Summit Materials Inc (NYSE:SUM) insider Thomas W. Hill sold 12,500 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $28.85, for a total transaction of $360,625.00. Following the completion of the transaction, the insider now directly owns 160,548 shares of the company’s stock, valued at $4,631,809.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $31.04, for a total transaction 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 transaction of $394,125.00.

Summit Materials Inc (NYSE:SUM) opened at $29.15 on Tuesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 2.01 and a current ratio of 2.59. The company has a market cap of $3,320.00 and a price-to-earnings ratio of 42.87. Summit Materials Inc has a one year low of $22.19 and a one year high of $34.06.

A number of research analysts recently weighed in on the stock. TheStreet lowered shares of Summit Materials from a “b” rating to a “c” rating in a report on Thursday, February 8th. Zacks Investment Research raised shares of Summit Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Citigroup lifted their price objective on shares of Summit Materials from $37.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Barclays started coverage on shares of Summit Materials in a research note on Tuesday, December 12th. They set an “equal weight” rating and a $32.00 price objective for the company. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $12.50 price objective on shares of Summit Materials in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $32.44.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Montreal Can boosted its stake in shares of Summit Materials by 310.5% during the fourth quarter. Bank of Montreal Can now owns 3,325 shares of the construction company’s stock valued at $104,000 after purchasing an additional 2,515 shares during the period. First Manhattan Co. purchased a new stake in shares of Summit Materials during the third quarter valued at $160,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Summit Materials during the third quarter valued at $180,000. Daiwa Securities Group Inc. purchased a new stake in shares of Summit Materials during the third quarter valued at $202,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Summit Materials by 39.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,998 shares of the construction company’s stock valued at $220,000 after purchasing an additional 1,985 shares during the period.

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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.

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

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