Anne Lee Benedict Sells 26,167 Shares of Summit Materials Inc (SUM) Stock
Summit Materials Inc (NYSE:SUM) insider Anne Lee Benedict sold 26,167 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $32.32, for a total value of $845,717.44. Following the completion of the sale, the insider now owns 27,258 shares in the company, valued at $880,978.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Summit Materials Inc (NYSE SUM) opened at $32.43 on Friday. The company has a market capitalization of $3,523.95, a P/E ratio of 30.87, a PEG ratio of 2.05 and a beta of 1.72. The company has a quick ratio of 2.40, a current ratio of 3.13 and a debt-to-equity ratio of 1.42. Summit Materials Inc has a 1-year low of $22.19 and a 1-year high of $34.06.
Summit Materials (NYSE:SUM) last announced its earnings results on Wednesday, February 14th. The construction company reported $0.46 EPS for the quarter, topping the 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%. Summit Materials’s revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 EPS. research analysts anticipate that Summit Materials Inc will post 1.48 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Summit Materials by 5.3% in the 4th quarter. BlackRock Inc. now owns 7,056,682 shares of the construction company’s stock worth $221,864,000 after acquiring an additional 355,922 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Summit Materials by 42.5% in the 3rd quarter. Janus Henderson Group PLC now owns 6,012,622 shares of the construction company’s stock worth $192,584,000 after acquiring an additional 1,792,448 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of Summit Materials by 11.9% in the 4th quarter. Jennison Associates LLC now owns 5,810,726 shares of the construction company’s stock worth $182,689,000 after acquiring an additional 617,054 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of Summit Materials by 11.9% in the 3rd quarter. Westfield Capital Management Co. LP now owns 3,344,408 shares of the construction company’s stock worth $107,121,000 after acquiring an additional 354,922 shares in the last quarter. Finally, Bamco Inc. NY boosted its holdings in shares of Summit Materials by 8.9% in the 3rd quarter. Bamco Inc. NY now owns 3,064,202 shares of the construction company’s stock worth $98,146,000 after acquiring an additional 250,000 shares in the last quarter.
TRADEMARK VIOLATION NOTICE: “Anne Lee Benedict Sells 26,167 Shares of Summit Materials Inc (SUM) Stock” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.watchlistnews.com/anne-lee-benedict-sells-26167-shares-of-summit-materials-inc-sum-stock/1906598.html.
Summit Materials Company Profile
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.
Receive News & Ratings for Summit Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Summit Materials and related companies with MarketBeat.com's FREE daily email newsletter.