Summit Materials (SUM) CEO Sells $366,250.00 in Stock

Summit Materials (NYSE:SUM) CEO Thomas W. Hill sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, April 12th. The shares were sold at an average price of $29.30, for a total value of $366,250.00. Following the transaction, the chief executive officer now owns 123,102 shares of the company’s stock, valued at approximately $3,606,888.60. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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.

SUM traded down $0.73 during trading hours on Friday, reaching $28.59. 1,545,021 shares of the company’s stock traded hands, compared to its average volume of 1,247,337. Summit Materials has a 52-week low of $24.48 and a 52-week high of $34.06. The company has a quick ratio of 2.40, a current ratio of 3.13 and a debt-to-equity ratio of 1.42. The stock has a market cap of $3,210.52, a P/E ratio of 30.63, a PEG ratio of 1.84 and a beta of 1.71.



Summit Materials (NYSE:SUM) last posted its quarterly earnings data on Wednesday, February 14th. The construction company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.24. Summit Materials had a return on equity of 11.51% and a net margin of 6.19%. The company had revenue of $490.02 million during the quarter, compared to analysts’ expectations of $449.45 million. During the same quarter in the previous year, the business earned $0.06 EPS. Summit Materials’s revenue was up 15.8% compared to the same quarter last year. equities analysts anticipate that Summit Materials will post 1.51 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB purchased a new position in Summit Materials during the 4th quarter valued at $285,000. Pier Capital LLC boosted its holdings in Summit Materials by 98.6% during the 4th quarter. Pier Capital LLC now owns 194,077 shares of the construction company’s stock valued at $6,102,000 after acquiring an additional 96,370 shares during the period. MetLife Investment Advisors LLC purchased a new position in Summit Materials during the 4th quarter valued at $1,613,000. Westwood Holdings Group Inc. boosted its holdings in Summit Materials by 45.0% during the 4th quarter. Westwood Holdings Group Inc. now owns 1,700,283 shares of the construction company’s stock valued at $53,457,000 after acquiring an additional 527,632 shares during the period. Finally, Castleark Management LLC boosted its holdings in Summit Materials by 1.0% during the 4th quarter. Castleark Management LLC now owns 567,425 shares of the construction company’s stock valued at $17,840,000 after acquiring an additional 5,725 shares during the period.

A number of brokerages have recently commented on SUM. TheStreet upgraded Summit Materials from a “c” rating to a “b” rating in a report on Monday, March 19th. ValuEngine upgraded Summit Materials from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded Summit Materials from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Royal Bank of Canada set a $37.00 target price on Summit Materials and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Deutsche Bank lifted their target price on Summit Materials from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $33.28.

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Summit Materials Company Profile

Summit Materials, Inc, together with its subsidiaries, produces and sells construction materials and related downstream products. Its products include aggregates, cement, ready-mix concrete, asphalt paving mixes, and concrete products. The company also provides paving and related services to private and public infrastructure sectors.

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

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