Jim Cramer Discussed These 18 Stocks As Inflation Dropped

14. Beacon Roofing Supply, Inc. (NASDAQ:BECN)

Number of Hedge Fund Holders In Q3 2024: 47

Beacon Roofing Supply, Inc. (NASDAQ:BECN) is a mid-sized Virginia-based building materials provider. The firm, as the name suggests, sells roofing products for residential, industrial, and other use cases. Beacon Roofing Supply, Inc. (NASDAQ:BECN)’s shares ended 2024 15.3% higher as it benefited from some industrial destocking as earlier inventory buildup dropped. In 2025, the shares are up 16.6% year-to-date primarily on the back of a now-rejected acquisition offer by QXO. Cramer is a fan of Beacon Roofing Supply, Inc. (NASDAQ:BECN) as he shared:

“Beacon Roofing is a really really good company. And it’s been through thick and thin. No matter what. Housing crisis, housing shortage, too many homes, they’ve always been the winner. But it does say, Brad Jacobs, very very smart guy. He built a great trucking company and then pretty much broke it off, created a lot of value. But what does this say about Lowe’s Corp? What does this say about Home Depot? What does it say about the companies like Floor & Decor, Builder’s First. These companies may be undervalued, they’re selling at very low multiples. Carl, there’s a lot of, this is an example. Beacon Roofing is something you don’t buy when you’re going into a depression for heaven’s sake or a slowdown. You’re buying because you think the economy’s going to accelerate. Very telling.”