Fisher Asset Management Has Upped Beacon Roofing Supply (BECN) Holding by $679,677 as Share Value Rose; As Lockheed Martin Corp. (LMT) Valuation Rose, Fairfield Bush & Company Increased Stake

February 21, 2018 - By Kurt Siggers

Ken Fisher increased its stake in Beacon Roofing Supply Inc (BECN) by 0.8% based on its latest 2017Q3 regulatory filing with the SEC. Fisher Asset Management Llc bought 13,327 shares as the company’s stock rose 6.61% with the market. The hedge fund run by Ken Fisher held 1.69 million shares of the consumer services company at the end of 2017Q3, valued at $86.45 million, up from 1.67M at the end of the previous reported quarter. Fisher Asset Management Llc who had been investing in Beacon Roofing Supply Inc for a number of months, seems to be bullish on the $3.63B market cap company. The stock decreased 1.37% or $0.74 during the last trading session, reaching $53.41. About 324,331 shares traded. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has risen 17.34% since February 21, 2017 and is uptrending. It has outperformed by 0.64% the S&P500.

Fairfield Bush & Company increased its stake in Lockheed Martin Corp. (LMT) by 73.44% based on its latest 2017Q3 regulatory filing with the SEC. Fairfield Bush & Company bought 1,410 shares as the company’s stock rose 2.80% with the market. The institutional investor held 3,330 shares of the military and government and technical company at the end of 2017Q3, valued at $1.03 million, up from 1,920 at the end of the previous reported quarter. Fairfield Bush & Company who had been investing in Lockheed Martin Corp. for a number of months, seems to be bullish on the $102.51B market cap company. The stock increased 0.63% or $2.275 during the last trading session, reaching $360.965. About 444,178 shares traded. Lockheed Martin Corporation (NYSE:LMT) has risen 14.19% since February 21, 2017 and is uptrending. It has underperformed by 2.51% the S&P500.

Fairfield Bush & Company, which manages about $437.54M and $320.07M US Long portfolio, decreased its stake in Intel Corporation (NASDAQ:INTC) by 10,400 shares to 14,675 shares, valued at $559,000 in 2017Q3, according to the filing. It also reduced its holding in Wells Fargo & Co (NYSE:WFC) by 32,724 shares in the quarter, leaving it with 130,528 shares, and cut its stake in Super Micro Computer Inc. (NASDAQ:SMCI).

Among 23 analysts covering Lockheed Martin Corporation (NYSE:LMT), 13 have Buy rating, 0 Sell and 10 Hold. Therefore 57% are positive. Lockheed Martin Corporation had 81 analyst reports since July 21, 2015 according to SRatingsIntel. Wells Fargo downgraded the stock to “Market Perform” rating in Tuesday, January 16 report. On Wednesday, November 18 the stock rating was reinitiated by Credit Suisse with “Neutral”. The rating was initiated by Robert W. Baird with “Outperform” on Thursday, October 6. The stock of Lockheed Martin Corporation (NYSE:LMT) has “Hold” rating given on Monday, January 29 by Jefferies. Barclays Capital maintained the shares of LMT in report on Tuesday, February 16 with “Underweight” rating. The stock has “Hold” rating by Wells Fargo on Tuesday, January 30. The rating was maintained by Cowen & Co with “Hold” on Wednesday, April 26. The firm has “Buy” rating given on Thursday, October 22 by Argus Research. The rating was maintained by Jefferies on Monday, August 21 with “Hold”. The stock of Lockheed Martin Corporation (NYSE:LMT) earned “Buy” rating by Zacks on Thursday, September 3.

Since January 29, 2018, it had 0 insider buys, and 2 sales for $9.28 million activity. The insider HEWSON MARILLYN A sold $6.59M.

Investors sentiment increased to 1.24 in Q3 2017. Its up 0.17, from 1.07 in 2017Q2. It improved, as 43 investors sold LMT shares while 356 reduced holdings. 110 funds opened positions while 386 raised stakes. 221.38 million shares or 1.04% less from 223.70 million shares in 2017Q2 were reported. Nelson Roberts Invest Advisors Llc invested in 24 shares or 0% of the stock. Manning And Napier Advisors Lc holds 43,122 shares or 0.11% of its portfolio. Bbva Compass Bank owns 9,988 shares. Clifford Swan Investment Counsel holds 0.33% or 17,375 shares in its portfolio. Westfield Capital Mngmt Communication Limited Partnership reported 13,388 shares stake. West Virginia-based Wesbanco Bank Inc has invested 0.3% in Lockheed Martin Corporation (NYSE:LMT). Patten Inc reported 0.32% stake. Centurylink Investment Management holds 0.83% of its portfolio in Lockheed Martin Corporation (NYSE:LMT) for 8,220 shares. D L Carlson Inv Group Inc Incorporated Inc holds 2.05% or 21,328 shares. Premier Asset Mgmt Ltd Liability Corporation holds 699 shares or 0.05% of its portfolio. Martin Currie Ltd invested in 0.68% or 28,595 shares. 1,900 were accumulated by Caxton Associate L P. 747 were reported by Cambridge Tru. Catalyst Advsrs Ltd Liability Com owns 13,211 shares or 0.18% of their US portfolio. Natixis owns 24,462 shares.

Investors sentiment increased to 1.91 in 2017 Q3. Its up 0.92, from 0.99 in 2017Q2. It is positive, as 21 investors sold BECN shares while 48 reduced holdings. 50 funds opened positions while 82 raised stakes. 66.46 million shares or 12.06% more from 59.31 million shares in 2017Q2 were reported. Employees Retirement System Of Ohio invested 0.05% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN). 565,143 were reported by Copper Rock Cap Prtn Ltd Com. Daruma Management accumulated 1.04 million shares. Deutsche Comml Bank Ag holds 679,257 shares. Dimensional Fund LP holds 2.51 million shares or 0.06% of its portfolio. Nomura Asset Limited stated it has 0.01% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Art Advsr Ltd Limited Liability Company invested in 0.07% or 27,900 shares. Suntrust Banks Incorporated reported 8,581 shares. 148,021 were reported by Fiera Capital Corporation. 19,375 were accumulated by Personal Advisors. Diligent Ltd Liability Corp has invested 0.31% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Carroll has invested 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Rmb Cap Mngmt Lc stated it has 15,810 shares. 5.44M are held by Vanguard Group Inc. Commonwealth Equity Ser reported 6,513 shares stake.

Fisher Asset Management Llc, which manages about $71.30 billion US Long portfolio, decreased its stake in Paypal Hldgs Inc by 46,423 shares to 476,683 shares, valued at $30.52M in 2017Q3, according to the filing. It also reduced its holding in Netscout Sys Inc (NASDAQ:NTCT) by 25,418 shares in the quarter, leaving it with 3.08M shares, and cut its stake in Lazard Ltd Shs A (NYSE:LAZ).

Among 18 analysts covering Beacon Roofing Supply (NASDAQ:BECN), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Beacon Roofing Supply had 47 analyst reports since July 28, 2015 according to SRatingsIntel. Citigroup initiated Beacon Roofing Supply, Inc. (NASDAQ:BECN) on Monday, January 11 with “Neutral” rating. As per Friday, February 9, the company rating was maintained by RBC Capital Markets. Wedbush initiated the shares of BECN in report on Wednesday, September 7 with “Neutral” rating. Jefferies initiated the stock with “Hold” rating in Wednesday, July 6 report. The company was upgraded on Monday, October 26 by JP Morgan. SunTrust maintained Beacon Roofing Supply, Inc. (NASDAQ:BECN) on Monday, October 2 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, August 10. The stock has “Buy” rating by RBC Capital Markets on Friday, August 4. TheStreet upgraded the stock to “Hold” rating in Wednesday, August 12 report. As per Thursday, January 21, the company rating was upgraded by Longbow.

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