Keep our stock updates top of mind

Article Excerpt

BEACON ROOFING SUPPLY INC. $122 is a hold. The company (Nasdaq symbol BECN; Manufacturing sector; Shares outstanding: 61.6 million; Market cap: $7.5 billion; No dividend paid; Takeover Target Rating: Highest; www.becn.com) distributes residential and non-residential roofing and building products to professional contractors, home builders, building owners, lumberyards, and retailers in the U.S. and Canada. QXO, Inc. (New York symbol QXO), which makes resource planning and cybersecurity software for businesses, has offered to acquire Beacon for $124.35 a share. Beacon rejected an earlier offer of $124.25 from QXO, Shareholders representing about 19% of the total shares outstanding accepted that earlier offer. If Beacon agrees to this new offer, shareholders who have already tendered their shares will still get any higher offer that may emerge. NVENT ELECTRIC PLC $57 is a buy. The company (New York symbol NVT; Manufacturing Sector; Shares outstanding: 165.0 million; Market cap: $9.4 billion; Dividend yield 1.4%; Takeover Target Rating: Medium; www.nvent.com) makes stainless steel, aluminum and non-metallic covers and enclosures for electrical equipment, as well as electrical connections. The…