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.
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.
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