Summit Materials Inc (NYSE:SUM) Director John Raymond Murphy sold 5,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $32.62, for a total value of $163,100.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
John Raymond Murphy also recently made the following trade(s):
- On Tuesday, February 20th, John Raymond Murphy sold 7,657 shares of Summit Materials stock. The stock was sold at an average price of $32.43, for a total value of $248,316.51.
Summit Materials Inc (SUM) traded down $0.38 during trading on Wednesday, reaching $31.21. The company’s stock had a trading volume of 794,729 shares, compared to its average volume of 1,344,477. The company has a current ratio of 3.13, a quick ratio of 2.40 and a debt-to-equity ratio of 1.42. The stock has a market cap of $3,591.16, a P/E ratio of 29.71, a PEG ratio of 2.09 and a beta of 1.81. Summit Materials Inc has a twelve month low of $22.19 and a twelve month 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. analysts expect that Summit Materials Inc will post 1.49 EPS for the current fiscal year.
Several research analysts recently weighed in on SUM shares. Royal Bank of Canada restated a “buy” rating on shares of Summit Materials in a research note on Thursday, November 2nd. Zacks Investment Research upgraded Summit Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. 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. Bank of America boosted their target price on Summit Materials from $33.00 to $34.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Finally, SunTrust Banks set a $38.00 target price on Summit Materials and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. Summit Materials has a consensus rating of “Buy” and a consensus price target of $33.28.
Institutional investors have recently bought and sold shares of the business. American International Group Inc. grew its stake in Summit Materials by 8.1% during the 3rd quarter. American International Group Inc. now owns 71,796 shares of the construction company’s stock valued at $2,300,000 after purchasing an additional 5,368 shares during the last quarter. Legal & General Group Plc grew its stake in Summit Materials by 6.0% during the 3rd quarter. Legal & General Group Plc now owns 90,409 shares of the construction company’s stock valued at $2,895,000 after purchasing an additional 5,096 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in Summit Materials during the 3rd quarter valued at about $999,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Summit Materials by 8.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 527,495 shares of the construction company’s stock valued at $16,896,000 after buying an additional 42,184 shares during the period. Finally, Impala Asset Management LLC lifted its holdings in shares of Summit Materials by 35.2% in the 3rd quarter. Impala Asset Management LLC now owns 1,904,025 shares of the construction company’s stock valued at $60,986,000 after buying an additional 495,897 shares during the period.
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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.
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