Insider Sell: President, West Division Jason Taylor Sells Shares of Beacon Roofing Supply Inc (BECN)

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Jason Taylor, President, West Division of Beacon Roofing Supply Inc (BECN, Financial), sold 1,805 shares of the company on March 21, 2024, according to a recent SEC filing. Beacon Roofing Supply Inc is a publicly traded company that specializes in the distribution of residential and non-residential roofing materials, as well as complementary building products. The company operates across North America, providing a range of products to contractors, home builders, retailers, and building materials suppliers. Over the past year, the insider has sold a total of 7,569 shares of Beacon Roofing Supply Inc and has not made any purchases of the stock. The insider transaction history for Beacon Roofing Supply Inc shows a pattern of insider activity. In the past year, there have been 3 insider buys and 15 insider sells. 1772383103457849344.png On the day of the insider's recent sell, shares of Beacon Roofing Supply Inc were trading at $95, giving the company a market cap of $6.029 billion. According to the GF Value, with a price of $95 and a GuruFocus Value of $85.87, Beacon Roofing Supply Inc has a price-to-GF-Value ratio of 1.11, indicating that the stock is modestly overvalued. 1772383127625428992.png The GF Value is an intrinsic value estimate that takes into account historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.

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