't all the wives gog' A fellow member responded, "Irving, Clara can't go, now sit down."

"For my dad, going away for three days without my mother was impossible. For many years, she was the only wife who went," said Robert of his father's devotion to his mother.

Bernard Friedman, Irving's oldest son, worked with his father every day since 1960. "I just saw him come into the office only four weeks before he died. He was coming in to check the leases, and have lunch with the employees, just enjoying life. His door was always open and every contractor that came in wanted to say hello to him, because they all respected him," said Bernard.

Among those colleagues was Luke Katsos, president of Jekmar Associates, a construction management consulting firm who worked with Irving for almost 30 years. He said, "Irving was an extremely sharp individual not just in the technical aspects of the projects, but also in the construction and finance perspectives. He could talk about the big picture, but he could look at the details to make it become a reality."

For Katsos, what stood out the most was Irving's gentlemanly behavior. "He got more done by speaking softly than someone in the industry who yelled. I never once heard him curse," said Katsos.

Along with his sons, Robert and Bernard, Mr Friedman is survived by five grandchildren, and four great grandchildren.