Summit Materials (NYSE:SUM) CEO Thomas W. Hill sold 12,500 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $31.87, for a total value of $398,375.00. Following the completion of the transaction, the chief executive officer now owns 148,102 shares in the company, valued at approximately $4,720,010.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were 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 shares were sold at an average price of $31.53, for a total value of $394,125.00.
NYSE:SUM opened at $28.90 on Friday. Summit Materials has a 1-year low of $24.18 and a 1-year high of $34.06. 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 capitalization of $3,255.77, a price-to-earnings ratio of 31.08, a P/E/G ratio of 1.87 and a beta of 1.71.
Summit Materials (NYSE:SUM) last released its earnings results on Wednesday, February 14th. The construction company reported $0.46 earnings per share for the quarter, beating the 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 firm had revenue of $490.02 million for the quarter, compared to analyst estimates of $449.45 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. research analysts anticipate that Summit Materials will post 1.51 EPS for the current year.
Several equities analysts recently issued reports on the company. Citigroup raised their price target on Summit Materials from $37.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Deutsche Bank raised their price target on Summit Materials from $35.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 15th. Royal Bank of Canada set a $37.00 price target on Summit Materials and gave the company a “buy” rating in a report on Thursday, February 15th. Zacks Investment Research upgraded Summit Materials from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, ValuEngine upgraded Summit Materials from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.28.
Large investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC raised its position in shares of Summit Materials by 42.5% during the third quarter. Janus Henderson Group PLC now owns 6,012,622 shares of the construction company’s stock worth $192,584,000 after purchasing an additional 1,792,448 shares during the period. Banbury Partners LLC acquired a new stake in shares of Summit Materials during the third quarter worth about $28,025,000. Renaissance Technologies LLC acquired a new stake in shares of Summit Materials during the fourth quarter worth about $23,885,000. Jennison Associates LLC raised its position in shares of Summit Materials by 11.9% during the fourth quarter. Jennison Associates LLC now owns 5,810,726 shares of the construction company’s stock worth $182,689,000 after purchasing an additional 617,054 shares during the period. Finally, Westwood Holdings Group Inc. raised its position in shares of Summit Materials by 45.0% during the fourth quarter. Westwood Holdings Group Inc. now owns 1,700,283 shares of the construction company’s stock worth $53,457,000 after purchasing an additional 527,632 shares during the period.
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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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