Summit Materials Inc (NYSE:SUM) insider Thomas W. Hill sold 12,500 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $30.25, for a total value of $378,125.00. Following the transaction, the insider now directly owns 189,310 shares in the company, valued at approximately $5,726,627.50. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of Summit Materials Inc (NYSE SUM) opened at $30.74 on Friday. 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 firm has a market capitalization of $3,388.78, a price-to-earnings ratio of 45.84, a P/E/G ratio of 2.91 and a beta of 1.97. Summit Materials Inc has a 12 month low of $21.88 and a 12 month high of $32.59.

Summit Materials (NYSE:SUM) last issued its quarterly earnings data on Monday, October 30th. The construction company reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.10). The company had revenue of $634.18 million for the quarter, compared to analysts’ expectations of $558.93 million. Summit Materials had a return on equity of 9.83% and a net margin of 4.09%. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share. analysts anticipate that Summit Materials Inc will post 1.01 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Summit Materials by 0.8% in the second quarter. Vanguard Group Inc. now owns 8,524,048 shares of the construction company’s stock valued at $246,089,000 after buying an additional 70,684 shares during the last quarter. Janus Henderson Group PLC raised its stake in Summit Materials by 42.5% in the third quarter. Janus Henderson Group PLC now owns 6,012,622 shares of the construction company’s stock valued at $192,584,000 after buying an additional 1,792,448 shares during the last quarter. Jennison Associates LLC raised its stake in Summit Materials by 32.9% in the third quarter. Jennison Associates LLC now owns 5,193,672 shares of the construction company’s stock valued at $166,353,000 after buying an additional 1,285,287 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Summit Materials by 23.9% in the second quarter. Goldman Sachs Group Inc. now owns 3,344,808 shares of the construction company’s stock valued at $96,565,000 after buying an additional 645,543 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its stake in Summit Materials by 11.9% in the third quarter. Westfield Capital Management Co. LP now owns 3,344,408 shares of the construction company’s stock valued at $107,121,000 after buying an additional 354,922 shares during the last quarter.

A number of equities analysts have recently issued reports on SUM shares. Zacks Investment Research downgraded Summit Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. SunTrust Banks set a $38.00 price target on Summit Materials and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Bank of America increased their price target on Summit Materials from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 31st. Royal Bank of Canada reissued a “buy” rating on shares of Summit Materials in a research report on Thursday, November 2nd. Finally, Canaccord Genuity restated a “buy” rating and set a $12.50 price objective on shares of Summit Materials in a research note on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $31.50.

TRADEMARK VIOLATION NOTICE: “Thomas W. Hill Sells 12,500 Shares of Summit Materials Inc (SUM) Stock” was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another website, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.watchlistnews.com/thomas-w-hill-sells-12500-shares-of-summit-materials-inc-sum-stock-2/1781116.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.

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

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.