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Quikrete Industry Dashboard

Hit the roof: Beacon Roofing Supply continues to move higher.
6/9/2023

The latest update of the Quikrete Industry Dashboard, HBSDealer’s weekly snapshot of major market metrics, shows the share price of Beacon Roofing Supply (BECN) continues to move higher in the month of June.

While many stocks saw gains from the previous month, Beacon Roofing topped the $70 threshold with a gain of more than 20% from the month of May reaching $72.82, an increase of nearly 15% from a year ago.

[Related article: Beacon reaches record Q1 sales.]

Also, Builders FirstSource is up 7% since this date last month and almost 87% from this date in 2022.

Sherwin-Williams is at $243, an increase of 5.6% since May, but down 8% year-over-year.

In the Consumer Watch segment, the average price per gallon of regular gas rose slightly to $3.56 compared to $3.54 last month, but down from $4.96 on this date in June last year, said the American Automobile Association.

In other Consumer Watch news, the unemployment rate for May was at 3.7%, and the consumer confidence indicator was at 102.3 for May, as reported by the U.S. Labor Department and the Conference Board.

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