Summit Materials Inc (NYSE:SUM) CEO Thomas W. Hill sold 12,500 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $31.87, for a total value of $398,375.00. Following the transaction, the chief executive officer now owns 148,102 shares in the company, valued at $4,720,010.74. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Thomas W. Hill also recently made the following trade(s):
- On Monday, January 22nd, Thomas W. Hill sold 6,300 shares of Summit Materials stock. The stock was sold at an average price of $31.04, for a total value of $195,552.00.
- On Tuesday, January 23rd, Thomas W. Hill sold 12,500 shares of Summit Materials stock. The stock was sold at an average price of $31.53, for a total value of $394,125.00.
Shares of Summit Materials Inc (NYSE SUM) opened at $31.11 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 2.40 and a current ratio of 3.13. The firm has a market capitalization of $3,345.16, a PE ratio of 29.61, a price-to-earnings-growth ratio of 1.92 and a beta of 1.72. Summit Materials Inc has a one year low of $22.19 and a one year high of $34.06.
Summit Materials (NYSE:SUM) last posted its quarterly earnings results on Wednesday, February 14th. The construction company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.24. The business had revenue of $490.02 million for the quarter, compared to the consensus estimate of $449.45 million. Summit Materials had a return on equity of 11.51% and a net margin of 6.19%. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS. equities research analysts forecast that Summit Materials Inc will post 1.51 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in Summit Materials by 5.3% during the 4th quarter. BlackRock Inc. now owns 7,056,682 shares of the construction company’s stock valued at $221,864,000 after purchasing an additional 355,922 shares during the last quarter. Janus Henderson Group PLC grew its stake in Summit Materials by 42.5% during the 3rd quarter. Janus Henderson Group PLC now owns 6,012,622 shares of the construction company’s stock valued at $192,584,000 after purchasing an additional 1,792,448 shares during the last quarter. Jennison Associates LLC grew its stake in Summit Materials by 11.9% during the 4th quarter. Jennison Associates LLC now owns 5,810,726 shares of the construction company’s stock valued at $182,689,000 after purchasing an additional 617,054 shares during the last quarter. Westfield Capital Management Co. LP grew its stake in Summit Materials by 11.9% during the 3rd quarter. Westfield Capital Management Co. LP now owns 3,344,408 shares of the construction company’s stock valued at $107,121,000 after purchasing an additional 354,922 shares during the last quarter. Finally, Bamco Inc. NY boosted its stake in shares of Summit Materials by 8.9% in the third quarter. Bamco Inc. NY now owns 3,064,202 shares of the construction company’s stock worth $98,146,000 after buying an additional 250,000 shares during the last quarter.
SUM has been the topic of several research analyst reports. Goldman Sachs upgraded Summit Materials from a “neutral” rating to a “buy” rating in a research note on Monday, February 26th. Citigroup boosted their target price on Summit Materials from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Barclays initiated coverage on Summit Materials in a research note on Tuesday, December 12th. They set an “equal weight” rating and a $32.00 target price on the stock. Deutsche Bank boosted their target price on Summit Materials from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, Zacks Investment Research downgraded Summit Materials from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $33.28.
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Summit Materials Company Profile
Summit Materials, Inc is a construction materials company. The Company operates through three segments: West, East and Cement. As of December 31, 2016, the Company had operations in 21 states in the United States and in British Columbia, Canada. The Company’s materials include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies along the Mississippi River from Minneapolis to New Orleans.
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