Beacon Roofing Drops 12% in Six Months: How to Play the Stock?
Beacon Roofing Supply(BECN) ZACKS·2024-10-01 01:26
Beacon Roofing Supply, Inc.'s (BECN) shares have dropped 12.5% in the past six months against the Zacks Building Products - Retail industry's 6.3% growth, the broader Retail-Wholesale sector's 9.1% increase and the S&P 500's 9.6% rise. The company faces challenges from higher operating and acquisition-related expenses. Also, softer demand in certain markets due to weather disruptions contributed to the overall performance decline. Image Source: Zacks Investment Research The roofing materials industry, close ...