Summit Materials, Inc. (SUM) Insider Thomas W. Hill Sells 12,500 Shares of Stock

Summit Materials, Inc. (NYSE:SUM) insider Thomas W. Hill sold 12,500 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $30.26, for a total transaction of $378,250.00. Following the sale, the insider now directly owns 126,810 shares of the company’s stock, valued at approximately $3,837,270.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Summit Materials, Inc. (NYSE SUM) opened at $30.37 on Tuesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.01 and a current ratio of 2.59. Summit Materials, Inc. has a 52 week low of $22.19 and a 52 week high of $32.69. The stock has a market cap of $3,290.00 and a P/E ratio of 32.99.

Summit Materials (NYSE:SUM) last issued its quarterly earnings results on Monday, October 30th. The construction company reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.10). Summit Materials had a net margin of 4.09% and a return on equity of 9.83%. The company had revenue of $634.18 million for the quarter, compared to analyst estimates of $558.93 million. During the same quarter in the previous year, the company posted $0.73 EPS. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. equities research analysts expect that Summit Materials, Inc. will post 1.04 earnings per share for the current fiscal year.

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A number of equities research analysts recently commented on SUM shares. BidaskClub cut shares of Summit Materials from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Stifel Nicolaus reissued a “buy” rating and set a $35.00 target price on shares of Summit Materials in a research report on Thursday, August 3rd. Royal Bank Of Canada increased their target price on shares of Summit Materials from $33.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, August 3rd. TheStreet raised shares of Summit Materials from a “c+” rating to a “b” rating in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research raised shares of Summit Materials from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 5th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $30.79.

A number of institutional investors have recently modified their holdings of the business. Teacher Retirement System of Texas increased its stake in Summit Materials by 0.8% during the 2nd quarter. Teacher Retirement System of Texas now owns 8,539 shares of the construction company’s stock valued at $247,000 after purchasing an additional 64 shares in the last quarter. Venturi Wealth Management LLC increased its stake in Summit Materials by 4.4% during the 2nd quarter. Venturi Wealth Management LLC now owns 8,541 shares of the construction company’s stock valued at $247,000 after purchasing an additional 360 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in Summit Materials by 4.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 9,400 shares of the construction company’s stock valued at $271,000 after purchasing an additional 443 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Summit Materials by 11.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,013 shares of the construction company’s stock valued at $145,000 after purchasing an additional 510 shares in the last quarter. Finally, Amalgamated Bank increased its stake in Summit Materials by 5.5% during the 2nd quarter. Amalgamated Bank now owns 12,940 shares of the construction company’s stock valued at $374,000 after purchasing an additional 672 shares in the last quarter.

About Summit Materials

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.

Insider Buying and Selling by Quarter for Summit Materials (NYSE:SUM)

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